In today’s briefing:
- Cyber Security Cloud (4493): Full-Year FY12/23 Update
- Toyota Motors: Investing In Innovation For The Future Of Mobility! – Key Drivers
- Nihon Denkei (9908): Q3 FY03/24 Update
- 3Q Follow-Up – WILL GROUP (6089 JP)
- Is the Emission Data of a Company that Doesn’t Disclose in Annual Securities Report Reliable?
Cyber Security Cloud (4493): Full-Year FY12/23 Update
- Cyber Security Cloud Inc (4493 JP) provides customers with subscription services based on software it develops in-house.
- In FY12/23, CSC reported revenue of JPY3.1bn, operating profit of JPY550mn, recurring profit of JPY560mn, and net income attributable to owners of the parent of JPY427mn.
- Cyber Security Cloud, Inc. announced the acquisition of its own shares
Toyota Motors: Investing In Innovation For The Future Of Mobility! – Key Drivers
- Toyota Motor Corporation continues to deliver robust financial performance despite a myriad of challenges.
- In the fiscal year 2024 second-quarter results, the Japanese automotive giant reported an operating income of JPY 2,559.2 billion.
- This was a significant increase compared to the same period of the previous fiscal year.
Nihon Denkei (9908): Q3 FY03/24 Update
- Established in 1950, Nihon Denkei (9908 JP) is an independent specialized trading company with a leading domestic share, by sales, in electronic measuring instruments (source: Nihon Denkei).
- In FY03/23, sales were JPY104.8bn (+14.1% YoY), operating profit was JPY3.7bn (+40.4% YoY), and recurring profit was JPY4.0bn (+31.9% YoY).
- On June 24, 2020, the company announced the key elements of its medium-term plan, INNOVATION 2030.
3Q Follow-Up – WILL GROUP (6089 JP)
- WILL GROUP announced cumulative 3Q FY24/3 consolidated financial results on February 7, and held a results briefing on February 19 hosted by President Yuichi Sumi.
- This reports examines the details and progress of 3Q results relative to initial plan.
- Then on February 22, WILL GROUP announced that it has decided to sell all shares in specified subsidiary for Startups, Inc. (7089 TSE Growth, specialized in HR services for venture growth businesses and startup companies), in which it holds the majority stake of 54.1% (1,925,400 shares) as of September 30, 2023.
Is the Emission Data of a Company that Doesn’t Disclose in Annual Securities Report Reliable?
- Corporate Governance Code requires disclosure based on TCFD, and an ISSB-based disclosure system will be discussed in Japan. While interest in disclosing climate change-related information is growing, disclosure hasn’t progressed.
- In the TSE survey, only one-tenth of the companies that listed Scope 1, 2, and 3 emissions in their integrated reports disclosed them in their annual reports.
- If a company can’t disclose Scope 1/Scope 2 in its annual securities report, there’s concern that the company may have challenges in data collection and risk delaying management decisions.
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