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

<ul><li>Consolidated sales reached JPY262.1bn (+2.5% YoY), with operating profit at JPY13.1bn (+54.0% YoY), driven by market recovery.</li><li>Segment sales varied, with packaging inks declining in Asia, while jet inks for digital printing increased significantly.</li><li>Operating profit rose in Japan and overseas, supported by cost savings and stable sales prices across product lines.</li></ul>

Consolidated sales reached JPY262.1bn (+2.5% YoY), with operating profit at JPY13.1bn (+54.0% YoY), driven by market recovery.Segment sales varied, with packaging inks declining in Asia, while jet inks for digital printing increased significantly.Operating profit rose in Japan and overseas, supported by cost savings and stable sales prices across product lines.

Dic Corp (4631 JP): Q1 FY12/25 flash update

<ul><li>FY12/24 sales reached JPY1.07tn (+3.1% YoY), with operating profit at JPY44.5bn (+148.1% YoY), driven by product mix and cost reductions.</li><li>Sales in Packaging and Graphic segment increased due to jet inks demand, while Functional Products saw divestitures impact.</li><li>FY12/25 forecasts project JPY1,110.0bn sales (+3.6% YoY) and JPY48.0bn operating profit (+7.8% YoY), with dividend policy maintained.</li></ul>

FY12/24 sales reached JPY1.07tn (+3.1% YoY), with operating profit at JPY44.5bn (+148.1% YoY), driven by product mix and cost reductions.Sales in Packaging and Graphic segment increased due to jet inks demand, while Functional Products saw divestitures impact.FY12/25 forecasts project JPY1,110.0bn sales (+3.6% YoY) and JPY48.0bn operating profit (+7.8% YoY), with dividend policy maintained.

Dic Corp (4631 JP): Full-year FY12/24 flash update

<ul><li>Cumulative Q3 FY12/24 sales reached JPY807.7bn, a 3.3% YoY increase, with operating profit up 158.5% YoY. </li><li>Packaging and Graphics segment saw improved product mix and price adjustments, boosting operating profit by 78.1% YoY. </li><li>Functional Products segment sales rose 7.4% excluding divestiture impact, with operating profit increasing 41.8% YoY. </li></ul>

Cumulative Q3 FY12/24 sales reached JPY807.7bn, a 3.3% YoY increase, with operating profit up 158.5% YoY. Packaging and Graphics segment saw improved product mix and price adjustments, boosting operating profit by 78.1% YoY. Functional Products segment sales rose 7.4% excluding divestiture impact, with operating profit increasing 41.8% YoY. 

Dic Corp (4631 JP): Q3 FY12/24 flash update

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Today, the Nikkei Index Committee decided to delete Nippon Paper (3863) for low liquidity, and DIC (4631) for sector over-representation, and added Nomura Research Institute (4307) and Ryohin Keikaku (7453).</li>
<li>The only <em>auto-delete</em> was Nippon Paper. The DIC delete was "discretionary." But they could have done a third. Why did they not do a third change? I do not know.</li>
<li>The whole shebang should be ¥350-375bn a side. At current price, Fast Retailing is set for another capping (selling) event in March 2025. And there is one shoo-in then too.</li>
</ul>


Today, the Nikkei Index Committee decided to delete Nippon Paper (3863) for low liquidity, and DIC (4631) for sector over-representation, and added Nomura Research Institute (4307) and Ryohin Keikaku (7453).
The only auto-delete was Nippon Paper. The DIC delete was "discretionary." But they could have done a third. Why did they not do a third change? I do not know.
The whole shebang should be ¥350-375bn a side. At current price, Fast Retailing is set for another capping (selling) event in March 2025. And there is one shoo-in then too.


Sep24 Nikkei 225 Review Results:  A Slightly Baffling 2 IN, 2 OUT

<ul>
<li>The last two reviews have been announced on the second business day of the month of the review. The one before that on the third business day.</li>
<li>The review could be announced today or tomorrow. Wednesday would seem to be "late."</li>
<li>There are still questions about implementation - thus "care" in previous insights. Here I explore the possibilities/probabilities/issues around the edges. And a Dark Horse which may be lighter than thought.</li>
</ul>


The last two reviews have been announced on the second business day of the month of the review. The one before that on the third business day.
The review could be announced today or tomorrow. Wednesday would seem to be "late."
There are still questions about implementation - thus "care" in previous insights. Here I explore the possibilities/probabilities/issues around the edges. And a Dark Horse which may be lighter than thought.


Sep24 Nikkei 225 Rebal - Last Minute Thoughts and Change in Predictions

Japan

DIC Corp. is a chemical company that specializes in printing inks, organic pigments, and thermosetting resins.  The Company also manufactures polymers, specialty plastics and compounds, and others which include building materials, pressure-sensitive adhesives materials, and biochemicals.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Dic Corp (4631 JP)

Dic Corp (4631 JP): Q1 FY12/25 flash update

Consolidated sales reached JPY262.1bn (+2.5% YoY), with operating profit at JPY13.1bn (+54.0% YoY), driven by market recovery. Segment sales...

Shared Research

Dic Corp (4631 JP): Full-year FY12/24 flash update

FY12/24 sales reached JPY1.07tn (+3.1% YoY), with operating profit at JPY44.5bn (+148.1% YoY), driven by product mix and cost reductions. Sales in...

Shared Research

Dic Corp (4631 JP): Q3 FY12/24 flash update

Cumulative Q3 FY12/24 sales reached JPY807.7bn, a 3.3% YoY increase, with operating profit up 158.5% YoY. Packaging and Graphics segment saw...

Shared Research

Sep24 Nikkei 225 Review Results: A Slightly Baffling 2 IN, 2 OUT

The Nikkei 225 Sep24 Review is out. Ryohin Keikaku/NRI in, Nippon Paper/DIC out. Fast Retailing capped. Much as expected. Except why 2 changes, not...

Travis Lundy

Sep24 Nikkei 225 Rebal - Last Minute Thoughts and Change in Predictions

The September Nikkei 225 rebalance is likely to be announced either today, tomorrow, or Thursday. I have adjusted my picks to go for 3 x 3. If I...

Travis Lundy

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)