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>In Q1 FY08/26, the company reported sales of JPY34.8bn (+15.5% YoY) and operating profit of JPY2.8bn (-19.9% YoY).</li><li>Software Testing Related Services segment sales were JPY22.6bn (+17.5% YoY) with operating profit of JPY4.3bn (-10.5% YoY).</li><li>Software Development Related Services segment sales reached JPY10.5bn (+8.0% YoY) with operating profit of JPY438mn (-38.4% YoY).</li></ul>

In Q1 FY08/26, the company reported sales of JPY34.8bn (+15.5% YoY) and operating profit of JPY2.8bn (-19.9% YoY).Software Testing Related Services segment sales were JPY22.6bn (+17.5% YoY) with operating profit of JPY4.3bn (-10.5% YoY).Software Development Related Services segment sales reached JPY10.5bn (+8.0% YoY) with operating profit of JPY438mn (-38.4% YoY).

Shift Inc (3697 JP): Q1 FY08/26 flash update

<ul><li>In FY08/25, the company reported JPY129.8bn sales, JPY45.0bn gross profit, JPY15.6bn operating profit, and JPY8.9bn net income.</li><li>Software Testing Services segment achieved JPY84.3bn sales, JPY31.1bn gross profit, and JPY21.5bn operating profit in FY08/25.</li><li>FY08/26 forecasts JPY150.0bn sales, JPY20.0bn operating profit, and JPY13.5bn net profit, on an adjusted basis.</li></ul>

In FY08/25, the company reported JPY129.8bn sales, JPY45.0bn gross profit, JPY15.6bn operating profit, and JPY8.9bn net income.Software Testing Services segment achieved JPY84.3bn sales, JPY31.1bn gross profit, and JPY21.5bn operating profit in FY08/25.FY08/26 forecasts JPY150.0bn sales, JPY20.0bn operating profit, and JPY13.5bn net profit, on an adjusted basis.

Shift Inc (3697 JP): Full-year FY08/25 flash update

Japan Specialist

Mark Chadwick

Thematic (Sector/Industry)

<ul>
<li>Earnings season may accelerate the rotation from AI momentum into quality compounders with earnings visibility.</li>
<li>Macro headwinds with oil above $100, yen at 40-year lows, BOJ tightening on the horizon</li>
<li>We expect this dynamic to persist through August reporting season.</li>
</ul>


Earnings season may accelerate the rotation from AI momentum into quality compounders with earnings visibility.
Macro headwinds with oil above $100, yen at 40-year lows, BOJ tightening on the horizon
We expect this dynamic to persist through August reporting season.


Japan Strategy Weekly | Bifurcation Season

Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

<ul>
<li>Can expect more from the likes of Rakus Co Ltd, Shift Inc, NEC Corp and Fujitsu Ltd which all traded well yesterday on the rotation away from frontline AI plays.</li>
<li>It would make sense to see interest in physical AI FA plays such as Yaskawa Electric, Mitsubishi Electric, Keyence Corp and Fanuc Corp as alternative exposure to the AI theme.</li>
<li>The power semis such as Fuji Electric, ROHM Co Ltd and Renesas Electronics should hold up after a strong day for the sector in the US.</li>
</ul>


Can expect more from the likes of Rakus Co Ltd, Shift Inc, NEC Corp and Fujitsu Ltd which all traded well yesterday on the rotation away from frontline AI plays.
It would make sense to see interest in physical AI FA plays such as Yaskawa Electric, Mitsubishi Electric, Keyence Corp and Fanuc Corp as alternative exposure to the AI theme.
The power semis such as Fuji Electric, ROHM Co Ltd and Renesas Electronics should hold up after a strong day for the sector in the US.


Japan Morning Connection: Physical AI FA Plays May Draw Fresh Interest as Alternative AI Exposure

<ul>
<li>
 For the week: Nikkei: -1.1%, TPX -0.8%, JPY 149.70 (-1.48¥), Gold +8.8%, Oil: -3.4%, BTC: -7.2%</li>
<li>A week remains a lifetime in financial markets. The exuberance that lifted Japanese equities to record highs only last week has given way to a more cautious tone</li>
<li>
Sector wise, Retail outperformed, suggesting defensive positioning, but also reflecting strong underlying business performance. Aeon, Ryohin and Fast all saw major gains. </li>
</ul>



 For the week: Nikkei: -1.1%, TPX -0.8%, JPY 149.70 (-1.48¥), Gold +8.8%, Oil: -3.4%, BTC: -7.2%
A week remains a lifetime in financial markets. The exuberance that lifted Japanese equities to record highs only last week has given way to a more cautious tone

Sector wise, Retail outperformed, suggesting defensive positioning, but also reflecting strong underlying business performance. Aeon, Ryohin and Fast all saw major gains. 


Japan Strategy Weekly | Global Jitters Spread

Japan

SHIFT Inc. offers information technology outsourcing services. The Company provides outsourcing software testing services to corporations and individual clients. SHIFT also provides software solutions and consulting services, as well as educational classes and programs.

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

Shift Inc (3697 JP)

Shift Inc (3697 JP): Q1 FY08/26 flash update

In Q1 FY08/26, the company reported sales of JPY34.8bn (+15.5% YoY) and operating profit of JPY2.8bn (-19.9% YoY). Software Testing Related...

Shared Research

Shift Inc (3697 JP): Full-year FY08/25 flash update

In FY08/25, the company reported JPY129.8bn sales, JPY45.0bn gross profit, JPY15.6bn operating profit, and JPY8.9bn net income. Software Testing...

Shared Research

Japan Strategy Weekly | Bifurcation Season

Investors may shift from AI momentum to quality compounders amid macro headwinds, with this trend likely continuing through August earnings season.

Mark Chadwick

Japan Morning Connection: Physical AI FA Plays May Draw Fresh Interest as Alternative AI Exposure

Expect a continuation of the shift away from frontline AI plays. Interest in physical AI FA plays may see an increase as alternative exposure to...

Andrew Jackson

Japan Strategy Weekly | Global Jitters Spread

Japanese markets experienced a shift from exuberance to caution in just one week, with Retail sector outperforming and showing strong business...

Mark Chadwick

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Shift Inc (3697 JP): Q1 FY08/26 flash update

In Q1 FY08/26, the company reported sales of JPY34.8bn (+15.5% YoY) and operating profit of JPY2.8bn (-19.9% YoY). Software Testing Related...

Shared Research

Shift Inc (3697 JP): Full-year FY08/25 flash update

In FY08/25, the company reported JPY129.8bn sales, JPY45.0bn gross profit, JPY15.6bn operating profit, and JPY8.9bn net income. Software Testing...

Shared Research

Japan Strategy Weekly | Bifurcation Season

​Investors may shift from AI momentum to quality compounders amid macro headwinds, with this trend likely continuing through August earnings season.

Mark Chadwick

Japan Morning Connection: Physical AI FA Plays May Draw Fresh Interest as Alternative AI Exposure

Expect a continuation of the shift away from frontline AI plays. Interest in physical AI FA plays may see an increase as alternative exposure to...

Andrew Jackson

Japan Strategy Weekly | Global Jitters Spread

​Japanese markets experienced a shift from exuberance to caution in just one week, with Retail sector outperforming and showing strong business...

Mark Chadwick

Investors may shift from AI momentum to quality compounders amid macro headwinds, with this trend likely continuing through August earnings season.

Japanese markets experienced a shift from exuberance to caution in just one week, with Retail sector outperforming and showing strong business...