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>IDOM's 1H FY02/26 sales reached JPY273.1bn (+9.4% YoY), with record-high retail units sold, despite declining gross profit per unit.</li><li>Operating profit was JPY8.5bn (-15.8% YoY), with SG&A expenses at JPY36.3bn (+6.2% YoY) due to new store openings.</li><li>Progress rates against revised 1H forecasts were near 100% for sales, operating profit, recurring profit, and net income.</li></ul>

IDOM's 1H FY02/26 sales reached JPY273.1bn (+9.4% YoY), with record-high retail units sold, despite declining gross profit per unit.Operating profit was JPY8.5bn (-15.8% YoY), with SG&A expenses at JPY36.3bn (+6.2% YoY) due to new store openings.Progress rates against revised 1H forecasts were near 100% for sales, operating profit, recurring profit, and net income.

IDOM Inc (7599 JP): 1H FY02/26 flash update

<ul><li>IDOM's Q1 FY02/26 sales reached JPY138.5bn (+11.2% YoY), with record-high retail units sold despite declining auction prices.</li><li>Operating profit decreased to JPY3.9bn (-12.3% YoY), with SG&A expenses rising due to new store openings and increased personnel costs.</li><li>Domestic directly managed stores sold 83,714 units (+2.1% YoY), with retail sales up 12.9% YoY and wholesale sales down 7.6% YoY.</li></ul>

IDOM's Q1 FY02/26 sales reached JPY138.5bn (+11.2% YoY), with record-high retail units sold despite declining auction prices.Operating profit decreased to JPY3.9bn (-12.3% YoY), with SG&A expenses rising due to new store openings and increased personnel costs.Domestic directly managed stores sold 83,714 units (+2.1% YoY), with retail sales up 12.9% YoY and wholesale sales down 7.6% YoY.

IDOM Inc (7599 JP): Q1 FY02/26 flash update

<ul><li>In cumulative Q3 FY02/25, sales increased by JPY72.8bn (23.7% YoY), driven by large store operations and retail sales.</li><li>Operating profit rose by JPY4.2bn (+39.1% YoY), with gross profit per retail unit increasing to JPY440,000 (+40,000 YoY).</li><li>SG&A expenses rose due to personnel costs and rent from large store openings, impacting operating profit downward by JPY4.7bn.</li></ul>

In cumulative Q3 FY02/25, sales increased by JPY72.8bn (23.7% YoY), driven by large store operations and retail sales.Operating profit rose by JPY4.2bn (+39.1% YoY), with gross profit per retail unit increasing to JPY440,000 (+40,000 YoY).SG&A expenses rose due to personnel costs and rent from large store openings, impacting operating profit downward by JPY4.7bn.

IDOM Inc (7599 JP): Q3 FY02/25 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 Jul 18th. The aggregated net margin trading position is USD17,250m.</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 Lasertec, Fujikura, Advantest, Sanrio, Ihi, Fast Retailing, Softbank, Seven &amp; I, Mitsubishi Ufj Financial, Mitsubishi Heavy Industries.</li>
</ul>


We analyzed the changes in margin trading positions of JPX stocks as of Jul 18th. The aggregated net margin trading position is USD17,250m.
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 Lasertec, Fujikura, Advantest, Sanrio, Ihi, Fast Retailing, Softbank, Seven &amp; I, Mitsubishi Ufj Financial, Mitsubishi Heavy Industries.


JPX Margin Trading Weekly (Jul 18th): Lasertec, Fujikura, Advantest, Sanrio, Ihi, Fast Retailing

<ul><li>In 1H FY02/25, sales rose JPY46.0bn (22.6%) YoY, driven by large store operations and retail unit sales.</li><li>Operating profit increased JPY3.0bn (42.1%) YoY, with gross profit per retail unit rising to JPY440,000 (+60,000 YoY).</li><li>Revised FY02/25 forecast projects sales of JPY500.0bn (+19.1% YoY), operating profit of JPY20.3bn (+26.0% YoY).</li></ul>

In 1H FY02/25, sales rose JPY46.0bn (22.6%) YoY, driven by large store operations and retail unit sales.Operating profit increased JPY3.0bn (42.1%) YoY, with gross profit per retail unit rising to JPY440,000 (+60,000 YoY).Revised FY02/25 forecast projects sales of JPY500.0bn (+19.1% YoY), operating profit of JPY20.3bn (+26.0% YoY).

IDOM Inc (7599 JP): 1H FY02/25 flash update

Japan

GULLIVER INTERNATIONAL CO., LTD. operates a chain of stores which specialize in purchasing used cars.  The Company also operates a retail store chain known as Dolphie Net, via satellite.  Gulliver operates its own stores and also franchise stores nationwide.

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IDOM Inc (7599 JP)

IDOM Inc (7599 JP): 1H FY02/26 flash update

IDOM's 1H FY02/26 sales reached JPY273.1bn (+9.4% YoY), with record-high retail units sold, despite declining gross profit per unit. Operating...

Shared Research

IDOM Inc (7599 JP): Q1 FY02/26 flash update

IDOM's Q1 FY02/26 sales reached JPY138.5bn (+11.2% YoY), with record-high retail units sold despite declining auction prices. Operating profit...

Shared Research

IDOM Inc (7599 JP): Q3 FY02/25 flash update

In cumulative Q3 FY02/25, sales increased by JPY72.8bn (23.7% YoY), driven by large store operations and retail sales. Operating profit rose by...

Shared Research

JPX Margin Trading Weekly (Jul 18th): Lasertec, Fujikura, Advantest, Sanrio, Ihi, Fast Retailing

We analyzed JPX margin trading positions report for the past week and highlighted Lasertec (6920 JP), Fujikura (5803 JP), Advantest (6857 JP),...

Ke Yan, CFA, FRM

IDOM Inc (7599 JP): 1H FY02/25 flash update

In 1H FY02/25, sales rose JPY46.0bn (22.6%) YoY, driven by large store operations and retail unit sales. Operating profit increased JPY3.0bn...

Shared Research

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