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 8.7% YoY to JPY19.2bn, with gross profit up 16.1% YoY, and operating profit rising 21.0% YoY.</li><li>Recurring profit grew 30.6% YoY, driven by forex gains and subsidy income, while net income rose 12.2% YoY.</li><li>Segment revenue and profit increased YoY, with notable growth in 8-inch wafers and silicon components sales volumes.</li></ul>

Revenue increased 8.7% YoY to JPY19.2bn, with gross profit up 16.1% YoY, and operating profit rising 21.0% YoY.Recurring profit grew 30.6% YoY, driven by forex gains and subsidy income, while net income rose 12.2% YoY.Segment revenue and profit increased YoY, with notable growth in 8-inch wafers and silicon components sales volumes.

Rs Technologies (3445 JP): Q1 FY12/26 flash update

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>I tally 50 - mostly firm, mostly Asia-Pac - transactions currently being discussed and analysed on Smartkarma. Inside is a timetable of upcoming key events for each deal.</li>
<li>Three new deals discussed this week: <a href="https://www.smartkarma.com/entities/fancl-corp" target="_blank" data-smartkarma-citation="entities:15862:1" rel="noopener">Fancl (4921 JP)</a>'s Tender offer, <a href="https://www.smartkarma.com/entities/a8-new-media-group-ltd" target="_blank" data-smartkarma-citation="entities:3444:1" rel="noopener">A8 New Media (800 HK)</a>'s Scheme, and <a href="https://www.smartkarma.com/entities/jeisys-medical-inc" target="_blank" data-smartkarma-citation="entities:36766:1" rel="noopener">Jeisys Medical (287410 KS)</a>'s delisting offer. Bain also approached <a href="https://www.smartkarma.com/entities/bapcor-ltd" target="_blank" data-smartkarma-citation="entities:8433:1" rel="noopener">Bapcor (BAP AU)</a>.</li>
<li>Key updates took place on: <a href="https://www.smartkarma.com/entities/sigma-healthcare-ltd" target="_blank" data-smartkarma-citation="entities:15966:1" rel="noopener">Sigma Healthcare (SIG AU)</a>, <a href="https://www.smartkarma.com/entities/alumina-ltd" target="_blank" data-smartkarma-citation="entities:939:1" rel="noopener">Alumina (AWC AU)</a>, <a href="https://www.smartkarma.com/entities/greatview-aseptic-packaging" target="_blank" data-smartkarma-citation="entities:10802:1" rel="noopener">Greatview Aseptic Packaging (468 HK)</a>, <a href="https://www.smartkarma.com/entities/helios-techno-holding-co-ltd" target="_blank" data-smartkarma-citation="entities:13934:1" rel="noopener">Helios Techno (6927 JP)</a>, and <a href="https://www.smartkarma.com/entities/tatsuta-electric-wire-cable-co-ltd" target="_blank" data-smartkarma-citation="entities:12509:1" rel="noopener">Tatsuta Electric Wire &amp; Cable (5809 JP)</a>.</li>
</ul>


I tally 50 - mostly firm, mostly Asia-Pac - transactions currently being discussed and analysed on Smartkarma. Inside is a timetable of upcoming key events for each deal.
Three new deals discussed this week: Fancl (4921 JP)'s Tender offer, A8 New Media (800 HK)'s Scheme, and Jeisys Medical (287410 KS)'s delisting offer. Bain also approached Bapcor (BAP AU).
Key updates took place on: Sigma Healthcare (SIG AU), Alumina (AWC AU), Greatview Aseptic Packaging (468 HK), Helios Techno (6927 JP), and Tatsuta Electric Wire &amp; Cable (5809 JP).


(Mostly) Asia-Pac M&A: Fancl, Jeisys Medical, A8 New Media, Bapcor, Helios Techno,Tatsuta Electric

Travis Lundy

<ul>
<li>
<a href="https://www.smartkarma.com/entities/rs-technologies-co-ltd" target="_blank" data-smartkarma-citation="entities:26789:1" rel="noopener">Rs Technologies (3445 JP)</a> announced a TOB on <a href="https://www.smartkarma.com/entities/helios-techno-holding-co-ltd" target="_blank" data-smartkarma-citation="entities:13934:1" rel="noopener">Helios Techno Holding (6927 JP)</a> 12 days ago. At a 74% premium, but that was too cheap. I discussed it <a href="https://www.smartkarma.com/insights/helios-techno-holding-6927-small-tob-fat-premium-74-still-too-cheap" target="_blank" rel="noopener">here</a>.</li>
<li>Shares went limit up for two days then traded huge volume the first full day last Wednesday. The lowest trade so far in open trading is 3% through terms.</li>
<li>57% of Shares Out Ex-Treasury have traded in five days. Anyone who bought 5% on Day 1 has to file a Large Shareholder Report today.</li>
</ul>



Rs Technologies (3445 JP) announced a TOB on Helios Techno Holding (6927 JP) 12 days ago. At a 74% premium, but that was too cheap. I discussed it here.
Shares went limit up for two days then traded huge volume the first full day last Wednesday. The lowest trade so far in open trading is 3% through terms.
57% of Shares Out Ex-Treasury have traded in five days. Anyone who bought 5% on Day 1 has to file a Large Shareholder Report today.


Helios Techno Holding (6927) TOB - Today Could Be The Day

<ul>
<li>On Friday, acquisitive wafer technology firm <a href="https://www.smartkarma.com/entities/rs-technologies-co-ltd" target="_blank" data-smartkarma-citation="entities:26789:1" rel="noopener">Rs Technologies (3445 JP)</a> announced it would buy lamp and printing equipment maker <a href="https://www.smartkarma.com/entities/helios-techno-holding-co-ltd" target="_blank" data-smartkarma-citation="entities:13934:1" rel="noopener">Helios Techno Holding (6927 JP)</a> at a 74% premium.  </li>
<li>The premium is big, but Helios is a steal at the price. Granted, it is a small potatoes steal. </li>
<li>The register is not controlled by any one party or group of investors other than retail. That makes this interesting.</li>
</ul>


On Friday, acquisitive wafer technology firm Rs Technologies (3445 JP) announced it would buy lamp and printing equipment maker Helios Techno Holding (6927 JP) at a 74% premium.  
The premium is big, but Helios is a steal at the price. Granted, it is a small potatoes steal. 
The register is not controlled by any one party or group of investors other than retail. That makes this interesting.


Helios Techno Holding (6927) - Small TOB, Fat Premium (74%), Still Too Cheap

<ul><li>RS Technologies reported a 29.6% YoY revenue increase to JPY76.7bn, with a 21.7% YoY gross profit growth.</li><li>The Reclaimed Wafer Business saw 15.7% YoY revenue growth, while the Prime Wafer Business experienced a 1.1% decline.</li><li>For FY12/26, RS Technologies forecasts revenue of JPY84.0bn and plans large capital investments in Reclaimed Wafer Business.</li></ul>

RS Technologies reported a 29.6% YoY revenue increase to JPY76.7bn, with a 21.7% YoY gross profit growth.The Reclaimed Wafer Business saw 15.7% YoY revenue growth, while the Prime Wafer Business experienced a 1.1% decline.For FY12/26, RS Technologies forecasts revenue of JPY84.0bn and plans large capital investments in Reclaimed Wafer Business.

Rs Technologies (3445 JP): Full-year FY12/25 flash update

Japan

Rs Technologies Co.,Ltd. provides wafer services needed on semiconductor manufacturing process. The company's line of business also includes the wholesale distribution of electrical equipments and also provides technical assistance and education services.

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

Rs Technologies (3445 JP)