Japan Experts, Extraordinary Performance, Astris Advisory Japan

Astris Advisory Japan

Japan Experts, Extraordinary Performance

Our Corporate Advisory service is designed to give clients access to a wider range of investors. These include Japan specialists as well as global investors. The goal is to help achieve a fair equity valuation.

Equity Bottom-Up

<ul><li>Geniee delivered accelerating double-digit growth in sales (+40.6% YoY) and normalized OP (+50.8% YoY) with its Q1-3 FY3/25 results.</li><li>The new Digital PR business (formed following the Social Wire acquisition) is in its early days, but there are signs that it is performing above. forecasts.</li><li>Coupled with accelerating growth and improving profitability in the Company’s Overseas and Marketing SaaS segment, we think Geniee is turning a corner on its growth trend. </li></ul>

Geniee delivered accelerating double-digit growth in sales (+40.6% YoY) and normalized OP (+50.8% YoY) with its Q1-3 FY3/25 results.The new Digital PR business (formed following the Social Wire acquisition) is in its early days, but there are signs that it is performing above. forecasts.Coupled with accelerating growth and improving profitability in the Company’s Overseas and Marketing SaaS segment, we think Geniee is turning a corner on its growth trend. 

Geniee (6562 JP) - SaaS Drives Accelerating Growth, M&A Adds Momentum

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>SilverCape has launched a hostile preconditional tender offer for <a href="https://www.smartkarma.com/entities/digital-holdings-inc" target="_blank" data-smartkarma-citation="entities:1697:1" rel="noopener">Digital Holdings Inc (2389 JP)</a> at JPY2,380, a 20.8% premium to the <a href="https://www.smartkarma.com/entities/hakuhodo-dy-holdings-inc" target="_blank" data-smartkarma-citation="entities:8736:1" rel="noopener">Hakuhodo Dy Holdings (2433 JP)</a> JPY1,970 offer. </li>
<li>The Board stonewalled SilverCape’s attempts to negotiate a friendly offer. SilverCape’s offer is based on EV/EBITDA multiples and will commence in late November.</li>
<li>The situation shares similarities with Soft99's contested offer. The Board is likely to oppose the SilverCape offer. Hakuhodo’s likely move will be to extend the close and disclose current acceptances. </li>
</ul>


SilverCape has launched a hostile preconditional tender offer for Digital Holdings Inc (2389 JP) at JPY2,380, a 20.8% premium to the Hakuhodo Dy Holdings (2433 JP) JPY1,970 offer. 
The Board stonewalled SilverCape’s attempts to negotiate a friendly offer. SilverCape’s offer is based on EV/EBITDA multiples and will commence in late November.
The situation shares similarities with Soft99's contested offer. The Board is likely to oppose the SilverCape offer. Hakuhodo’s likely move will be to extend the close and disclose current acceptances. 


Digital Holdings (2389 JP): SilverCape Counters with a Hostile Preconditional Offer

<ul>
<li>Geniee demonstrated high double-digit growth in sales (+36.3% YoY) and reported OP (+77.2% YoY) for Q1-2 FY3/25 results.</li>
<li>The acquisitive impact from the consolidation of Socialwire (3929) in July 2024 was positive, with a one-time ¥0.07bn gain related to disposing of a shared office operation.</li>
<li>Other income also benefitted by ¥0.32bn from the transition of JAPAN AI Co. from a consolidated subsidiary to an affiliate company due to capital-raising activities. </li>
</ul>


Geniee demonstrated high double-digit growth in sales (+36.3% YoY) and reported OP (+77.2% YoY) for Q1-2 FY3/25 results.
The acquisitive impact from the consolidation of Socialwire (3929) in July 2024 was positive, with a one-time ¥0.07bn gain related to disposing of a shared office operation.
Other income also benefitted by ¥0.32bn from the transition of JAPAN AI Co. from a consolidated subsidiary to an affiliate company due to capital-raising activities. 


