In today’s briefing:
- Jaccs Co Ltd (8584 JP): Q3 FY03/25 flash update
- Astellas Pharma (4503 JP): 9MFY25 Result- Strategic Brands Strong; Margins Expand; Guidance Raised
- Charm Care Corp (6062 JP): 1H FY06/25 flash update
- Hosokawa Micron (6277 JP): Q1 FY09/25 flash Update
- IPS Inc (4390 JP): Q3 FY03/25 flash update
- Japan Investment Adviser Co (7172 JP): Full-year FY12/24 flash update
- Kanematsu Corp (8020 JP): Q3 FY03/25 flash update
- Kohsoku Corp (7504 JP): Q3 FY03/25 flash update
- Marubun Corp (7537 JP): Q3 FY03/25 flash update
- Mitsuboshi Belting (5192 JP): Q3 FY03/25 flash update
Jaccs Co Ltd (8584 JP): Q3 FY03/25 flash update
- Operating revenue increased by JPY4.3bn YoY, driven by deferred installment income, despite a decline in transaction volume.
- Consolidated operating expenses rose JPY8.4bn YoY due to higher bad-debt expenses and finance costs amid interest rate hikes.
- Overseas business saw a segment loss of JPY2.5bn, with increased bad debt expenses and declining transaction volumes in Vietnam and Indonesia.
Astellas Pharma (4503 JP): 9MFY25 Result- Strategic Brands Strong; Margins Expand; Guidance Raised
- Astellas Pharma (4503 JP) reported a 22% YoY (6% from favourable Fx rates) revenue growth to ¥1,453B in 9MFY25. The U.S. market continue to be key, contributing 46% of revenue.
- Operating profit rose 44% YoY to ¥297.5B, with operating margin expanding 310bps to 20.5%. Core profit increased 35% YoY to ¥223B, with margins improving 150bps to 15.4% in 9MFY25.
- Guidance revised upward, with revenue now expected at ¥1,900B on robust XTANDI performance and favorable forex movement.
Charm Care Corp (6062 JP): 1H FY06/25 flash update
- In 1H FY06/25, revenue increased by 7.9% YoY, operating profit grew 11.7% YoY, maintaining high occupancy rates.
- As of end-Q2, 104 assisted-living facilities operated with 7,086 rooms, maintaining high occupancy despite increased resident departures.
- Good Partners’ revenue and profit were strong; Charm Senior Living’s referral business contributed to occupancy growth at facilities.
Hosokawa Micron (6277 JP): Q1 FY09/25 flash Update
- The company recorded orders of JPY20.2bn, sales of JPY18.1bn, and an order backlog of JPY48.6bn, all declining YoY.
- FY09/25 forecasts include sales of JPY83.0bn, operating profit of JPY6.5bn, and recurring profit of JPY6.9bn, all decreasing YoY.
- Capital expenditures for FY09/25 are planned at JPY5.0bn, with R&D expenses at JPY1.2bn, both increasing YoY.
IPS Inc (4390 JP): Q3 FY03/25 flash update
- Revenue increased to JPY11.2bn (+34.5% YoY) with growth in Global Telecommunications, but declines in Domestic Telecommunications and Medical & Healthcare.
- Operating profit rose to JPY3.2bn (+120.8% YoY), driven by cost ratio reduction and Global Telecommunications segment performance.
- Global Telecommunications business achieved JPY7.8bn revenue (+97.8% YoY) and JPY2.9bn operating profit (+347.5% YoY).
Japan Investment Adviser Co (7172 JP): Full-year FY12/24 flash update
- FY12/24 revenue increased 42.7% YoY, with operating profit up 120.5% and recurring profit up 217.2%.
- Operating Lease business revenue rose 47.5% YoY, contributing 90.8% of total revenue, with equity sales at JPY113.1bn.
- FY12/25 forecast includes revenue of JPY36.9bn, operating profit of JPY18.1bn, and a 50% dividend payout ratio.
Kanematsu Corp (8020 JP): Q3 FY03/25 flash update
- Companywide revenue rose to JPY781.7bn (+7.7% YoY), driven by mobile and aerospace business sales, with operating profit at JPY33.4bn (+0.9% YoY).
- Segment reclassification in FY03/25 affected revenue and profit figures, with notable increases in mobile, semiconductor, and aerospace businesses.
- Declines in operating profit were observed in the meat products, feedstuff, iron, steel, and energy businesses, impacting overall profitability.
Kohsoku Corp (7504 JP): Q3 FY03/25 flash update
- Revenue for cumulative Q3 FY03/25 increased by 8.5% YoY, reaching JPY88.4bn, with a gross profit of JPY17.4bn.
- Operating profit and recurring profit both rose by 8.5% and 8.2% YoY, respectively, with net income up 8.9%.
- SG&A expenses increased by JPY1.22bn, primarily due to higher salaries, freight, packaging, and bonus provisions.
Marubun Corp (7537 JP): Q3 FY03/25 flash update
- Net sales decreased by 15.4% YoY, with significant declines in the Electronic Devices business due to weak demand.
- Operating income fell by 33.9% YoY, impacted by lower net sales and increased SG&A expenses, with forex losses of JPY1.2bn.
- Electronic Systems business saw an 8.9% YoY sales increase, driven by medical equipment and defense market expansion.
Mitsuboshi Belting (5192 JP): Q3 FY03/25 flash update
- Mitsuboshi’s Q4 revenue is typically lower due to decreased demand for agricultural machinery and snowmobile belts in the US.
- Revenue increased 7.7% YoY to JPY67.9bn, with operating profit up 4.8% YoY to JPY6.5bn.
- Automotive and industrial belts saw YoY revenue growth, with strong demand for repair parts and new products.
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