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 increased by 11.2% YoY to JPY170.9bn, while net income declined by 24.4% YoY to JPY6.3bn. </li><li>SG&A expenses rose 14.8% YoY to JPY14.4bn, with capital cost increasing 110.9% YoY due to higher interest rates. </li><li>Total operating assets grew 2.4% YoY to JPY1.25tn, driven by finance, operating leases, and real estate assets.</li></ul>

Revenue increased by 11.2% YoY to JPY170.9bn, while net income declined by 24.4% YoY to JPY6.3bn. SG&A expenses rose 14.8% YoY to JPY14.4bn, with capital cost increasing 110.9% YoY due to higher interest rates. Total operating assets grew 2.4% YoY to JPY1.25tn, driven by finance, operating leases, and real estate assets.

Ricoh Leasing (8566 JP): 1H FY03/26 flash update

<ul><li>Revenue increased by 8.9% YoY to JPY82.4bn, while operating profit decreased by 3.4% YoY to JPY4.9bn. </li><li>SG&A expenses rose 17.5% YoY to JPY7.3bn, influenced by investments in human resources and IT infrastructure. </li><li>Total operating assets increased 8.6% YoY to JPY1.24tn, driven by growth in finance and operating leases. </li></ul>

Revenue increased by 8.9% YoY to JPY82.4bn, while operating profit decreased by 3.4% YoY to JPY4.9bn. SG&A expenses rose 17.5% YoY to JPY7.3bn, influenced by investments in human resources and IT infrastructure. Total operating assets increased 8.6% YoY to JPY1.24tn, driven by growth in finance and operating leases. 

Ricoh Leasing (8566 JP): Q1 FY03/26 flash update

<ul><li>Revenue increased to JPY312.2bn (+1.2% YoY), with gross profit at JPY48.5bn (+6.5% YoY) and operating profit at JPY21.7bn (+3.4% YoY).</li><li>Contract execution volume rose significantly in logistics facilities, with revenue at JPY9.9bn (+65.0% YoY) and operating profit at JPY2.1bn (+84.4% YoY).</li><li>For FY03/26, the company forecasts revenue of JPY320.0bn (+2.5% YoY) and a dividend per share increase to JPY185.0.</li></ul>

Revenue increased to JPY312.2bn (+1.2% YoY), with gross profit at JPY48.5bn (+6.5% YoY) and operating profit at JPY21.7bn (+3.4% YoY).Contract execution volume rose significantly in logistics facilities, with revenue at JPY9.9bn (+65.0% YoY) and operating profit at JPY2.1bn (+84.4% YoY).For FY03/26, the company forecasts revenue of JPY320.0bn (+2.5% YoY) and a dividend per share increase to JPY185.0.

Ricoh Leasing (8566 JP): Full-year FY03/25 flash update

<ul><li>Revenue decreased by 2.1% YoY, while net income attributable to owners rose 50.0% YoY due to extraordinary gains.</li><li>Contract execution volume increased significantly in real estate and capital investment domains, contributing to overall growth.</li><li>SG&A expenses rose 8.6% YoY, driven by human resource investments; capital cost increased 89.0% YoY due to interest rates.</li></ul>

Revenue decreased by 2.1% YoY, while net income attributable to owners rose 50.0% YoY due to extraordinary gains.Contract execution volume increased significantly in real estate and capital investment domains, contributing to overall growth.SG&A expenses rose 8.6% YoY, driven by human resource investments; capital cost increased 89.0% YoY due to interest rates.

Ricoh Leasing (8566 JP): Q3 FY03/25 flash update

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

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.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/net-protections-holdings-inc" target="_blank" data-smartkarma-citation="entities:35162:1" rel="noopener">Net Protections (7383 JP)</a>, a buy now pay later service provider, raised around US$570m via selling a mix of primary and secondary shares in its Japan IPO in Dec 2021.</li>
<li>As per Yano Research, it had 40% market share in the domestic BNPL market for B2C transactions.</li>
<li>In this note, we will talk about the upcoming lock-up expiry on 9th Dec 2022.</li>
</ul>



Net Protections (7383 JP), a buy now pay later service provider, raised around US$570m via selling a mix of primary and secondary shares in its Japan IPO in Dec 2021.
As per Yano Research, it had 40% market share in the domestic BNPL market for B2C transactions.
In this note, we will talk about the upcoming lock-up expiry on 9th Dec 2022.


Net Protections Holding IPO Lock-Up - PE Owner Is Free to Shed Its Remaining Stake

Japan

RICOH LEASING COMPANY, LTD. offers credit sales and leasing of office automation equipment such as copiers mainly manufactured by its parent, Ricoh.  The Company leases industrial machinery such as construction machinery, transportation equipment, and medical device.

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Ricoh Leasing (8566 JP)