Geniee (6562 JP) - Maintaining a Growth Profile

<ul><li>Earnings rebounding – Q1 FY3/25 results were positive with the company demonstrating sustained double-digit sales growth YoY, and strong underlying OP growth of 53.2% YoY.</li><li>Reported OP grew 633.7% YoY, a positive optic related to a one-time reversal of contingent consideration stemming from the acquisition of Zelto Inc.</li><li>Although the market environment remains challenging Overseas and investment into AI services lowered margins in the Marketing SaaS business, the earnings outlook remains positive given the company targeting positive OP in H2 FY3/25 for the Marketing SaaS business, and strengthening seasonality in advertising demand. </li></ul>

Earnings rebounding – Q1 FY3/25 results were positive with the company demonstrating sustained double-digit sales growth YoY, and strong underlying OP growth of 53.2% YoY.Reported OP grew 633.7% YoY, a positive optic related to a one-time reversal of contingent consideration stemming from the acquisition of Zelto Inc.Although the market environment remains challenging Overseas and investment into AI services lowered margins in the Marketing SaaS business, the earnings outlook remains positive given the company targeting positive OP in H2 FY3/25 for the Marketing SaaS business, and strengthening seasonality in advertising demand. 

Geniee (6562 JP) - A Positive Turnaround YoY

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.

<ul><li>Revenue reached JPY2.3bn (+26.2% YoY), gross profit JPY1.7bn (+26.5% YoY), and operating profit JPY816mn (+633.7% YoY).</li><li>Supply-side business revenue was JPY1.2bn (+24.4% YoY), with segment profit JPY581mn (+26.4% YoY) and increased enterprise client spend.</li><li>Geniee Marketing Cloud revenue was JPY859mn (+42.4% YoY), segment profit JPY25mn (-43.1% YoY), with a 44.7% YoY increase in paid clients.</li></ul>

Revenue reached JPY2.3bn (+26.2% YoY), gross profit JPY1.7bn (+26.5% YoY), and operating profit JPY816mn (+633.7% YoY).Supply-side business revenue was JPY1.2bn (+24.4% YoY), with segment profit JPY581mn (+26.4% YoY) and increased enterprise client spend.Geniee Marketing Cloud revenue was JPY859mn (+42.4% YoY), segment profit JPY25mn (-43.1% YoY), with a 44.7% YoY increase in paid clients.

Geniee Inc (6562 JP): Q1 FY03/25 report update

Japan

Geniee, Inc. operates advertising businesses. The Company provides internet advertising, advertising planning, and other services. Geniee provides services for advertisers, medias, and other customers.

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Geniee Inc (6562 JP)

Geniee (6562 JP) - SaaS Drives Accelerating Growth, M&A Adds Momentum

Geniee delivered accelerating double-digit growth in sales (+40.6% YoY) and normalized OP (+50.8% YoY) with its Q1-3 FY3/25 results.

Astris Advisory Japan

Digital Holdings (2389 JP): SilverCape Counters with a Hostile Preconditional Offer

The situation shares similarities with Soft99 tender. The Board is likely to oppose the SilverCape offer. Hakuhodo’s likely move will be to extend...

Arun George

Geniee (6562 JP) - Maintaining a Growth Profile

Geniee demonstrated high double-digit growth in sales (+36.3% YoY) and reported OP (+77.2% YoY) for Q1-2 FY3/25 results.

Astris Advisory Japan

Geniee (6562 JP) - A Positive Turnaround YoY

Earnings rebounding – Q1 FY3/25 results were positive with the company demonstrating sustained double-digit sales growth YoY, and strong underlying...

Astris Advisory Japan

Geniee Inc (6562 JP): Q1 FY03/25 report update

Revenue reached JPY2.3bn (+26.2% YoY), gross profit JPY1.7bn (+26.5% YoY), and operating profit JPY816mn (+633.7% YoY). Supply-side business...

Shared Research

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