Japan Experts, Extraordinary Performance, Astris Advisory Japan

Astris Advisory Japan

Japan Experts, Extraordinary Performance

Our Corporate Advisory service is designed to give clients access to a wider range of investors. These include Japan specialists as well as global investors. The goal is to help achieve a fair equity valuation.

Equity Bottom-Up

SHOFU INC. manufactures materials used for dental treatment.  The Company also wholesales dental equipment.  Shofu's products include artificial teeth, dental abrasives, dental stone, metal products, and endodontic instruments and materials.

<ul><li>Committing to raising production capacity –Shofu announced its fifth medium-term plan, covering the four years from FY3/25 to FY3/28.</li><li>The core message is that the company has competitive products and high demand visibility in overseas markets, and is reaching the point of attaining annual sales volume of ¥50bn.</li><li>The plan will involve significant capital allocation to raise production capacity and other business investments to meet its goals. zed.</li></ul>

Committing to raising production capacity –Shofu announced its fifth medium-term plan, covering the four years from FY3/25 to FY3/28.The core message is that the company has competitive products and high demand visibility in overseas markets, and is reaching the point of attaining annual sales volume of ¥50bn.The plan will involve significant capital allocation to raise production capacity and other business investments to meet its goals. zed.

Shofu (7979 JP) - Hiking Production and Demonstrating Confidence in Future Growth

Simplex Holdings, Inc. provides system information technology solutions. The Company offers system consulting, system development, system operation and maintenance, and other services.  Simplex Holdings serves financial institutions across worldwide.

<ul><li><strong>Positioned for sustained growth</strong> – Q1-4 FY3/24 results were in line with guidance, with the company generating consistent and sustainable double-digit growth for sales and earnings demonstrating the company’s characteristics as a compounding business.</li><li>We believe its brand, human capital, and technological innovation are competitive advantages that generate shareholder value, with free cash flow recovering YoY to ¥7.34bn from ¥3.26bn in FY3/23.</li><li>Future capital allocation points to business investment in staff and R&amp;D and scope for M&amp;A to support growth and improve shareholder returns. </li></ul>

Positioned for sustained growth – Q1-4 FY3/24 results were in line with guidance, with the company generating consistent and sustainable double-digit growth for sales and earnings demonstrating the company’s characteristics as a compounding business.We believe its brand, human capital, and technological innovation are competitive advantages that generate shareholder value, with free cash flow recovering YoY to ¥7.34bn from ¥3.26bn in FY3/23.Future capital allocation points to business investment in staff and R&amp;D and scope for M&amp;A to support growth and improve shareholder returns. 

Simplex Holdings (4373) - Compounding Business with a Consulting Growth Engine

JTEC Corporation of Osaka manufactures bio-technology systems and equipment. The Company produces life science devices, x ray mirrors, and automated cell culture systems. JTEC also develops pharmaceutical products. JTEC serves clients in Japan.

<ul><li>JTEC Corp is a specialist technology innovator, and a global market leader in customized X-ray mirrors used in synchrotron radiation and X-ray free-electron laser facilities worldwide.</li><li>With its competitive advantage in technology through high R&amp;D spending and strong partnerships with academic and research institutions, the company is switching back to a robust growth trajectory driven by 1) normalized business conditions post- COVID-19,</li><li>2) new construction and upgrade demand for synchrotron radiation facilities, particularly from China, and 3) business expansion in the life sciences and semiconductor sectors.</li></ul>

JTEC Corp is a specialist technology innovator, and a global market leader in customized X-ray mirrors used in synchrotron radiation and X-ray free-electron laser facilities worldwide.With its competitive advantage in technology through high R&amp;D spending and strong partnerships with academic and research institutions, the company is switching back to a robust growth trajectory driven by 1) normalized business conditions post- COVID-19,2) new construction and upgrade demand for synchrotron radiation facilities, particularly from China, and 3) business expansion in the life sciences and semiconductor sectors.

