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>Transaction volume reached JPY157.0bn, a record high for 1H, driven by strong ticket sales and event expansion.</li><li>Operating profit increased by 143.8% YoY, aided by improved cost structure and revised Ticket Pia service fees.</li><li>Revised full-year forecast projects revenue of JPY50.0bn, with operating profit margin at 8.4%, reflecting strong market performance.</li></ul>

Transaction volume reached JPY157.0bn, a record high for 1H, driven by strong ticket sales and event expansion.Operating profit increased by 143.8% YoY, aided by improved cost structure and revised Ticket Pia service fees.Revised full-year forecast projects revenue of JPY50.0bn, with operating profit margin at 8.4%, reflecting strong market performance.

Pia Corp (4337 JP): 1H FY03/26 flash update

<ul><li>Transaction volume reached approximately JPY85.0bn, a 21.4% increase year-over-year, driven by strong ticket sales.</li><li>Revenue increased by 33.1% to JPY13.7bn, with gross profit rising 58.5% and operating profit up 253.1% YoY.</li><li>Net income attributable to owners was JPY1.6bn, up 158.0% YoY, despite increased salaries and development costs.</li></ul>

Transaction volume reached approximately JPY85.0bn, a 21.4% increase year-over-year, driven by strong ticket sales.Revenue increased by 33.1% to JPY13.7bn, with gross profit rising 58.5% and operating profit up 253.1% YoY.Net income attributable to owners was JPY1.6bn, up 158.0% YoY, despite increased salaries and development costs.

Pia Corp (4337 JP): Q1 FY03/26 flash update

<ul><li>The company reported a transaction volume of JPY 270.0bn (+10.2% YoY) and revenue of JPY 45.4bn (+14.6% YoY).</li><li>For FY03/26, the company forecasts revenue of JPY 47.0bn (+3.6% YoY) and operating profit of JPY 3.4bn (+29.0% YoY).</li><li>The company plans to eliminate COVID-19 cumulative losses and resume dividend payments for the first time since FY03/20.</li></ul>

The company reported a transaction volume of JPY 270.0bn (+10.2% YoY) and revenue of JPY 45.4bn (+14.6% YoY).For FY03/26, the company forecasts revenue of JPY 47.0bn (+3.6% YoY) and operating profit of JPY 3.4bn (+29.0% YoY).The company plans to eliminate COVID-19 cumulative losses and resume dividend payments for the first time since FY03/20.

Pia Corp (4337 JP): Full-year FY03/25 flash update

<ul><li> In FY03/24, revenue was JPY39.6bn (+20.8% YoY), operating profit JPY1.2bn (+47.4% YoY), recurring profit JPY922mn (+53.7% YoY), and net income attributable to owners of the parent JPY1.1bn (-21.0% YoY).</li><li>The Japanese leisure and audience entertainment market recovered, including in the live entertainment market.</li><li>In addition, major IT service providers such as LINE Ticket exited the market during the COVID-19 pandemic, reducing competitive pressure and providing a tailwind for the company.</li></ul>

 In FY03/24, revenue was JPY39.6bn (+20.8% YoY), operating profit JPY1.2bn (+47.4% YoY), recurring profit JPY922mn (+53.7% YoY), and net income attributable to owners of the parent JPY1.1bn (-21.0% YoY).The Japanese leisure and audience entertainment market recovered, including in the live entertainment market.In addition, major IT service providers such as LINE Ticket exited the market during the COVID-19 pandemic, reducing competitive pressure and providing a tailwind for the company.

External broker reports(aggregated public sources), Topline Securities

Topline Securities

External broker reports(aggregated public sources)

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<ul><li>Lucky Cement (LUCK) conducted FY25 analyst briefing today to discuss business performance and future outlook.</li><li>In addition to this, a battery energy system is installed to optimize the renewable energy sources with estimated payback period of this project is to be 4-5 years.</li><li>Average domestic retention prices in FY25 stood at Rs15.5-16.0k per ton for the company. To recall, that average export prices from Cement and Clinker stood at US$41/ton and US$31/ton in FY25.</li></ul>

Lucky Cement (LUCK) conducted FY25 analyst briefing today to discuss business performance and future outlook.In addition to this, a battery energy system is installed to optimize the renewable energy sources with estimated payback period of this project is to be 4-5 years.Average domestic retention prices in FY25 stood at Rs15.5-16.0k per ton for the company. To recall, that average export prices from Cement and Clinker stood at US$41/ton and US$31/ton in FY25.

Topline Flash Note: Lucky Cement (LUCK): Corporate Briefing Key Takeaways

Japan

PIA CORPORATION provides event ticketing services in Japan.  The Company sells tickets for concerts, sporting contests, and other events of entertainment value through telephone operators, mobile phone services, and a network of ticket stores.  Pia also operates in entertainment publishing and information distribution services.

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Pia Corp (4337 JP)

Pia Corp (4337 JP): 1H FY03/26 flash update

Transaction volume reached JPY157.0bn, a record high for 1H, driven by strong ticket sales and event expansion. Operating profit increased by...

Shared Research

Pia Corp (4337 JP): Q1 FY03/26 flash update

Transaction volume reached approximately JPY85.0bn, a 21.4% increase year-over-year, driven by strong ticket sales. Revenue increased by 33.1% to...

Shared Research

Pia Corp (4337 JP): Full-year FY03/25 flash update

The company reported a transaction volume of JPY 270.0bn (+10.2% YoY) and revenue of JPY 45.4bn (+14.6% YoY). For FY03/26, the company forecasts...

Shared Research

Pia Corp (4337 JP): Coverage Initiation

In FY03/24, revenue was JPY39.6bn (+20.8% YoY), operating profit JPY1.2bn (+47.4% YoY), recurring profit JPY922mn (+53.7% YoY), and net income...

Shared Research

Topline Flash Note: Lucky Cement (LUCK): Corporate Briefing Key Takeaways

Lucky Cement (LUCK) conducted FY25 analyst briefing today to discuss business performance and future outlook. In addition to this, a battery...

Topline Securities

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