In today’s briefing:
- Alinco Inc (5933 JP): Q1 FY03/26 flash update
- Companies Seem Reluctant to Hold Online AGMs with Online Attendance
- Yoshinoya Holdings (9861 JP): Q1 FY02/26 flash update
Alinco Inc (5933 JP): Q1 FY03/26 flash update
- Q1 FY03/26 revenue rose 6.1% YoY to JPY15.4bn; operating profit increased 16.9% YoY to JPY644mn.
- Recurring profit fell 20.5% YoY to JPY614mn; net income attributable to owners dropped 40.4% YoY to JPY399mn.
- Construction demand and rental shifts impacted segment revenues and profits, with mixed YoY results across business areas.
Companies Seem Reluctant to Hold Online AGMs with Online Attendance
- Online AGMs using Internet account for 18%. More than 90% of these meetings are limited to broadcasting the meeting, without allowing shareholders to exercise their voting rights during the meeting.
- Technical issues are cited as the reason why online shareholder meetings are not increasing, and the Ministry of Justice’s advisory board is discussing legal reforms.
- For companies whose goal is to pass company proposals at AGMs and end quickly, even if the resolution of issues is included in legal revision, it will have little effect.
Yoshinoya Holdings (9861 JP): Q1 FY02/26 flash update
- The company achieved FY02/25 sales of JPY205.0bn, surpassing the JPY180.0bn target, driven by agile menu pricing.
- Operating profit for FY02/25 reached JPY7.3bn, exceeding the JPY7.0bn target, despite rising raw material and labor costs.
- The company maintained a strong operating margin of 6.3% in FY02/25, supported by cost control and efficiency improvements.
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