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 reached JPY143.0bn (+6.0% YoY), with operating profit at JPY13.3bn (+24.2% YoY) and net income JPY9.0bn (+24.7% YoY).</li><li>Revised FY12/25 forecast: Sales JPY178.0bn, operating profit JPY8.0bn, recurring profit JPY8.6bn, net income JPY5.3bn, special dividend JPY5.</li><li>Household Products sales JPY126.2bn (+5.3% YoY), General Environment and Sanitation sales JPY25.8bn (+6.9% YoY), Protoleaf consolidation.</li></ul>

Sales reached JPY143.0bn (+6.0% YoY), with operating profit at JPY13.3bn (+24.2% YoY) and net income JPY9.0bn (+24.7% YoY).Revised FY12/25 forecast: Sales JPY178.0bn, operating profit JPY8.0bn, recurring profit JPY8.6bn, net income JPY5.3bn, special dividend JPY5.Household Products sales JPY126.2bn (+5.3% YoY), General Environment and Sanitation sales JPY25.8bn (+6.9% YoY), Protoleaf consolidation.

Earth Chemical (4985 JP): Q3 FY12/25 flash update

<ul><li>Sales reached JPY44.8bn (+6.5% YoY), with Household Products at JPY40.7bn (+4.8% YoY) and General Environment at JPY7.7bn (+8.5% YoY).</li><li>Operating profit rose to JPY6.3bn (+25.9% YoY), with Household Products at JPY6.1bn (+27.3% YoY) and General Environment at JPY212mn (-26.9% YoY).</li><li>Q1 progress against FY12/25 forecast: sales 25.6%, operating profit 96.4%, recurring profit 86.7%, net income 108.8%.</li></ul>

Sales reached JPY44.8bn (+6.5% YoY), with Household Products at JPY40.7bn (+4.8% YoY) and General Environment at JPY7.7bn (+8.5% YoY).Operating profit rose to JPY6.3bn (+25.9% YoY), with Household Products at JPY6.1bn (+27.3% YoY) and General Environment at JPY212mn (-26.9% YoY).Q1 progress against FY12/25 forecast: sales 25.6%, operating profit 96.4%, recurring profit 86.7%, net income 108.8%.

Earth Chemical (4985 JP): Q1 FY12/25 flash update

<ul><li>Sales were JPY169.3bn (+6.9% YoY), operating profit JPY6.4bn (+0.9% YoY), net income JPY3.5bn (-15.3% YoY).</li><li>FY12/25 forecast: sales JPY175.0bn (+3.4% YoY), operating profit JPY6.5bn (+1.2% YoY), net income JPY4.3bn (+23.7% YoY).</li><li>Company plans JPY1.5bn expense for structural reforms, maintaining annual dividend of JPY120 per share for FY12/25.</li></ul>

Sales were JPY169.3bn (+6.9% YoY), operating profit JPY6.4bn (+0.9% YoY), net income JPY3.5bn (-15.3% YoY).FY12/25 forecast: sales JPY175.0bn (+3.4% YoY), operating profit JPY6.5bn (+1.2% YoY), net income JPY4.3bn (+23.7% YoY).Company plans JPY1.5bn expense for structural reforms, maintaining annual dividend of JPY120 per share for FY12/25.

Earth Chemical (4985 JP): Full-year FY12/24 flash update

Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Quantitative Analysis

<ul>
<li>We analyzed the changes in margin trading positions of JPX stocks as of Jun 20th. The aggregated net margin trading position is USD17,331m.</li>
<li>We tabulate league tables for top/bottom net long/short of margin trading by value, net margin buy as multiple of ADT.</li>
<li>We highlight net margin buy/sell changes in Advantest, Disco, Mitsubishi Heavy Industries, Lasertec, Skylark, Isuzu Motors, Softbank, Joyful Honda, Nippon Steel, Mitsubishi Ufj Financial.</li>
</ul>


We analyzed the changes in margin trading positions of JPX stocks as of Jun 20th. The aggregated net margin trading position is USD17,331m.
We tabulate league tables for top/bottom net long/short of margin trading by value, net margin buy as multiple of ADT.
We highlight net margin buy/sell changes in Advantest, Disco, Mitsubishi Heavy Industries, Lasertec, Skylark, Isuzu Motors, Softbank, Joyful Honda, Nippon Steel, Mitsubishi Ufj Financial.


JPX Margin Trading Weekly (Jun 20th): Advantest, Disco, Mitsubishi Heavy Industries, Lasertec

<ul><li>Sales reached JPY134.9bn (+6.4% YoY), driven by strong household insecticide sales and favorable weather conditions.</li><li>Operating profit was JPY10.7bn (+15.9% YoY), with Household Products contributing JPY9.1bn (+20.5% YoY) to this increase.</li><li>Revised FY12/24 forecast includes sales of JPY168.0bn and operating profit of JPY6.0bn, exceeding initial expectations.</li></ul>

Sales reached JPY134.9bn (+6.4% YoY), driven by strong household insecticide sales and favorable weather conditions.Operating profit was JPY10.7bn (+15.9% YoY), with Household Products contributing JPY9.1bn (+20.5% YoY) to this increase.Revised FY12/24 forecast includes sales of JPY168.0bn and operating profit of JPY6.0bn, exceeding initial expectations.

Earth Chemical (4985 JP): Q3 FY12/24 flash update, revison of full-year earnings forecast  

Japan

Earth Corporation manufactures pharmaceuticals. The Company mainly produces and sells quasi-drugs, medical tools, and more. Earth also offers import and export services.

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

Earth Chemical (4985 JP)