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 1H FY03/26, revenue was JPY40.3bn (+3.7% YoY), with operating profit at JPY6.7bn (+12.3% YoY).</li><li>Revenue growth was driven by higher shipment volumes and subscriber growth, offsetting increased variable costs and sales investments.</li><li>Gross profit margin rose 0.9pp to 85.9%, with operating profit margin improving 1.3pp to 16.7% YoY.</li></ul>

In 1H FY03/26, revenue was JPY40.3bn (+3.7% YoY), with operating profit at JPY6.7bn (+12.3% YoY).Revenue growth was driven by higher shipment volumes and subscriber growth, offsetting increased variable costs and sales investments.Gross profit margin rose 0.9pp to 85.9%, with operating profit margin improving 1.3pp to 16.7% YoY.

Water Direct (2588 JP): 1H FY03/26 flash update

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>On 1 June, <a href="https://www.smartkarma.com/entities/lifedrink-co-inc" target="_blank" data-smartkarma-citation="entities:39842:1" rel="noopener">Lifedrink (2585 JP)</a>, which listed in early 2022, announced it would move to TSE Prime in late June, leading to a TOPIX inclusion in late July. </li>
<li>The offset to that was an announcement of an offering, whereby the PE Fund which brought the company to market would sell up to 3.87mm shares, effectively doubling float. </li>
<li>The offering is larger than the TOPIX inclusion. The stock fell the next day, rebounded, then rebounded 11% Monday. Now it's up more and hit a lifetime closing high.</li>
</ul>


On 1 June, Lifedrink (2585 JP), which listed in early 2022, announced it would move to TSE Prime in late June, leading to a TOPIX inclusion in late July. 
The offset to that was an announcement of an offering, whereby the PE Fund which brought the company to market would sell up to 3.87mm shares, effectively doubling float. 
The offering is larger than the TOPIX inclusion. The stock fell the next day, rebounded, then rebounded 11% Monday. Now it's up more and hit a lifetime closing high.


Lifedrink Company (2585 JP) Ascends to TSE Prime and TOPIX But An Offering Produces Overhang

Japan

Water Direct Corp. provides natural mineral water delivery services to home and office.  The Company also sells one's own water servers to keep hot and cold tempature.

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Water Direct (2588 JP)