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 reached JPY13.6bn (+8.4% YoY) with operating profit at JPY1.4bn (-18.6% YoY) and recurring profit at JPY1.5bn (-36.2% YoY).</li><li>Number of recurring revenue customers totaled 131 (+8.3% YoY), with enterprise customers at 53 (+29.3% YoY) and SMB customers at 78 (-2.5% YoY).</li><li>Creative & Engineering service line revenue was JPY11.6bn (+6.9% YoY), while Talent Platform service line revenue was JPY2.0bn (+18.2% YoY).</li></ul>

Revenue reached JPY13.6bn (+8.4% YoY) with operating profit at JPY1.4bn (-18.6% YoY) and recurring profit at JPY1.5bn (-36.2% YoY).Number of recurring revenue customers totaled 131 (+8.3% YoY), with enterprise customers at 53 (+29.3% YoY) and SMB customers at 78 (-2.5% YoY).Creative & Engineering service line revenue was JPY11.6bn (+6.9% YoY), while Talent Platform service line revenue was JPY2.0bn (+18.2% YoY).

Sun* (4053 JP): Full-year FY12/24 flash update

<ul><li>Revenue increased by 7.7% YoY to JPY10.0bn, while operating profit decreased by 17.0% YoY to JPY1.1bn.</li><li>Number of recurring revenue customers grew 12.3% YoY to 128, with enterprise customers increasing 28.9% YoY.</li><li>Creative & Engineering service line revenue grew 5.9% YoY to JPY8.5bn; Talent Platform service line rose 19.4% YoY.</li></ul>

Revenue increased by 7.7% YoY to JPY10.0bn, while operating profit decreased by 17.0% YoY to JPY1.1bn.Number of recurring revenue customers grew 12.3% YoY to 128, with enterprise customers increasing 28.9% YoY.Creative & Engineering service line revenue grew 5.9% YoY to JPY8.5bn; Talent Platform service line rose 19.4% YoY.

<ul><li>Revenue: JPY6.5bn (+6.5% YoY), Operating profit: JPY727mn (-15.6% YoY), Recurring profit: JPY697mn (-31.7% YoY).</li><li>Number of recurring revenue customers at end-Q2: 127 companies (+9.5% YoY), Monthly ARPU in Q2: JPY5,080,000 (-4.5% YoY).</li><li>Revenue for Creative & Engineering service line: JPY5.7bn (+7.4% YoY), Talent Platform service line: JPY451mn (+3.2% YoY).</li></ul>

Revenue: JPY6.5bn (+6.5% YoY), Operating profit: JPY727mn (-15.6% YoY), Recurring profit: JPY697mn (-31.7% YoY).Number of recurring revenue customers at end-Q2: 127 companies (+9.5% YoY), Monthly ARPU in Q2: JPY5,080,000 (-4.5% YoY).Revenue for Creative & Engineering service line: JPY5.7bn (+7.4% YoY), Talent Platform service line: JPY451mn (+3.2% YoY).

<ul>
<li>
<a href="https://www.smartkarma.com/entities/sun-inc" target="_blank" data-smartkarma-citation="entities:36668:1" rel="noopener">Sun* (4053 JP)</a> provides consulting, software development, recruiting, and other services to companies that seek to create value or businesses, including startups.</li>
<li>In FY12/23, revenue was JPY12.5bn (+16.5% YoY), operating profit JPY1.8bn (+96.8% YoY), recurring profit JPY2.3bn (+99.1% YoY), and net income attributable to owners of the parent JPY1.6bn (+90.4% YoY).</li>
<li>Sun* does not disclose a medium-term business plan with quantitative targets, but it releases qualitative targets related to KPI growth.</li>
</ul>



Sun* (4053 JP) provides consulting, software development, recruiting, and other services to companies that seek to create value or businesses, including startups.
In FY12/23, revenue was JPY12.5bn (+16.5% YoY), operating profit JPY1.8bn (+96.8% YoY), recurring profit JPY2.3bn (+99.1% YoY), and net income attributable to owners of the parent JPY1.6bn (+90.4% YoY).
Sun* does not disclose a medium-term business plan with quantitative targets, but it releases qualitative targets related to KPI growth.


Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Event-Driven

<ul>
<li>The Tokyo Stock Exchange (TSE) calculates Free-Float Weight (FFW) for each listed company and uses this value as a key component of TOPIX Index Calculation. </li>
<li>For companies with "low liquidity" the FFW will be multiplied by a fixed liquidity factor of 0.75 to derive the final FFW used for index calculation. </li>
<li>Every April, the application of this liquidity factor is reviewed by the TSE. In this insight, we take an early look at what could happen in April 2023.</li>
</ul>


The Tokyo Stock Exchange (TSE) calculates Free-Float Weight (FFW) for each listed company and uses this value as a key component of TOPIX Index Calculation. 
For companies with "low liquidity" the FFW will be multiplied by a fixed liquidity factor of 0.75 to derive the final FFW used for index calculation. 
Every April, the application of this liquidity factor is reviewed by the TSE. In this insight, we take an early look at what could happen in April 2023.


TOPIX Index Upweights: An Early Preview Of "The Big April Basket" 2023

Japan

Sun* Inc. operates as a creative design studio. The Company provides application user interface design services. Sun* provides its services throughout Japan.

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Sun* (4053 JP)

Sun* (4053 JP): Full-year FY12/24 flash update

Revenue reached JPY13.6bn (+8.4% YoY) with operating profit at JPY1.4bn (-18.6% YoY) and recurring profit at JPY1.5bn (-36.2% YoY). Number of...

Shared Research

Sun* (4053 JP): Q3 FY12/24 flash update

Revenue increased by 7.7% YoY to JPY10.0bn, while operating profit decreased by 17.0% YoY to JPY1.1bn. Number of recurring revenue customers grew...

Shared Research

Sun* (4053 JP): 1H FY12/24 flash update

Revenue: JPY6.5bn (+6.5% YoY), Operating profit: JPY727mn (-15.6% YoY), Recurring profit: JPY697mn (-31.7% YoY). Number of recurring revenue...

Shared Research

Sun* (4053): Full-Year FY12/23 Update

Sun* (4053 JP) provides various services to companies, with impressive revenue and profit growth in FY12/23. They focus on qualitative KPI growth...

Shared Research

TOPIX Index Upweights: An Early Preview Of "The Big April Basket" 2023

Daiei Kankyo, Socionext, Sun* , Mercari, Loadstar Capital, Bewith, Medley, and Appier Group are our high-conviction names that could see their...

Janaghan Jeyakumar, CFA

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52-week Range

Market Cap (USDm)

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Dividend (Yield)

Sun* (4053 JP): Full-year FY12/24 flash update

Revenue reached JPY13.6bn (+8.4% YoY) with operating profit at JPY1.4bn (-18.6% YoY) and recurring profit at JPY1.5bn (-36.2% YoY). Number of...

Shared Research

Sun* (4053 JP): Q3 FY12/24 flash update

Revenue increased by 7.7% YoY to JPY10.0bn, while operating profit decreased by 17.0% YoY to JPY1.1bn. Number of recurring revenue customers grew...

Shared Research

Sun* (4053 JP): 1H FY12/24 flash update

Revenue: JPY6.5bn (+6.5% YoY), Operating profit: JPY727mn (-15.6% YoY), Recurring profit: JPY697mn (-31.7% YoY). Number of recurring revenue...

Shared Research

Sun* (4053): Full-Year FY12/23 Update

​Sun* (4053 JP) provides various services to companies, with impressive revenue and profit growth in FY12/23. They focus on qualitative KPI growth...

Shared Research

TOPIX Index Upweights: An Early Preview Of "The Big April Basket" 2023

Daiei Kankyo, Socionext, Sun* , Mercari, Loadstar Capital, Bewith, Medley, and Appier Group are our high-conviction names that could see their...

Janaghan Jeyakumar, CFA

Sun* (4053 JP) provides various services to companies, with impressive revenue and profit growth in FY12/23. They focus on qualitative KPI growth...