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

Core Concept Technologies Inc / Equity Bottom-Up

<ul><li>Revenue increased by 13.6% YoY to JPY5.0bn, while gross profit rose by 13.2% YoY to JPY1.4bn.</li><li>Operating profit reached JPY599mn, a 6.5% YoY increase, with recurring profit and net income up by 4.8% and 3.6%, respectively.</li><li>Achievement rates for FY12/25 forecast were 23.1% for revenue, 26.0% for operating profit, and 26.4% for net income.</li></ul>

Revenue increased by 13.6% YoY to JPY5.0bn, while gross profit rose by 13.2% YoY to JPY1.4bn.Operating profit reached JPY599mn, a 6.5% YoY increase, with recurring profit and net income up by 4.8% and 3.6%, respectively.Achievement rates for FY12/25 forecast were 23.1% for revenue, 26.0% for operating profit, and 26.4% for net income.

Core Concept Technologies Inc (4371 JP): Q1 FY12/25 flash update

<ul><li>FY12/23 revenue increased 20.4% YoY to JPY19.2bn, with gross profit rising 16.3% YoY to JPY5.0bn. </li><li>CCT acquired three companies to enhance DX support services and signed a partnership with SAP Japan. </li><li>FY12/25 forecast: revenue JPY21.8bn (+13.7% YoY), operating profit JPY2.3bn (+14.6% YoY), net income JPY1.6bn (+9.5% YoY). </li></ul>

FY12/23 revenue increased 20.4% YoY to JPY19.2bn, with gross profit rising 16.3% YoY to JPY5.0bn. CCT acquired three companies to enhance DX support services and signed a partnership with SAP Japan. FY12/25 forecast: revenue JPY21.8bn (+13.7% YoY), operating profit JPY2.3bn (+14.6% YoY), net income JPY1.6bn (+9.5% YoY). 

Core Concept Technologies Inc (4371 JP): Full-year FY12/24 flash update

<ul><li>FY12/23 results: Revenue JPY14.3bn (+23.5% YoY), Gross profit JPY3.9bn (+26.2% YoY), Net income JPY1.1bn (+14.8% YoY).</li><li>FY12/24 revised forecast: Revenue JPY19.1bn (+20.0% YoY), Operating profit JPY2.0bn (+14.7% YoY), EPS JPY77.94.</li><li>Q3 FY12/24 underperformance due to fewer DX leads, ERP implementation issues, and increased personnel costs.</li></ul>

FY12/23 results: Revenue JPY14.3bn (+23.5% YoY), Gross profit JPY3.9bn (+26.2% YoY), Net income JPY1.1bn (+14.8% YoY).FY12/24 revised forecast: Revenue JPY19.1bn (+20.0% YoY), Operating profit JPY2.0bn (+14.7% YoY), EPS JPY77.94.Q3 FY12/24 underperformance due to fewer DX leads, ERP implementation issues, and increased personnel costs.

Core Concept Technologies Inc (4371 JP): Q3 FY12/24 flash update

<ul><li>Revenue increased to JPY9.2bn (+22.4% YoY), gross profit to JPY2.5bn (+31.4% YoY), and net income to JPY1.1bn (+26.8% YoY).</li><li>In 1H FY12/24, CCT acquired three companies to enhance DX support services and signed a partnership with SAP Japan.</li><li>DX support business revenue grew 19.9% YoY to JPY4.3bn, IT staffing support revenue increased 24.7% YoY to JPY4.9bn.</li></ul>

Revenue increased to JPY9.2bn (+22.4% YoY), gross profit to JPY2.5bn (+31.4% YoY), and net income to JPY1.1bn (+26.8% YoY).In 1H FY12/24, CCT acquired three companies to enhance DX support services and signed a partnership with SAP Japan.DX support business revenue grew 19.9% YoY to JPY4.3bn, IT staffing support revenue increased 24.7% YoY to JPY4.9bn.

Core Concept Technologies Inc (4371 JP): 1H FY12/24 flash update

Index Rebal Trades & Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal Trades & Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Event-Driven

<ul>
<li>Quiddity's "<strong>Who is Ready</strong>" 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>In the last few days, <a href="https://www.smartkarma.com/entities/sunwels-co-ltd" target="_blank" data-smartkarma-citation="entities:43702:1" rel="noopener">SUNWELS Co (9229 JP)</a> and <a href="https://www.smartkarma.com/entities/macbee-planet-inc" target="_blank" data-smartkarma-citation="entities:39863:1" rel="noopener">Macbee Planet (7095 JP)</a> have announced their moves to TSE prime which would eventually trigger a TOPIX Inclusion event.</li>
<li>
<a href="https://www.smartkarma.com/entities/macbee-planet-inc" target="_blank" data-smartkarma-citation="entities:39863:1" rel="noopener">Macbee Planet</a> was in our highest conviction list but <a href="https://www.smartkarma.com/entities/sunwels-co-ltd" target="_blank" data-smartkarma-citation="entities:43702:1" rel="noopener">SUNWELS Co</a> was not. In this insight, we have made some modifications to our methodology to improve future hit rates.</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.
In the last few days, SUNWELS Co (9229 JP) and Macbee Planet (7095 JP) have announced their moves to TSE prime which would eventually trigger a TOPIX Inclusion event.

Macbee Planet was in our highest conviction list but SUNWELS Co was not. In this insight, we have made some modifications to our methodology to improve future hit rates.


TOPIX Inclusions: Who Is Ready (July 2024)

Japan

Core Concept Technologies Inc. offers information technology services. The Company provides digital transformation supporting, information technology human resources procurement supporting, and other services. Core Concept Technologies provides its services throughout Japan.

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Core Concept Technologies Inc (4371 JP)