JTEC Corp (3446) - Embarking on a Multi-Year Runway of Growth with Technological Advantage

INTLOOP Inc. offers professional services. The Company provides business strategy, business reform consulting, project management supporting, professional human resources supporting, temporary staffing, and other services. INTLOOP also offers information technology consulting services.

<ul><li>Addressing selling activity by organizational change – Q1-2 FY7/24 results demonstrated double-digit sales growth of 41.5% YoY via underlying growth at the parent business and acquisitive impact from DICS Holdings.</li><li>However, the overall pace of growth was lower than expected, with INTLOOP experiencing lower-than-planned productivity from newly hired sales representatives.</li><li>The company has addressed this by implementing a new and reinforced organizational structure in H2 FY7/24 by recruiting senior management (partner and managing director class) to drive sales activities as well as customer acquisition and increasing overall market coverage. </li></ul>

Addressing selling activity by organizational change – Q1-2 FY7/24 results demonstrated double-digit sales growth of 41.5% YoY via underlying growth at the parent business and acquisitive impact from DICS Holdings.However, the overall pace of growth was lower than expected, with INTLOOP experiencing lower-than-planned productivity from newly hired sales representatives.The company has addressed this by implementing a new and reinforced organizational structure in H2 FY7/24 by recruiting senior management (partner and managing director class) to drive sales activities as well as customer acquisition and increasing overall market coverage. 

Intloop (9556) - Recalibrating to Aim for Long-Term Growth

Okinawa Cellular Telephone / Equity Bottom-Up

OKINAWA CELLULAR TELEPHONE COMPANY provides cellular and car phone services in Okinawa Prefecture.  The Company also sells cellular phones and accessories.

<ul><li>50% mobile market share with scope to improve shareholder returns – Okinawa Cellular is the operating company for parent KDDI’s (9433) mobile and FTTH brands in Japan’s southernmost prefecture, with a dominant 50% mobile carrier market share.</li><li>The company benefits from the parent’s centralized R&amp;D initiatives limiting its costs, and economies of scale through the joint procurement of handsets.</li><li>With sector-leading operating margins and a strong track record of free cash flow generation, management actively allocates capital to shareholder returns, resulting in an estimated total shareholder payout ratio of 127.8% for FY3/24. </li></ul>

50% mobile market share with scope to improve shareholder returns – Okinawa Cellular is the operating company for parent KDDI’s (9433) mobile and FTTH brands in Japan’s southernmost prefecture, with a dominant 50% mobile carrier market share.The company benefits from the parent’s centralized R&amp;D initiatives limiting its costs, and economies of scale through the joint procurement of handsets.With sector-leading operating margins and a strong track record of free cash flow generation, management actively allocates capital to shareholder returns, resulting in an estimated total shareholder payout ratio of 127.8% for FY3/24. 

Okinawa Cellular (9436) - Dominant Local Market Leader Enhancing Shareholder Value

Astris Advisory Japan
Japan Experts, Extraordinary Performance

Shofu (7979 JP) - Hiking Production and Demonstrating Confidence in Future Growth

Committing to raising production capacity –Shofu announced its fifth medium-term plan, covering the four years from FY3/25 to FY3/28.

Astris Advisory Japan

Simplex Holdings (4373) - Compounding Business with a Consulting Growth Engine

Future capital allocation points to business investment in staff and R&D and scope for M&A to support growth and improve shareholder returns.

Astris Advisory Japan

JTEC Corp (3446) - Embarking on a Multi-Year Runway of Growth with Technological Advantage

JTEC Corp is a specialist technology innovator, and a global market leader in customized X-ray mirrors used in synchrotron radiation and X-ray free...

Astris Advisory Japan

Intloop (9556) - Recalibrating to Aim for Long-Term Growth

Q1-2 FY7/24 results demonstrated double-digit sales growth of 41.5% YoY via underlying growth at the parent business and acquisitive impact from...

Astris Advisory Japan

Okinawa Cellular (9436) - Dominant Local Market Leader Enhancing Shareholder Value

The company benefits from the parent’s centralized R&D initiatives limiting its costs, and economies of scale through the joint procurement of...

Astris Advisory Japan