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

Toyo Business Engineering / Equity Bottom-Up

<ul><li>B-EN-G's FY03/26 forecast: orders JPY24.3bn (+12% YoY), revenue JPY24bn (+15.5% YoY), operating profit JPY6bn (+28.3% YoY).</li><li>Solutions business orders JPY7.8bn (+21.5% YoY), revenue JPY7.9bn (+24.2% YoY), operating profit JPY2.4bn (+47.2% YoY).</li><li>mcframe license revenue hit JPY3.1bn (+20.9% YoY) and is projected at JPY6bn (+17.2% YoY) for FY03/26.</li></ul>

B-EN-G's FY03/26 forecast: orders JPY24.3bn (+12% YoY), revenue JPY24bn (+15.5% YoY), operating profit JPY6bn (+28.3% YoY).Solutions business orders JPY7.8bn (+21.5% YoY), revenue JPY7.9bn (+24.2% YoY), operating profit JPY2.4bn (+47.2% YoY).mcframe license revenue hit JPY3.1bn (+20.9% YoY) and is projected at JPY6bn (+17.2% YoY) for FY03/26.

Toyo Business Engineering (4828 JP): 1H FY03/26 flash update

<ul><li>Q1 FY03/26 saw record-high orders and revenue, driven by increased IT investment and Solutions business growth.</li><li>Operating profit rose 48.0% YoY, with improved project profitability and extraordinary income from investment securities sale.</li><li>August 2025 revision forecasts 1H FY03/26 revenue at JPY11.8bn, operating profit at JPY3.0bn, reflecting strong Q1 performance.</li></ul>

Q1 FY03/26 saw record-high orders and revenue, driven by increased IT investment and Solutions business growth.Operating profit rose 48.0% YoY, with improved project profitability and extraordinary income from investment securities sale.August 2025 revision forecasts 1H FY03/26 revenue at JPY11.8bn, operating profit at JPY3.0bn, reflecting strong Q1 performance.

Toyo Business Engineering (4828 JP): Q1 FY03/26 flash update

<ul><li>B-EN-G achieved record-high orders of JPY21.7bn and revenue of JPY20.8bn, driven by IT investments and sales growth.</li><li>Operating profit reached JPY4.7bn, with a 20.4% YoY increase, supported by higher project profitability and license sales.</li><li>For FY03/26, B-EN-G forecasts revenue of JPY22.0bn and operating profit of JPY5.2bn, focusing on digital transformation demand.</li></ul>

B-EN-G achieved record-high orders of JPY21.7bn and revenue of JPY20.8bn, driven by IT investments and sales growth.Operating profit reached JPY4.7bn, with a 20.4% YoY increase, supported by higher project profitability and license sales.For FY03/26, B-EN-G forecasts revenue of JPY22.0bn and operating profit of JPY5.2bn, focusing on digital transformation demand.

Toyo Business Engineering (4828 JP): Full-year FY03/25 flash update

<ul><li>B-EN-G revised its FY03/25 forecast, projecting revenue of JPY20.7bn and operating profit of JPY4.6bn.</li><li>Solutions business orders reached JPY10.0bn, while Products business orders were JPY5.1bn, both showing YoY growth.</li><li>mcframe license revenue reached JPY3.8bn, breaking records, with a revised forecast of JPY5.0bn for FY03/25.</li></ul>

B-EN-G revised its FY03/25 forecast, projecting revenue of JPY20.7bn and operating profit of JPY4.6bn.Solutions business orders reached JPY10.0bn, while Products business orders were JPY5.1bn, both showing YoY growth.mcframe license revenue reached JPY3.8bn, breaking records, with a revised forecast of JPY5.0bn for FY03/25.

Toyo Business Engineering (4828 JP): Q3 FY03/25 flash update

Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Quantitative Analysis

<ul>
<li>We analyzed the changes in margin trading positions of JPX stocks as of Nov 7th. The aggregated net margin trading position is USD20,487m.</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 SoftBank, Advantest, Fujikura, Sanrio, Socionext, Mitsubishi Heavy Industries, Nintendo, Recruit, IHI, Nippon Telegraph and Telephone, Softbank, Advantest, Fujikura, Sanrio, Socionext.</li>
</ul>


We analyzed the changes in margin trading positions of JPX stocks as of Nov 7th. The aggregated net margin trading position is USD20,487m.
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 SoftBank, Advantest, Fujikura, Sanrio, Socionext, Mitsubishi Heavy Industries, Nintendo, Recruit, IHI, Nippon Telegraph and Telephone, Softbank, Advantest, Fujikura, Sanrio, Socionext.


JPX Margin Trading Weekly (Nov 7th): SoftBank, Advantest, Fujikura, Sanrio, Socionext

Japan

Toyo Business Engineering Corporation, a subsidiary of Toyo Engineering, specializes in system integration services.  The Company provides construction, introduction, and consulting services for ERP (Enterprise Resource Planning) and SCM (Supply Chain Management).  Toyo Business Engineering provides e-business related services such as EC (Electronic Commerce) as well.

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

Toyo Business Engineering (4828 JP)