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 decreased by 1.8% YoY to JPY143.2bn, with IT business revenue up 13.6% and Food business down 43.9%.</li><li>Operating profit increased by 242.7% YoY to JPY8.9bn, driven by IT segment's OPM rise and cost ratio decline.</li><li>Dividend per share for FY03/25 remained JPY120, with a total payout ratio of 117.7% including treasury stock repurchase.</li></ul>

Revenue decreased by 1.8% YoY to JPY143.2bn, with IT business revenue up 13.6% and Food business down 43.9%.Operating profit increased by 242.7% YoY to JPY8.9bn, driven by IT segment's OPM rise and cost ratio decline.Dividend per share for FY03/25 remained JPY120, with a total payout ratio of 117.7% including treasury stock repurchase.

Melco Holdings (6676 JP): Full-year FY03/25 flash update

<ul><li>Melco Holdings reported revenue of JPY109.6bn (+0.5% YoY), with IT business revenue increasing 12.2% YoY to JPY87.6bn. </li><li>Operating profit was JPY6.7bn (+111.3% YoY), driven by a 5.1pp increase in IT segment OPM to 5.6%. </li><li>Food business revenue declined 29.1% YoY to JPY21.9bn, with operating profit at JPY2.6bn, following Shimadaya's spin-off.</li></ul>

Melco Holdings reported revenue of JPY109.6bn (+0.5% YoY), with IT business revenue increasing 12.2% YoY to JPY87.6bn. Operating profit was JPY6.7bn (+111.3% YoY), driven by a 5.1pp increase in IT segment OPM to 5.6%. Food business revenue declined 29.1% YoY to JPY21.9bn, with operating profit at JPY2.6bn, following Shimadaya's spin-off.

Melco Holdings (6676 JP): Q3 FY03/25 flash update

<ul><li>Revenue increased to JPY73.9bn (+5.5% YoY), with IT business revenue up 7.4% YoY and Food business up 1.4% YoY.</li><li>Operating profit rose to JPY3.0bn (+67.3% YoY), driven by IT business, despite a decline in Food business profit.</li><li>Net income attributable to owners of the parent reached JPY1.9bn (+52.3% YoY), with Melco Holdings maintaining its full-year forecast.</li></ul>

Revenue increased to JPY73.9bn (+5.5% YoY), with IT business revenue up 7.4% YoY and Food business up 1.4% YoY.Operating profit rose to JPY3.0bn (+67.3% YoY), driven by IT business, despite a decline in Food business profit.Net income attributable to owners of the parent reached JPY1.9bn (+52.3% YoY), with Melco Holdings maintaining its full-year forecast.

Melco Holdings (6676 JP): 1H FY03/25 flash update

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>If you don't think <a href="https://www.smartkarma.com/entities/seven-i-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:1041:1" rel="noopener">Seven &amp; I (3382 JP)</a>'s Standalone Plan has legs to go north of here, or ACT gets its act together,  then you should sell into strength.</li>
<li>
<a href="https://www.smartkarma.com/entities/enn-energy-holdings-ltd" target="_blank" data-smartkarma-citation="entities:316:1" rel="noopener">ENN Energy (2688 HK)</a>'s cash and scrip (into a unlisted H-share-equivalent entity) Offer was not what the doctor ordered.</li>
<li>
<a href="https://www.smartkarma.com/entities/sun-corp" target="_blank" data-smartkarma-citation="entities:10803:1" rel="noopener">Sun Corp (6736 JP)</a> is cheap to its holding in <a href="https://www.smartkarma.com/entities/cellebrite-di-ltd" target="_blank" data-smartkarma-citation="entities:37102:1" rel="noopener">Cellebrite DI (CLBT US)</a>. How cheap depends on the form and structure of its eventual exit.</li>
</ul>


If you don't think Seven &amp; I (3382 JP)'s Standalone Plan has legs to go north of here, or ACT gets its act together,  then you should sell into strength.

ENN Energy (2688 HK)'s cash and scrip (into a unlisted H-share-equivalent entity) Offer was not what the doctor ordered.

Sun Corp (6736 JP) is cheap to its holding in Cellebrite DI (CLBT US). How cheap depends on the form and structure of its eventual exit.


Last Week in Event SPACE: Seven & I, ENN Energy, Sun Corp, Great Eastern Holdings

Travis Lundy

<ul>
<li>Hugely cash-rich <a href="https://www.smartkarma.com/entities/cookpad-inc" target="_blank" data-smartkarma-citation="entities:23:1" rel="noopener">Cookpad Inc (2193 JP)</a> wouldn't hit my radar except for two things. 1) it was the target of <a href="https://www.smartkarma.com/entities/melco-holdings-inc" target="_blank" data-smartkarma-citation="entities:6597:1" rel="noopener">Melco Holdings (6676 JP)</a> chairman Maki-san a few years ago...</li>
<li>And 2) they did a huge buyback last year which pumped up the stock very bigly. </li>
<li>Maki-San appears long gone from the shares, but now they are doing another big buyback. Just as bigly. But there are new nuances this year.</li>
</ul>


Hugely cash-rich Cookpad Inc (2193 JP) wouldn't hit my radar except for two things. 1) it was the target of Melco Holdings (6676 JP) chairman Maki-san a few years ago...
And 2) they did a huge buyback last year which pumped up the stock very bigly. 
Maki-San appears long gone from the shares, but now they are doing another big buyback. Just as bigly. But there are new nuances this year.


Tinycap Cash-Rich Cookpad (2193) With HUGE Buyback. AGAIN

Japan

MELCO HOLDINGS INC. is a holding company which manages computer peripheral equipment manufacturing subsidiaries.  The Company's subsidiaries develop and produce memory and storage devices and network equipment.

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

Melco Holdings (6676 JP)