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 increased 13.6% YoY to JPY119.0bn, with Electronics segment sales rising 14.4% YoY to JPY81.7bn.</li><li>Operating profit grew 21.2% YoY to JPY22.1bn, driven by high-value-added products and yen depreciation benefits.</li><li>Medical and Pharmaceuticals segment profit declined 36.9% YoY due to increased costs and impairment loss.</li></ul>

Sales increased 13.6% YoY to JPY119.0bn, with Electronics segment sales rising 14.4% YoY to JPY81.7bn.Operating profit grew 21.2% YoY to JPY22.1bn, driven by high-value-added products and yen depreciation benefits.Medical and Pharmaceuticals segment profit declined 36.9% YoY due to increased costs and impairment loss.

Taiyo Holdings (4626 JP): Full-year FY03/25 flash update

<ul><li>Cumulative Q3 FY03/25 sales increased 16.2% YoY, with Electronics segment sales at JPY62.7bn and Medical segment at JPY24.6bn.</li><li>Electronics segment profit rose 37.4% YoY to JPY17.0bn, driven by yen depreciation and high-value-added product sales.</li><li>Taiyo Holdings revised FY03/25 forecasts, raising Electronics segment sales to JPY81.2bn and profit to JPY21.4bn.</li></ul>

Cumulative Q3 FY03/25 sales increased 16.2% YoY, with Electronics segment sales at JPY62.7bn and Medical segment at JPY24.6bn.Electronics segment profit rose 37.4% YoY to JPY17.0bn, driven by yen depreciation and high-value-added product sales.Taiyo Holdings revised FY03/25 forecasts, raising Electronics segment sales to JPY81.2bn and profit to JPY21.4bn.

Taiyo Holdings (4626 JP): Q3 FY03/25 flash update

<ul><li>In 1H FY03/25, sales increased 17.2% YoY, with Electronics segment sales at JPY42.6bn (+22.6% YoY).</li><li>Taiyo Holdings revised FY03/25 forecasts: sales JPY116.1bn to JPY117.7bn, operating profit JPY20.6bn to JPY21.7bn.</li><li>Electronics segment profit forecast raised to JPY20.8bn (+26.4% YoY) due to yen depreciation and demand recovery.</li></ul>

In 1H FY03/25, sales increased 17.2% YoY, with Electronics segment sales at JPY42.6bn (+22.6% YoY).Taiyo Holdings revised FY03/25 forecasts: sales JPY116.1bn to JPY117.7bn, operating profit JPY20.6bn to JPY21.7bn.Electronics segment profit forecast raised to JPY20.8bn (+26.4% YoY) due to yen depreciation and demand recovery.

Taiyo Holdings (4626 JP): 1H FY03/25 flash update

<ul><li>FY03/25 sales increased 29.3% YoY, with Electronics segment sales at JPY21.5bn (+36.6% YoY) and Medical and Pharmaceuticals at JPY8.3bn (+12.6% YoY).</li><li>Operating profit grew 83.2% YoY, driven by yen depreciation and increased sales of high value-added white dry films.</li><li>Full-year FY03/25 earnings forecasts revised: Sales JPY116.1bn (+10.8% YoY), Operating profit JPY20.6bn (+13.2% YoY), Net income JPY13.8bn (+59.5% YoY).</li></ul>

FY03/25 sales increased 29.3% YoY, with Electronics segment sales at JPY21.5bn (+36.6% YoY) and Medical and Pharmaceuticals at JPY8.3bn (+12.6% YoY).Operating profit grew 83.2% YoY, driven by yen depreciation and increased sales of high value-added white dry films.Full-year FY03/25 earnings forecasts revised: Sales JPY116.1bn (+10.8% YoY), Operating profit JPY20.6bn (+13.2% YoY), Net income JPY13.8bn (+59.5% YoY).

Taiyo Holdings (4626 JP): Q1 FY03/25 flash update

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Carlyle Group is buying <a href="https://www.smartkarma.com/entities/seiko-pmc-corp" target="_blank" data-smartkarma-citation="entities:13752:1" rel="noopener">Seiko Pmc Corp (4963 JP)</a> from 54+% owner <a href="https://www.smartkarma.com/entities/dic-corp" target="_blank" data-smartkarma-citation="entities:7343:1" rel="noopener">Dic Corp (4631 JP)</a> and minorities in a Tender Offer with optical premium of 89%. </li>
<li>It looks good, takes advantage of tax code particularities, and the nature of the company disguises some value. Shareholder structure means this is basically a done deal before it starts.</li>
<li>With minimal foreign active investor ownership, and significant crossholder, ESOP, and director ownership, only a bit of retail actually needs to tender to make this successful.</li>
</ul>


Carlyle Group is buying Seiko Pmc Corp (4963 JP) from 54+% owner Dic Corp (4631 JP) and minorities in a Tender Offer with optical premium of 89%. 
It looks good, takes advantage of tax code particularities, and the nature of the company disguises some value. Shareholder structure means this is basically a done deal before it starts.
With minimal foreign active investor ownership, and significant crossholder, ESOP, and director ownership, only a bit of retail actually needs to tender to make this successful.


Carlyle Group Tender Offer for Seiko PMC (4963) At 89% Premium

Japan

TAIYO HOLDINGS CO., LTD. manufactures and sells resist inks for printed circuit boards.  The Company markets the products overseas through its sales and manufacturing subsidiaries in US, Taiwan, Korea, Singapore, and China.

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

Taiyo Holdings (4626 JP)