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 were JPY47.9bn (+7.0% YoY), operating profit JPY6.3bn (+1.1% YoY), net income JPY4.5bn (-4.7% YoY).</li><li>Household Products sales JPY43.0bn (+5.6% YoY), General Environment and Sanitation sales JPY8.4bn (+8.9% YoY).</li><li>Gardening products sales JPY2.5bn (+96.3% YoY), driven by demand for insecticides, herbicides, and gardening soil.</li></ul>

Sales were JPY47.9bn (+7.0% YoY), operating profit JPY6.3bn (+1.1% YoY), net income JPY4.5bn (-4.7% YoY).Household Products sales JPY43.0bn (+5.6% YoY), General Environment and Sanitation sales JPY8.4bn (+8.9% YoY).Gardening products sales JPY2.5bn (+96.3% YoY), driven by demand for insecticides, herbicides, and gardening soil.

Earth Chemical (4985 JP): Q1 FY12/26 flash update

<ul><li>Sales were JPY179.2bn (+5.9% YoY), operating profit JPY8.1bn (+25.9% YoY), and net income JPY5.2bn (+50.7% YoY).</li><li>Achievement rates versus revised FY12/25 forecast: sales 100.7%, operating profit 101.1%, recurring profit 103.4%, net income 98.8%.</li><li>FY12/26 forecast: sales JPY188.0bn (+4.9% YoY), operating profit JPY9.0bn (+11.3% YoY), dividend JPY130 per share.</li></ul>

Sales were JPY179.2bn (+5.9% YoY), operating profit JPY8.1bn (+25.9% YoY), and net income JPY5.2bn (+50.7% YoY).Achievement rates versus revised FY12/25 forecast: sales 100.7%, operating profit 101.1%, recurring profit 103.4%, net income 98.8%.FY12/26 forecast: sales JPY188.0bn (+4.9% YoY), operating profit JPY9.0bn (+11.3% YoY), dividend JPY130 per share.

Earth Chemical (4985 JP): Full-year FY12/25 flash update

<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

'Quantamental' Japan Specialist, LightStream Research

Campbell Gunn

'Quantamental' Japan Specialist

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Thematic (Sector/Industry)

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<div class="content-caption">Source • Japan Analytics</div>
<p><strong>STAYIN' HOME</strong> - Only two companies saw their Results &amp; Revision Scores improve quarter-on-quarter amongst the thirteen that reported - <a href="https://www.smartkarma.com/entities/dcm-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:13042:1" rel="noopener">DCM (3050 JP)</a> and <a href="https://www.smartkarma.com/entities/keiyo-co-ltd" target="_blank" data-smartkarma-citation="entities:14415:1" rel="noopener">Keiyo (8168 JP),</a> both Retail Home Centers. Revenues rose by 9% and 10% and operating margins increases by 0.9 and 4.0 points, respectively. All other retail formats other than grocery stores have suffered as expected, with <a href="https://www.smartkarma.com/entities/shimamura-co-ltd" target="_blank" data-smartkarma-citation="entities:15213:1" rel="noopener">Shimamura (8227 JP)</a>, <a href="https://www.smartkarma.com/entities/asahi-co-ltd" target="_blank" data-smartkarma-citation="entities:16460:1" rel="noopener">Asahi (3333 JP)</a>, and <a href="https://www.smartkarma.com/entities/j-front-retailing-co-ltd" target="_blank" data-smartkarma-citation="entities:8947:1" rel="noopener">J Front Retailing (3086 JP)</a> being Monday's examples.</p>
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<p style="text-align: center;"><strong>DAILY STATS</strong></p>
</div>
<div>
<p style="text-align: center;"><strong>13 Quarterly Results</strong></p>
</div>
<div>
<ul>
<li>
<strong>Results Score</strong>: 2 Positive / 11 Negative</li>
<li>
<strong>Average Results Score Change</strong>:-6.2</li>
<li>
<strong>Average % Change in Revenue:</strong> -13.5% Quarter YoY / -1.0% Rolling TTM YoY</li>
<li>
<strong>Average Operating Profit Margin Change:</strong> -1.9ppt</li>
</ul>
</div>
<hr>
<div>
<p style="text-align: center;"><strong><br>6 Annual 3 Interim Forecasts/Revisions</strong></p>
</div>
<div>
<ul>
<li>Annual Forecast/Revision Score: 3 Positive / 3 Negative</li>
<li>Interim Forecast/Revision Score Change: 1 Positive / 2 Negative</li>
<li>Average Forecast/Revision Score Change: -0.4</li>
</ul>
</div>



Source • Japan Analytics
STAYIN' HOME - Only two companies saw their Results &amp; Revision Scores improve quarter-on-quarter amongst the thirteen that reported - DCM (3050 JP) and Keiyo (8168 JP), both Retail Home Centers. Revenues rose by 9% and 10% and operating margins increases by 0.9 and 4.0 points, respectively. All other retail formats other than grocery stores have suffered as expected, with Shimamura (8227 JP), Asahi (3333 JP), and J Front Retailing (3086 JP) being Monday's examples.


DAILY STATS


13 Quarterly Results




Results Score: 2 Positive / 11 Negative

Average Results Score Change:-6.2

Average % Change in Revenue: -13.5% Quarter YoY / -1.0% Rolling TTM YoY

Average Operating Profit Margin Change: -1.9ppt




 6 Annual 3 Interim Forecasts/Revisions



Annual Forecast/Revision Score: 3 Positive / 3 Negative
Interim Forecast/Revision Score Change: 1 Positive / 2 Negative
Average Forecast/Revision Score Change: -0.4



🇯🇵 JAPAN • Results & Revisions 29th June -Stayin' Home

Asia Pac ECM and Index Rebal, DZT Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

DZT Research

DZT Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analyzed the changes in margin trading positions of JPX stocks as of Dec 26th. The aggregated net margin trading position is USD17,571m.</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 Skylark, Tokyo Electron, Disco, McDonald's, Canon, Japan Tobacco, Rakuten, Pan Pacific International, Advantest, Furukawa Electric, Skylark, Tokyo Electron, Disco, Mcdonald'S, Canon.</li>
</ul>


We analyzed the changes in margin trading positions of JPX stocks as of Dec 26th. The aggregated net margin trading position is USD17,571m.
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 Skylark, Tokyo Electron, Disco, McDonald's, Canon, Japan Tobacco, Rakuten, Pan Pacific International, Advantest, Furukawa Electric, Skylark, Tokyo Electron, Disco, Mcdonald'S, Canon.


JPX Margin Trading Weekly (Dec 26th): Skylark, Tokyo Electron, Disco, McDonald's, Canon

Japan

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

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Earth Chemical (4985 JP)