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>Revenue decreased by 8.7% YoY to JPY11.0bn, with operating loss at JPY400mn and recurring loss at JPY462mn. </li><li>Gross merchandise value fell 13.1% YoY to JPY40.5bn, with orders and active users declining by 14.8% and 15.7%, respectively. </li><li>GPM increased to 28.1% YoY, while SG&A-to-revenue ratio decreased to 31.8% YoY, reflecting cost optimization efforts.</li></ul>

Revenue decreased by 8.7% YoY to JPY11.0bn, with operating loss at JPY400mn and recurring loss at JPY462mn. Gross merchandise value fell 13.1% YoY to JPY40.5bn, with orders and active users declining by 14.8% and 15.7%, respectively. GPM increased to 28.1% YoY, while SG&A-to-revenue ratio decreased to 31.8% YoY, reflecting cost optimization efforts.

Demae-Can Co., Ltd. (2484 JP): Q1 FY08/25 flash update

Expert on Japan Retail and Consumer Markets, JapanConsuming

Michael Causton

Expert on Japan Retail and Consumer Markets

Real Insight on Japanese Consumer Markets

JapanConsuming

JapanConsuming is a specialist research firm producing intelligence on Japanese retail and consumer markets. Founded in 2000, JapanConsuming has become the leading provider of insights on Japanese retailers and consumer trends to retailers, brands, government agencies and investors. As well as a highly regarded monthly report on the market, JapanConsuming produces in-depth reports on retail sectors, seminars on key trends and telephone consulting to investors on trends and retailers.

JapanConsuming was founded by Michael Causton and Roy Larke. 

<ul>
<li>Seven &amp; I will have its entire 7-11 chain online by 2025 and could use the service to bind all its food retail assets into a more coherent whole. </li>
<li>Rivals are doing the same thing through Uber Eats and other services, but Seven thinks its proprietary system will provide a long term advantage, especially in ease of use.</li>
<li>While Q-commerce deliveries from CVS are growing, the inherent proximity of stores to homes suggests an online adjunct is sub-optimal – but will be ideal for Seven's "new" SIP format.</li>
</ul>


Seven &amp; I will have its entire 7-11 chain online by 2025 and could use the service to bind all its food retail assets into a more coherent whole. 
Rivals are doing the same thing through Uber Eats and other services, but Seven thinks its proprietary system will provide a long term advantage, especially in ease of use.
While Q-commerce deliveries from CVS are growing, the inherent proximity of stores to homes suggests an online adjunct is sub-optimal – but will be ideal for Seven's "new" SIP format.


Seven & I Finally Making E-Commerce Work? 7Now at 5,000 Stores and Perfect for SIP

<ul>
<li>Quick (Q)-commerce continues to grow, with rapid home delivery providing a new level of convenience to meet demand from busy, urban consumers.  </li>
<li>Z Holdings’ team of Yahoo, Askul and Demae-can have run what is now called Yahoo Mart since 2020 which has opened its first three retail stores, a new omnichannel model.</li>
<li>Given the data analysis and supply chain power of its backers, these stores could quickly become a thorn in the side of the big convenience store chains.</li>
</ul>


Quick (Q)-commerce continues to grow, with rapid home delivery providing a new level of convenience to meet demand from busy, urban consumers.  
Z Holdings’ team of Yahoo, Askul and Demae-can have run what is now called Yahoo Mart since 2020 which has opened its first three retail stores, a new omnichannel model.
Given the data analysis and supply chain power of its backers, these stores could quickly become a thorn in the side of the big convenience store chains.


Yahoo Mart's Q-Conbini Stores: A Potential Competitor to the Big 3 CVS?

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

Independent Leading Corporate Governance Research

Metrical Inc

METRICAL INC. is an independent leading Corporate Governance research firm in Japan where Corporate Governance is increasingly recognized as an important element on corporate management in these days. Thus, CG research and solutions would become an essential component of global capital markets and play important to contribute to transparency of the markets and maximize shareholders’ value in Japan. 

METRICAL INC. provides Corporate Governance research and analysis including rating services, and  also offers investment research and IR services with solutions and customized profound research on CG and IR issues.

<ul>
<li>The E-Commerce Model, which is a source of revenue, is seeing a decline in profit margins while marketing costs remain high.</li>
<li>In the Delivery Model, the profitability of Outsourced Delivery is improving, but it has yet to break even. Demae-Can intends to seek opportunities in retail delivery to accelerate break-even process.</li>
<li>Demae-Can plans to achieve the operating loss for FY8/2022 to 50 billion yen, but hasn't indicated when it returns to black-ink due to the competitive environment in food delivery business.</li>
</ul>


The E-Commerce Model, which is a source of revenue, is seeing a decline in profit margins while marketing costs remain high.
In the Delivery Model, the profitability of Outsourced Delivery is improving, but it has yet to break even. Demae-Can intends to seek opportunities in retail delivery to accelerate break-even process.
Demae-Can plans to achieve the operating loss for FY8/2022 to 50 billion yen, but hasn't indicated when it returns to black-ink due to the competitive environment in food delivery business.


Japan's Governance: Demae-Can (2484) 2QFY8/2022 Briefing

Telco/Internet specialist

Kirk Boodry

Redex Research

<ul>
<li>Q3 21 in-line for revenue but well ahead for EBITDA on solid advertising growth leading to an upgrade in management's full-year EBITDA target.</li>
<li>Operational results were encouraging with double-digit gains in ad sales and 7% eCommerce growth despite strong year-ago comps.</li>
<li>Impairment losses for equity associate Demae-Can sting but the overall story is positive.</li>
</ul>


Q3 21 in-line for revenue but well ahead for EBITDA on solid advertising growth leading to an upgrade in management's full-year EBITDA target.
Operational results were encouraging with double-digit gains in ad sales and 7% eCommerce growth despite strong year-ago comps.
Impairment losses for equity associate Demae-Can sting but the overall story is positive.


Z Holdings (Buy) Q3 21 Results Reaction: Mostly Positive as Ad Sales Continues to Impress

Japan

Demae-can Co., Ltd. operates websites offering comprehensive delivery services.  The Company's websites allow users to order food, dry cleaning, and repair and recycling services through the Internet.

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

Demae-Can Co., Ltd. (2484 JP)