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 reached JPY143.1bn, a 36.7% YoY increase, with operating profit at JPY62.3bn, up 51.8% YoY.</li><li>The company revised its full-year forecast, increasing sales to JPY190.6bn and operating profit to JPY75.1bn.</li><li>Annual dividend per share increased to JPY66.0, reflecting a JPY4.0 rise from the previous forecast.</li></ul>

Sales reached JPY143.1bn, a 36.7% YoY increase, with operating profit at JPY62.3bn, up 51.8% YoY.The company revised its full-year forecast, increasing sales to JPY190.6bn and operating profit to JPY75.1bn.Annual dividend per share increased to JPY66.0, reflecting a JPY4.0 rise from the previous forecast.

Sanrio (8136 JP): Q3 FY03/26 flash update

<ul><li>Sales reached JPY87.6bn (+39.6% YoY), with operating profit at JPY39.1bn (+66.1% YoY), driven by Sanrio character popularity.</li><li>Licensing business saw significant growth, with sales at JPY18.6bn (+60.6% YoY) and operating profit at JPY10.2bn (+96.2% YoY).</li><li>Revised full-year forecast: Sales JPY184.3bn, operating profit JPY70.2bn, net income JPY49.4bn, dividend JPY62.0 per share.</li></ul>

Sales reached JPY87.6bn (+39.6% YoY), with operating profit at JPY39.1bn (+66.1% YoY), driven by Sanrio character popularity.Licensing business saw significant growth, with sales at JPY18.6bn (+60.6% YoY) and operating profit at JPY10.2bn (+96.2% YoY).Revised full-year forecast: Sales JPY184.3bn, operating profit JPY70.2bn, net income JPY49.4bn, dividend JPY62.0 per share.

Sanrio (8136 JP): 1H FY03/26 flash update

Japan Specialist

Mark Chadwick

Thematic (Sector/Industry)

<ul>
<li>AI enthusiasm cooled as investors rotated out of the most richly valued technology names, favouring companies with visible earnings upgrades, governance catalysts and more resilient valuations. </li>
<li>Fujikura and J. Front Retailing outperformed for very different reasons, highlighting a market increasingly rewarding execution, capital allocation and stock-specific catalysts over broad themes. </li>
<li>With inflation firming and the BOJ edging towards further tightening, valuation discipline is re-emerging as a key driver of Japanese equity performance.</li>
</ul>


AI enthusiasm cooled as investors rotated out of the most richly valued technology names, favouring companies with visible earnings upgrades, governance catalysts and more resilient valuations. 
Fujikura and J. Front Retailing outperformed for very different reasons, highlighting a market increasingly rewarding execution, capital allocation and stock-specific catalysts over broad themes. 
With inflation firming and the BOJ edging towards further tightening, valuation discipline is re-emerging as a key driver of Japanese equity performance.


Japan Strategy Weekly | the AI Trade Grows More Selective

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

Shenton Research

Shenton 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 Oct 2nd. The aggregated net margin trading position is USD30,228m.</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 Mitsubishi UFJ Financial, Advantest, Fujikura, Lasertec, Simplex, Furukawa Electric, Tokyo Electron, Nagoya Railroad, Taiyo Yuden, Toyota Motor.</li>
</ul>


We analyzed the changes in margin trading positions of JPX stocks as of Oct 2nd. The aggregated net margin trading position is USD30,228m.
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 Mitsubishi UFJ Financial, Advantest, Fujikura, Lasertec, Simplex, Furukawa Electric, Tokyo Electron, Nagoya Railroad, Taiyo Yuden, Toyota Motor.


JPX Margin Trading Weekly (Oct 2nd): Mitsubishi UFJ Financial, Advantest, Fujikura, Lasertec

Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

<ul>
<li>A pullback in tech with momentum factor significantly underperforming value. </li>
<li>Intel rallies as high as 12% as it prices in Son's $2bn investment and Lutnick confirms Chips funds for Equity.</li>
<li>Japan's MoD budget may not meet investors lofty expectations given the backdrop of 5% targets in EU.</li>
</ul>


A pullback in tech with momentum factor significantly underperforming value. 
Intel rallies as high as 12% as it prices in Son's $2bn investment and Lutnick confirms Chips funds for Equity.
Japan's MoD budget may not meet investors lofty expectations given the backdrop of 5% targets in EU.


Japan Morning Connection: Buffets Steps in to Take Stakes in US Homebuilder Majors

Japan

Sanrio Company, Ltd. manufactures and sells character goods including gift merchandise, greeting cards, and stationery products.  The Company also produces books, magazines, and movies, and though its subsidiary, operates restaurants and amusement parks.

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Sanrio (8136 JP)

Sanrio (8136 JP): Q3 FY03/26 flash update

Sales reached JPY143.1bn, a 36.7% YoY increase, with operating profit at JPY62.3bn, up 51.8% YoY. The company revised its full-year forecast,...

Shared Research

Sanrio (8136 JP): 1H FY03/26 flash update

Sales reached JPY87.6bn (+39.6% YoY), with operating profit at JPY39.1bn (+66.1% YoY), driven by Sanrio character popularity. Licensing business...

Shared Research

Japan Strategy Weekly | the AI Trade Grows More Selective

Investors shifting focus from AI to companies with visible earnings upgrades and resilient valuations in Japanese equity market as inflation firms...

Mark Chadwick

JPX Margin Trading Weekly (Oct 2nd): Mitsubishi UFJ Financial, Advantest, Fujikura, Lasertec

We analyzed JPX margin trading positions report for the past week and highlighted Mitsubishi UFJ Financial (8306 JP), Advantest (6857 JP), Fujikura...

Ke Yan, CFA, FRM

Japan Morning Connection: Buffets Steps in to Take Stakes in US Homebuilder Majors

Lower rates and pick up in demand for US Homebuilders attracts Warren Buffet. NVDA reportedly developing new Blackwell GPU for China market. Will...

Andrew Jackson

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Sanrio (8136 JP): Q3 FY03/26 flash update

Sales reached JPY143.1bn, a 36.7% YoY increase, with operating profit at JPY62.3bn, up 51.8% YoY. The company revised its full-year forecast,...

Shared Research

Sanrio (8136 JP): 1H FY03/26 flash update

Sales reached JPY87.6bn (+39.6% YoY), with operating profit at JPY39.1bn (+66.1% YoY), driven by Sanrio character popularity. Licensing business...

Shared Research

Japan Strategy Weekly | the AI Trade Grows More Selective

​Investors shifting focus from AI to companies with visible earnings upgrades and resilient valuations in Japanese equity market as inflation firms...

Mark Chadwick

JPX Margin Trading Weekly (Oct 2nd): Mitsubishi UFJ Financial, Advantest, Fujikura, Lasertec

We analyzed JPX margin trading positions report for the past week and highlighted Mitsubishi UFJ Financial (8306 JP), Advantest (6857 JP), Fujikura...

Ke Yan, CFA, FRM

Japan Morning Connection: Buffets Steps in to Take Stakes in US Homebuilder Majors

Lower rates and pick up in demand for US Homebuilders attracts Warren Buffet. NVDA reportedly developing new Blackwell GPU for China market. Will...

Andrew Jackson

Investors shifting focus from AI to companies with visible earnings upgrades and resilient valuations in Japanese equity market as inflation firms...