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>Sales increased 23.5% YoY to JPY7.8bn, driven by monthly parking services with a 93.5% occupancy rate.</li><li>Operating profit rose 19.9% YoY to JPY1.4bn, despite a 0.5pp decline in operating profit margin to 17.8%.</li><li>Visualization segment sales grew 20.6% YoY to JPY138mn, with segment profit improving to JPY19mn from a JPY5mn loss.</li></ul>

Sales increased 23.5% YoY to JPY7.8bn, driven by monthly parking services with a 93.5% occupancy rate.Operating profit rose 19.9% YoY to JPY1.4bn, despite a 0.5pp decline in operating profit margin to 17.8%.Visualization segment sales grew 20.6% YoY to JPY138mn, with segment profit improving to JPY19mn from a JPY5mn loss.

<ul><li>Sales increased by 24.7% YoY to JPY3.7bn, driven by parking-related services, with a 92.9% occupancy rate.</li><li>Operating profit rose 25.4% YoY to JPY632mn, with SG&A expenses increasing 16.9% YoY to JPY839mn.</li><li>Visualization segment sales grew 42.8% YoY to JPY67mn, with segment profit of JPY12mn, reversing a prior loss.</li></ul>

Sales increased by 24.7% YoY to JPY3.7bn, driven by parking-related services, with a 92.9% occupancy rate.Operating profit rose 25.4% YoY to JPY632mn, with SG&A expenses increasing 16.9% YoY to JPY839mn.Visualization segment sales grew 42.8% YoY to JPY67mn, with segment profit of JPY12mn, reversing a prior loss.

<ul><li>FY09/25 sales reached JPY13.5bn (+27.9% YoY) with operating profit at JPY2.6bn (+43.0% YoY) and net income JPY1.8bn (+42.2% YoY).</li><li>FY09/26 forecasts sales of JPY17.0bn (+26.1% YoY) and operating profit of JPY3.2bn (+20.5% YoY), focusing on AI and IT enhancements.</li><li>Medium-Term Management Plan 2030 targets sales of JPY50.0bn and operating profit of JPY12.5bn, leveraging AI and IT for growth.</li></ul>

FY09/25 sales reached JPY13.5bn (+27.9% YoY) with operating profit at JPY2.6bn (+43.0% YoY) and net income JPY1.8bn (+42.2% YoY).FY09/26 forecasts sales of JPY17.0bn (+26.1% YoY) and operating profit of JPY3.2bn (+20.5% YoY), focusing on AI and IT enhancements.Medium-Term Management Plan 2030 targets sales of JPY50.0bn and operating profit of JPY12.5bn, leveraging AI and IT for growth.

Azoom (3496 JP): Full-year FY09/25 flash update

<ul><li>Sales increased by 28.2% YoY to JPY9.7bn, driven by the Idle Asset Utilization business, particularly parking services.</li><li>Operating profit rose 35.4% YoY to JPY1.7bn, with a 0.9pp improvement in OPM to 17.5%.</li><li>The company raised its FY09/25 sales forecast to JPY13.4bn, reflecting strong subleasing service performance and tax incentives.</li></ul>

Sales increased by 28.2% YoY to JPY9.7bn, driven by the Idle Asset Utilization business, particularly parking services.Operating profit rose 35.4% YoY to JPY1.7bn, with a 0.9pp improvement in OPM to 17.5%.The company raised its FY09/25 sales forecast to JPY13.4bn, reflecting strong subleasing service performance and tax incentives.

Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Index Rebalance

<ul>
<li>Quiddity's "Who is Ready" series of insights aims to objectively identify names listed on the Tokyo Stock Exchange that are potential additions to the TOPIX Index in future.</li>
<li>At the end of July 2025, <a href="https://www.smartkarma.com/entities/gmo-financial-gate-inc" target="_blank" data-smartkarma-citation="entities:35234:1" rel="noopener">GMO Financial Gate (4051 JP)</a> and <a href="https://www.smartkarma.com/entities/azoom-co-ltd" target="_blank" data-smartkarma-citation="entities:32232:1" rel="noopener">Azoom (3496 JP)</a> will be included in the TOPIX Index.</li>
<li>Newly-Listed company <a href="https://www.smartkarma.com/entities/kitazato-corp" target="_blank" data-smartkarma-citation="entities:45255:1" rel="noopener">Kitazato (368A JP)</a> will also be included in the TOPIX index at the end of this month.</li>
</ul>


Quiddity's "Who is Ready" series of insights aims to objectively identify names listed on the Tokyo Stock Exchange that are potential additions to the TOPIX Index in future.
At the end of July 2025, GMO Financial Gate (4051 JP) and Azoom (3496 JP) will be included in the TOPIX Index.
Newly-Listed company Kitazato (368A JP) will also be included in the TOPIX index at the end of this month.


TOPIX Inclusions: Who Is Ready (Jul 2025)

Japan

AZOOM Co.,Ltd offers parking management services. The Company provides outsourced parking lot operations for property owners. AZOOM also conducts Internet media development, real estate marketing, and other businesses.

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Azoom (3496 JP)

Azoom (3496 JP): 1H FY09/26 flash update

Sales increased 23.5% YoY to JPY7.8bn, driven by monthly parking services with a 93.5% occupancy rate. Operating profit rose 19.9% YoY to...

Shared Research

Azoom (3496 JP): Q1 FY09/26 flash update

Sales increased by 24.7% YoY to JPY3.7bn, driven by parking-related services, with a 92.9% occupancy rate. Operating profit rose 25.4% YoY to...

Shared Research

Azoom (3496 JP): Full-year FY09/25 flash update

FY09/25 sales reached JPY13.5bn (+27.9% YoY) with operating profit at JPY2.6bn (+43.0% YoY) and net income JPY1.8bn (+42.2% YoY). FY09/26...

Shared Research

Azoom (3496 JP): Q3 FY09/25 flash update

Sales increased by 28.2% YoY to JPY9.7bn, driven by the Idle Asset Utilization business, particularly parking services. Operating profit rose...

Shared Research

TOPIX Inclusions: Who Is Ready (Jul 2025)

There are three TOPIX Inclusions at the end of July 2025. There will also be more index flows due to FFW adjustments. Core concept technologies...

Janaghan Jeyakumar, CFA

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