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>TKC's 1H FY09/26 sales increased 19.4% YoY to JPY46.8bn, with operating profit up 28.2% YoY to JPY11.1bn.</li><li>Local Government segment operating profit surged 237.6% YoY due to migration to standards-compliant systems and government cloud.</li><li>Printing segment turned profitable with JPY3mn operating profit, compared to a JPY9mn loss in 1H FY09/25.</li></ul>

TKC's 1H FY09/26 sales increased 19.4% YoY to JPY46.8bn, with operating profit up 28.2% YoY to JPY11.1bn.Local Government segment operating profit surged 237.6% YoY due to migration to standards-compliant systems and government cloud.Printing segment turned profitable with JPY3mn operating profit, compared to a JPY9mn loss in 1H FY09/25.

Tkc Corp (9746 JP): 1H FY09/26 flash update

<ul><li>In Q1 FY09/26, TKC reported JPY24.2bn sales (+38.0% YoY) and JPY8.3bn operating profit (+111.2% YoY).</li><li>Local Government segment sales rose 124.9% YoY, driven by migration to standards-compliant systems and government cloud.</li><li>Printing segment sales declined 5.8% YoY, with an increased operating loss of JPY140mn due to reduced notification services.</li></ul>

In Q1 FY09/26, TKC reported JPY24.2bn sales (+38.0% YoY) and JPY8.3bn operating profit (+111.2% YoY).Local Government segment sales rose 124.9% YoY, driven by migration to standards-compliant systems and government cloud.Printing segment sales declined 5.8% YoY, with an increased operating loss of JPY140mn due to reduced notification services.

Tkc Corp (9746 JP): Q1 FY09/26 flash update

<ul><li>In FY09/25, TKC reported sales of JPY83.5bn (+11.0% YoY) and operating profit of JPY16.1bn (+4.1% YoY).</li><li>The company forecasts FY09/26 sales of JPY85.5bn (+2.4% YoY) and operating profit of JPY16.6bn (+2.8% YoY).</li><li>TKC plans to focus on DPS and BPO operations, enhancing production to meet local government standardization needs.</li></ul>

In FY09/25, TKC reported sales of JPY83.5bn (+11.0% YoY) and operating profit of JPY16.1bn (+4.1% YoY).The company forecasts FY09/26 sales of JPY85.5bn (+2.4% YoY) and operating profit of JPY16.6bn (+2.8% YoY).TKC plans to focus on DPS and BPO operations, enhancing production to meet local government standardization needs.

Tkc Corp (9746 JP): Full-year FY09/25 flash update

<ul><li>TKC's cumulative Q3 FY09/25 sales rose 8.3% YoY to JPY59.8bn, with operating profit decreasing 4.2% YoY. </li><li>Local Government segment operating profit dropped 45.0% YoY due to low-margin hardware sales and software amortization. </li><li>Year-end dividend forecast for FY09/25 increased to JPY60.00 per share, totaling JPY110.00 annually.</li></ul>

TKC's cumulative Q3 FY09/25 sales rose 8.3% YoY to JPY59.8bn, with operating profit decreasing 4.2% YoY. Local Government segment operating profit dropped 45.0% YoY due to low-margin hardware sales and software amortization. Year-end dividend forecast for FY09/25 increased to JPY60.00 per share, totaling JPY110.00 annually.

Tkc Corp (9746 JP): Q3 FY09/25 flash update

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

The MSCI ACWI index (USD) is breaking out to all-time highs while the MSCI EM index (local) is breaking above its prior highs from January. This is bullish and will continue to be as long as there is an absence of breakdowns. On the other hand, Europe’s EURO STOXX 50 and Japan’s TOPIX have struggled to break above resistance and their RS remains near the lows -- be selective. In addition to covering important technical levels across all markets, we highlight additional ideas in the following Sectors: Services, Communications, Industrials, and Transportation.

The MSCI ACWI index (USD) is breaking out to all-time highs while the MSCI EM index (local) is breaking above its prior highs from January. This is bullish and will continue to be as long as there is an absence of breakdowns. On the other hand, Europe’s EURO STOXX 50 and Japan’s TOPIX have struggled to break above resistance and their RS remains near the lows -- be selective. In addition to covering important technical levels across all markets, we highlight additional ideas in the following Sectors: Services, Communications, Industrials, and Transportation.

Global Equity Strategy: Bullish Outlook Intact

Japan

TKC Corporation is an consulting firm that provides accounting and tax information with local and overseas clients.  The Company provides database services for judicial precedents in tax and civil law.  TKC develops and sells personal computer and office automation equipment, and also provides nationwide management data-process consulting services.

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Tkc Corp (9746 JP)

Tkc Corp (9746 JP): 1H FY09/26 flash update

TKC's 1H FY09/26 sales increased 19.4% YoY to JPY46.8bn, with operating profit up 28.2% YoY to JPY11.1bn. Local Government segment operating...

Shared Research

Tkc Corp (9746 JP): Q1 FY09/26 flash update

In Q1 FY09/26, TKC reported JPY24.2bn sales (+38.0% YoY) and JPY8.3bn operating profit (+111.2% YoY). Local Government segment sales rose 124.9%...

Shared Research

Tkc Corp (9746 JP): Full-year FY09/25 flash update

In FY09/25, TKC reported sales of JPY83.5bn (+11.0% YoY) and operating profit of JPY16.1bn (+4.1% YoY). The company forecasts FY09/26 sales of...

Shared Research

Tkc Corp (9746 JP): Q3 FY09/25 flash update

TKC's cumulative Q3 FY09/25 sales rose 8.3% YoY to JPY59.8bn, with operating profit decreasing 4.2% YoY. Local Government segment operating...

Shared Research

Global Equity Strategy: Bullish Outlook Intact

The MSCI ACWI index (USD) is breaking out to all-time highs while the MSCI EM index (local) is breaking above its prior highs from January. This is...

Vermilion Research

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