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 for Q1 FY11/25 was JPY8.3bn, flat YoY, with operating profit at JPY798mn, down 41.5% YoY.</li><li>The number of sales representatives increased to 2,546, while policy transfer agreements decreased to 4,981, down 27,362 YoY.</li><li>New policies totaled 56,931, down 1.1% YoY, with new customers at 35,339, up 0.7% YoY.</li></ul>

Revenue for Q1 FY11/25 was JPY8.3bn, flat YoY, with operating profit at JPY798mn, down 41.5% YoY.The number of sales representatives increased to 2,546, while policy transfer agreements decreased to 4,981, down 27,362 YoY.New policies totaled 56,931, down 1.1% YoY, with new customers at 35,339, up 0.7% YoY.

FP Partner (7388 JP): Q1 FY11/25 flash update

<ul><li>FY11/24 revenue was JPY35.6bn (+16.6% YoY), operating profit JPY5.3bn (-4.0% YoY), with EPS at JPY169.85. </li><li>FY11/25 forecasts JPY40.2bn revenue (+13.0% YoY), JPY6.1bn operating profit (+15.0% YoY), and JPY175.89 EPS. </li><li>Company plans growth investments, 700 new hires, and aims for 100,000 policy transfers in FY11/25.</li></ul>

FY11/24 revenue was JPY35.6bn (+16.6% YoY), operating profit JPY5.3bn (-4.0% YoY), with EPS at JPY169.85. FY11/25 forecasts JPY40.2bn revenue (+13.0% YoY), JPY6.1bn operating profit (+15.0% YoY), and JPY175.89 EPS. Company plans growth investments, 700 new hires, and aims for 100,000 policy transfers in FY11/25.

FP Partner (7388 JP): Full-year FY11/24 flash update

<ul><li>Revenue for cumulative Q3 FY11/24 reached JPY27.0bn, a 17.7% YoY increase, achieving 75.7% of the full-year forecast. </li><li>Operating profit decreased by 3.1% YoY to JPY4.4bn, with a shift towards foreign currency-denominated products impacting margins. </li><li>Full-year forecasts for operating profit, recurring profit, and net income were revised downward due to sales mix changes.</li></ul>

Revenue for cumulative Q3 FY11/24 reached JPY27.0bn, a 17.7% YoY increase, achieving 75.7% of the full-year forecast. Operating profit decreased by 3.1% YoY to JPY4.4bn, with a shift towards foreign currency-denominated products impacting margins. Full-year forecasts for operating profit, recurring profit, and net income were revised downward due to sales mix changes.

FP Partner (7388 JP): Q3 FY11/24 flash update

<ul><li>Revenue was JPY17.1bn (+17.6% YoY), with life insurance commission revenue at JPY16.4bn (+18.2% YoY).</li><li>Operating profit was JPY2.7bn (-0.2% YoY), with an OPM decrease of 2.8pp YoY to 15.7%.</li><li>Acquisition of 333,000 treasury shares for JPY1.0bn, with cancellation scheduled for August 30, 2024.</li></ul>

Revenue was JPY17.1bn (+17.6% YoY), with life insurance commission revenue at JPY16.4bn (+18.2% YoY).Operating profit was JPY2.7bn (-0.2% YoY), with an OPM decrease of 2.8pp YoY to 15.7%.Acquisition of 333,000 treasury shares for JPY1.0bn, with cancellation scheduled for August 30, 2024.

FP Partner (7388 JP): 1H FY11/24 flash update

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>The TOPIX October Free Float Weight Review details are out. This is the biggest FFW review of the year. This year, it's $11.3bn a side. </li>
<li>As discussed in <a href="https://www.smartkarma.com/insights/japan-post-bank-7182-the-october-topix-ffw-adjustment" target="_blank" data-smartkarma-citation="insights:110290" rel="noopener">Japan Post Bank (7182) - The October TOPIX FFW Adjustment</a>, JPB is the big buy. $2bn/23d of ADV. There is $2bn to buy of trading cos too.</li>
<li>There are lots of large names to trade in both directions. If you have interests to sell the buys and vice versa, it is good to know the flows.</li>
</ul>


The TOPIX October Free Float Weight Review details are out. This is the biggest FFW review of the year. This year, it's $11.3bn a side. 
As discussed in Japan Post Bank (7182) - The October TOPIX FFW Adjustment, JPB is the big buy. $2bn/23d of ADV. There is $2bn to buy of trading cos too.
There are lots of large names to trade in both directions. If you have interests to sell the buys and vice versa, it is good to know the flows.


October 2023 TOPIX Free Float Review - $22.6bn to Trade and JPB (7182) The Biggie

Japan

FP Partner Inc. offers financial services. The Company provides financial planning, insurance marketing and consulting, insurance agency, and other services. FP Partner also offers consultation site operation.

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FP Partner (7388 JP)