Asia Pac ECM and Index Rebal, Shenton 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 Aug 15th. The aggregated net margin trading position is USD14,276m.</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 Sanrio, Mitsubishi UFJ Financial, Lasertec, SoftBank, Sumitomo Mitsui Financial, Kawasaki Heavy Industries, Fast Retailing, Advantest, Disco, Zensho, Sanrio, Mitsubishi Ufj Financial, Lasertec.</li>
</ul>


We analyzed the changes in margin trading positions of JPX stocks as of Aug 15th. The aggregated net margin trading position is USD14,276m.
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 Sanrio, Mitsubishi UFJ Financial, Lasertec, SoftBank, Sumitomo Mitsui Financial, Kawasaki Heavy Industries, Fast Retailing, Advantest, Disco, Zensho, Sanrio, Mitsubishi Ufj Financial, Lasertec.


JPX Margin Trading Weekly (Aug 15th): Sanrio, Mitsubishi UFJ Financial, Lasertec, SoftBank

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 decreased YoY to JPY12.5bn, with operating profit at JPY312mn and recurring profit at JPY355mn. </li><li>Paris Miki Inc. reported sales of JPY11.1bn, with operating profit at JPY426mn and store count at 637. </li><li>Overseas sales were JPY1.4bn, with an operating loss of JPY114mn and no changes in store count.</li></ul>

Sales decreased YoY to JPY12.5bn, with operating profit at JPY312mn and recurring profit at JPY355mn. Paris Miki Inc. reported sales of JPY11.1bn, with operating profit at JPY426mn and store count at 637. Overseas sales were JPY1.4bn, with an operating loss of JPY114mn and no changes in store count.

Paris Miki Holdings (7455 JP): Q1 FY03/26 flash update 

<ul>
<li>We analyzed the changes in margin trading positions of JPX stocks as of Aug 8th. The aggregated net margin trading position is USD15,664m.</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 Furukawa Electric, Disco, Mitsubishi Heavy Industries, SoftBank, Advantest, Tokyo Electron, Nintendo, IHI, Chugai Pharmaceutical, Toyota Motor, Furukawa Electric, Disco, Mitsubishi Heavy Industries.</li>
</ul>


We analyzed the changes in margin trading positions of JPX stocks as of Aug 8th. The aggregated net margin trading position is USD15,664m.
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 Furukawa Electric, Disco, Mitsubishi Heavy Industries, SoftBank, Advantest, Tokyo Electron, Nintendo, IHI, Chugai Pharmaceutical, Toyota Motor, Furukawa Electric, Disco, Mitsubishi Heavy Industries.


JPX Margin Trading Weekly (Aug 8th): Furukawa Electric, Disco, Mitsubishi Heavy Industries, SoftBank

<ul><li>FY03/25 sales rose to JPY50.8bn (+1.7% YoY), but operating profit decreased by 28.3% due to higher SG&A costs.</li><li>Paris Miki Inc. reported JPY44.8bn sales (+2.3% YoY) with a net store increase of 4, despite rising SG&A expenses.</li><li>Overseas segment sales fell to JPY6.1bn (-2.5% YoY), with an operating loss of JPY464mn, impacted by China subsidiary's performance.</li></ul>

FY03/25 sales rose to JPY50.8bn (+1.7% YoY), but operating profit decreased by 28.3% due to higher SG&A costs.Paris Miki Inc. reported JPY44.8bn sales (+2.3% YoY) with a net store increase of 4, despite rising SG&A expenses.Overseas segment sales fell to JPY6.1bn (-2.5% YoY), with an operating loss of JPY464mn, impacted by China subsidiary's performance.

Paris Miki Holdings (7455 JP): Full-year FY03/25 flash update

<ul><li>Sales increased 3.6% YoY to JPY26.1bn, while operating profit decreased 25.3% YoY to JPY1.2bn.</li><li>Japan segment sales rose 4.2% YoY to JPY23.2bn, driven by inbound demand and higher unit prices.</li><li>SG&A expenses grew 4.1% YoY to JPY16.5bn, with a 0.4pp increase in the SG&A ratio to 63.3%.</li></ul>

Sales increased 3.6% YoY to JPY26.1bn, while operating profit decreased 25.3% YoY to JPY1.2bn.Japan segment sales rose 4.2% YoY to JPY23.2bn, driven by inbound demand and higher unit prices.SG&A expenses grew 4.1% YoY to JPY16.5bn, with a 0.4pp increase in the SG&A ratio to 63.3%.

Paris Miki Holdings (7455 JP): 1H FY03/25 report update

Japan

PARIS MIKI HOLDINGS Inc. is a retailer of eyeglasses, contact lenses and other related goods.  The Company operates chain stores in Japan and overseas markets. Paris Miki also sells hearing aid.

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Paris Miki Holdings (7455 JP)

JPX Margin Trading Weekly (Aug 15th): Sanrio, Mitsubishi UFJ Financial, Lasertec, SoftBank

We analyzed JPX margin trading positions report for the past week and highlighted Sanrio (8136 JP), Mitsubishi UFJ Financial (8306 JP), Lasertec...

Ke Yan, CFA, FRM