Research Coverage of Japanese Listed Companies, Shared Research Inc

Shared Research

Research Coverage of Japanese Listed Companies

Shared Research Inc

Pioneering research coverage of Japanese listed companies. Now customizable and interactive for global institutional investors. Corporate access reimagined.

Equity Bottom-Up

Ai Holdings Corporation is a holding company, which was established through reorganization. The Company manufactures and sells information industry related equipment. Ai Holdings' products include personal computers, office server systems, office automation systems, mailing systems, and security systems. Ai Holdings also designs, develops, and sells software.

<ul><li>Sales increased 34.0% YoY to JPY50.6bn, driven by Iwatsu Electric's acquisition and growth in Security Equipment.</li><li>Operating profit decreased 5.0% YoY to JPY7.4bn, impacted by weaker performance in the Information Equipment Business.</li><li>Net income rose 20.5% YoY to JPY17.3bn, mainly due to JPY14.7bn extraordinary gain from negative goodwill.</li></ul>

Sales increased 34.0% YoY to JPY50.6bn, driven by Iwatsu Electric's acquisition and growth in Security Equipment.Operating profit decreased 5.0% YoY to JPY7.4bn, impacted by weaker performance in the Information Equipment Business.Net income rose 20.5% YoY to JPY17.3bn, mainly due to JPY14.7bn extraordinary gain from negative goodwill.

Ai Holdings (3076 JP): Q3 FY06/24 flash update

Yappli, Inc. operates as a technology platform. The Company provides application development, application analysis, and other services. Yappli also develops smart devices.

<ul><li>In Q1 FY12/25, the company reported revenue of JPY1.4bn, a year-on-year increase of 6.9%.</li><li>Operating profit for Q1 FY12/25 was JPY223mn, reflecting a 22.5% year-on-year growth.</li><li>Net income in Q1 FY12/25 was JPY223mn, showing a year-on-year decline of 38.1%.</li></ul>

In Q1 FY12/25, the company reported revenue of JPY1.4bn, a year-on-year increase of 6.9%.Operating profit for Q1 FY12/25 was JPY223mn, reflecting a 22.5% year-on-year growth.Net income in Q1 FY12/25 was JPY223mn, showing a year-on-year decline of 38.1%.

Yappli Inc (4168 JP): Q1 FY12/25 flash update

Core Concept Technologies Inc / Equity Bottom-Up

Core Concept Technologies Inc. offers information technology services. The Company provides digital transformation supporting, information technology human resources procurement supporting, and other services. Core Concept Technologies provides its services throughout Japan.

<ul><li>Revenue increased by 13.6% YoY to JPY5.0bn, while gross profit rose by 13.2% YoY to JPY1.4bn.</li><li>Operating profit reached JPY599mn, a 6.5% YoY increase, with recurring profit and net income up by 4.8% and 3.6%, respectively.</li><li>Achievement rates for FY12/25 forecast were 23.1% for revenue, 26.0% for operating profit, and 26.4% for net income.</li></ul>

Revenue increased by 13.6% YoY to JPY5.0bn, while gross profit rose by 13.2% YoY to JPY1.4bn.Operating profit reached JPY599mn, a 6.5% YoY increase, with recurring profit and net income up by 4.8% and 3.6%, respectively.Achievement rates for FY12/25 forecast were 23.1% for revenue, 26.0% for operating profit, and 26.4% for net income.

Core Concept Technologies Inc (4371 JP): Q1 FY12/25 flash update

Cyberlinks Co., Ltd. provides cloud computing implementation, maintenance and operation services to distribution companies and governments agencies. The company also provides mobile network service and also operates mobile device stores.

<ul><li>Revenue grew by 4.4% YoY to JPY4.5bn, with recurring revenue up 9.4% YoY to JPY2.1bn.</li><li>Operating profit increased 16.6% YoY to JPY414mn, with a 1.0pp rise in OPM to 9.2%.</li><li>Trust segment revenue dropped 36.7% YoY, while Government Cloud segment revenue increased 3.9% YoY to JPY2.1bn.</li></ul>

Revenue grew by 4.4% YoY to JPY4.5bn, with recurring revenue up 9.4% YoY to JPY2.1bn.Operating profit increased 16.6% YoY to JPY414mn, with a 1.0pp rise in OPM to 9.2%.Trust segment revenue dropped 36.7% YoY, while Government Cloud segment revenue increased 3.9% YoY to JPY2.1bn.

Cyberlinks (3683 JP): Q1 FY12/25 flash update

HIKARI TSUSHIN, INC. is a mobile telecommunication service subscription agency. The Company also operates telecommunication services stores, HIT SHOP, which sell cellular telephones, and related goods.  Hikari Tsushin also sells office automation equipment and insurance.

<ul><li>The company reported record revenue of JPY686.6bn, with operating profit at JPY105.0bn, and pre-tax profit down 10.3% YoY.</li><li>Effective Q1 FY03/25, the company adopted a new segmentation, increasing reportable segments to seven, impacting earnings reporting.</li><li>FY03/26 forecast includes revenue of JPY760.0bn, operating profit of JPY115.0bn, and annual dividend per share of JPY708.</li></ul>

The company reported record revenue of JPY686.6bn, with operating profit at JPY105.0bn, and pre-tax profit down 10.3% YoY.Effective Q1 FY03/25, the company adopted a new segmentation, increasing reportable segments to seven, impacting earnings reporting.FY03/26 forecast includes revenue of JPY760.0bn, operating profit of JPY115.0bn, and annual dividend per share of JPY708.

Hikari Tsushin (9435 JP): Full-year FY03/25 flash update

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