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>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 Trades & Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal Trades & 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)

<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>
<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> have confirmed their moves to the Prime Market which would trigger TOPIX Inclusions for these names at the end of July.</li>
<li>
<a href="https://www.smartkarma.com/entities/kitazato-corp" target="_blank" data-smartkarma-citation="entities:45255:1" rel="noopener">Kitazato (368A JP)</a> is expected to get listed in the Prime market in late-June and that name would also have a TOPIX Inclusion at the end of July. </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.

GMO Financial Gate (4051 JP) and Azoom (3496 JP) have confirmed their moves to the Prime Market which would trigger TOPIX Inclusions for these names at the end of July.

Kitazato (368A JP) is expected to get listed in the Prime market in late-June and that name would also have a TOPIX Inclusion at the end of July. 


TOPIX Inclusions: Who Is Ready (Jun 2025)

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Equity Capital Markets

<ul>
<li>On Friday 6 June, <a href="https://www.smartkarma.com/entities/azoom-co-ltd" target="_blank" data-smartkarma-citation="entities:32232:1" rel="noopener">Azoom (3496 JP)</a> announced it would conduct an offering (small issuance of new shares, some Treasury shares, larger selldown by the main shareholder).</li>
<li>That comes in conjunction with a transfer to TSE Prime from TSE Growth, which itself leads to a TOPIX Inclusion trade next month. </li>
<li>The company has decided to tack on a special dividend for this year, on top of growth and more liquidity. None of this is especially bad.</li>
</ul>


On Friday 6 June, Azoom (3496 JP) announced it would conduct an offering (small issuance of new shares, some Treasury shares, larger selldown by the main shareholder).
That comes in conjunction with a transfer to TSE Prime from TSE Growth, which itself leads to a TOPIX Inclusion trade next month. 
The company has decided to tack on a special dividend for this year, on top of growth and more liquidity. None of this is especially bad.


[Japan ECM/Index] Azoom (3496) Offering to Enable Move to TOPIX

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): 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

TOPIX Inclusions: Who Is Ready (Jun 2025)

There are currently 121 names that satisfy all 5 key Segment Transfer requirements based on current data. Another 140 names can satisfy 4 out of 5...

Janaghan Jeyakumar, CFA

[Japan ECM/Index] Azoom (3496) Offering to Enable Move to TOPIX

Azoom (3496) is moving from TSE Growth to TSE Prime. That will get it into TOPIX in July and that will lead to more passive buying later. The big...

Travis Lundy

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