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>Recurring revenue increased 10.6% YoY to JPY36.4bn, driven by underwriting, investment, and non-insurance business growth.</li><li>Recurring profit decreased 33.0% YoY to JPY2.1bn, impacted by costs related to AXA Direct insurance contract transfers.</li><li>Combined ratio based on earned premiums rose 3.7pp YoY to 97.2%, due to higher medical costs and policy transfer expenses.</li></ul>

Recurring revenue increased 10.6% YoY to JPY36.4bn, driven by underwriting, investment, and non-insurance business growth.Recurring profit decreased 33.0% YoY to JPY2.1bn, impacted by costs related to AXA Direct insurance contract transfers.Combined ratio based on earned premiums rose 3.7pp YoY to 97.2%, due to higher medical costs and policy transfer expenses.

Anicom Holdings (8715 JP): 1H FY03/26 flash update

Research from Asian Century Stocks, Asian Century Stocks

Michael Fritzell

Research from Asian Century Stocks

Providing financial journalism in the Asia-Pacific

Asian Century Stocks

Asian Century Stocks is a newsletter providing financial journalism for companies and stocks in the Asia-Pacific. 
The Asian Century Stocks logotype “百” stands for “one hundred” or a “century”. The economic centre of gravity is moving towards Asia. Yet most global investors are missing out.

<ul>
<li>Japanese pet insurance company with 40-50% market share thanks to its OTC settlement system and a network of pet shop/veterinary clinic partners</li>
<li>The stock trades at around 13x current-year earnings, a modest multiple given the secular growth that's ahead of it. The pet/human population ratio is low. Pet insurance is still unusual.</li>
<li>Well-Regarded investor Hikari Tsushin just took a 5.2% position in the company, highlighting the value in the company at the current 1.5x book. </li>
</ul>


Japanese pet insurance company with 40-50% market share thanks to its OTC settlement system and a network of pet shop/veterinary clinic partners
The stock trades at around 13x current-year earnings, a modest multiple given the secular growth that's ahead of it. The pet/human population ratio is low. Pet insurance is still unusual.
Well-Regarded investor Hikari Tsushin just took a 5.2% position in the company, highlighting the value in the company at the current 1.5x book. 


<ul><li>Recurring revenue increased by 10.4% YoY to JPY18.2bn, driven by underwriting, investment, and non-insurance business growth.</li><li>Recurring profit decreased by 40.7% YoY to JPY960mn, impacted by increased costs from AXA Direct insurance contract transfers.</li><li>The combined ratio based on earned premiums rose 4.0pp YoY to 97.9%, influenced by higher medical costs and policy transfer expenses.</li></ul>

Recurring revenue increased by 10.4% YoY to JPY18.2bn, driven by underwriting, investment, and non-insurance business growth.Recurring profit decreased by 40.7% YoY to JPY960mn, impacted by increased costs from AXA Direct insurance contract transfers.The combined ratio based on earned premiums rose 4.0pp YoY to 97.9%, influenced by higher medical costs and policy transfer expenses.

Anicom Holdings (8715 JP): Q1 FY03/26 flash update

<ul><li>Recurring revenue increased by 12.0% YoY to JPY67.7bn, driven by underwriting, investment, and other revenue growth.</li><li>Recurring profit rose 18.8% YoY to JPY4.9bn, aided by cost control, operational efficiency, and decreased expenses.</li><li>FY03/26 forecast anticipates record-high revenue but declining profit due to one-time AXA Direct policy transfer fees.</li></ul>

Recurring revenue increased by 12.0% YoY to JPY67.7bn, driven by underwriting, investment, and other revenue growth.Recurring profit rose 18.8% YoY to JPY4.9bn, aided by cost control, operational efficiency, and decreased expenses.FY03/26 forecast anticipates record-high revenue but declining profit due to one-time AXA Direct policy transfer fees.

Anicom Holdings (8715 JP): Full-year FY03/25 flash update

<ul><li>Recurring revenue increased by JPY4.8bn YoY to JPY49.7bn, driven by underwriting, investment, and other revenue growth.</li><li>Recurring profit rose JPY517mn YoY to JPY3.8bn, aided by decreased claims, agency fees, and SG&A expenses.</li><li>Combined ratio improved by 0.6pp YoY to 93.5% due to better operating expense and E/I loss ratios.</li></ul>

Recurring revenue increased by JPY4.8bn YoY to JPY49.7bn, driven by underwriting, investment, and other revenue growth.Recurring profit rose JPY517mn YoY to JPY3.8bn, aided by decreased claims, agency fees, and SG&A expenses.Combined ratio improved by 0.6pp YoY to 93.5% due to better operating expense and E/I loss ratios.

Anicom Holdings (8715 JP): Q3 FY03/25 flash update

Japan

Anicom Holdings, Inc. is a holding company which was established through the merger of Anicom Insurance, Inc., Anicom Frontier, Inc., Anicom Pafe, Inc. The Company provides health insurance policies for pets and operates insurance agency through internet, personal visiting. Anicom Holdings also researches and provides pet business information.

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

Anicom Holdings (8715 JP)