In today’s briefing:
- Nikkei225 and Election: Hedging Activity and Implieds Flag Opportunity
- Toyota Motor Corporation: An Insight Into Its Recent Electrification Efforts
- Sony Corporation: Evolution in Game & Network Services to Strengthen Leadership In Gaming Industry!
- Lucror Analytics – Morning Views Asia
- Serverworks (4434 JP): Q1 FY02/26 flash update
- Demae-Can Co., Ltd. (2484 JP): Q3 FY08/25 flash update
- Gender Inequality in Politics Is Preventing Implementation of Measures to Achieve Gender Equality
- FP Partner (7388 JP): 1H FY11/25 flash update
- J Frontier Co Ltd (2934 JP): Full-year FY05/25 flash update
Nikkei225 and Election: Hedging Activity and Implieds Flag Opportunity
- Upper House elections are drawing increased scrutiny due to heightened focus on fiscal finances.
- We examine how risk is being priced across Japanese markets and in particular in Nikkei225 options.
- Volatility risk appears asymmetric, and we outline ways to mitigate or potentially profit from it.
Toyota Motor Corporation: An Insight Into Its Recent Electrification Efforts
- Toyota Motor Corporation’s latest financial results present a mixed bag of data for investors to consider.
- For the fiscal year ending March 2025, the company reported a robust operating income of JPY 4.8 trillion, primarily driven by revised pricing strategies and value chain profit expansion.
- However, this figure represents a decline from the previous year’s results, which were buoyed by one-time favorable effects.
Sony Corporation: Evolution in Game & Network Services to Strengthen Leadership In Gaming Industry!
- Sony Group Corporation’s recent earnings underscore a strategic pivot towards a more entertainment-centric business model, emphasizing the importance of content creation and technological innovation.
- The company’s repositioning towards entertainment is highlighted by its 51% contribution to consolidated sales, showcasing the segment’s resilience, especially during economic downturns like the COVID-19 pandemic.
- The focus on expanding IP presence in gaming, music, film, and anime demonstrates a coherent vision aligning with its longterm creative goals.
Lucror Analytics – Morning Views Asia
- In today’s Morning Views publication we comment on developments of the following high yield issuers: Nissan Motor
- UST yields jumped 4-6 bps across the curve yesterday, as the benign core CPI data pared market expectations for Fed easing. Feddated OIS are now pricing in 43 bps of rate cuts this year (vs. 49 bps as of Monday), with the first cut expected in October. The yield on the 2Y UST rose 4 bps to 3.94%, while the yield on the 10Y UST climbed 5 bps to 4.48%.
- Equities were mixed. The S&P 500 declined 0.4% to 6,244, although the Nasdaq rose 0.2% to 20,678. In the US, the June CPI inched up to 2.7% y-o-y (2.6% e / 2.4% p) and 0.3% m-o-m (0.3% e / 0.1% p).
Serverworks (4434 JP): Q1 FY02/26 flash update
- Revenue reached JPY9.2bn (+6.8% YoY), with operating profit at JPY200mn (-55.0% YoY) and net income JPY114mn (+59.0% YoY).
- Resale services revenue was JPY8.3bn (+7.9% YoY), driven by increased AWS usage and strong proprietary service sales.
- Cloud Integration revenue was JPY526mn (-5.5% YoY), with average project unit price at JPY2.2mn (+9.5% YoY).
Demae-Can Co., Ltd. (2484 JP): Q3 FY08/25 flash update
- Revenue reached JPY30.2bn, a 20.8% YoY decline, with operating, recurring, and net losses each at JPY3.1bn.
- Gross merchandise value (GMV) was JPY126.3bn, a 12.5% YoY decrease, with 45.82mn orders and 4.76mn active users.
- Revised FY08/25 forecast anticipates JPY39.5bn revenue, JPY4.8bn operating loss, and no dividend payment.
Gender Inequality in Politics Is Preventing Implementation of Measures to Achieve Gender Equality
- Japan’s overall gender gap index for 2025 remained unchanged from 2024 (118th place), with only slight improvements. The tendency toward significant gender disparities in politics and economics remains unchanged.
- Gender wage gaps are caused by the low percentage of women in managerial positions, and the reason for this is that women bear the brunt of childcare and housework.
- Political leadership is necessary to reform traditional gender inequality values and implement measures that allow women to continue working after giving birth and raising children.
FP Partner (7388 JP): 1H FY11/25 flash update
- In 1H FY11/25, revenue was JPY16.4bn (-4.1% YoY), with operating profit at JPY1.5bn (-45.0% YoY).
- Full-year forecasts revised downward: revenue JPY32.6bn, operating profit JPY2.1bn, net income JPY1.3bn, EPS JPY58.20.
- Dividend forecast remains unchanged at JPY94 per share, despite downward revision of full-year net income forecast.
J Frontier Co Ltd (2934 JP): Full-year FY05/25 flash update
- In FY05/24, the company reported revenue of JPY21.5bn (+21.4% YoY) and net income of JPY88mn.
- The company forecasts FY05/26 revenue of JPY23.6bn (+9.7% YoY) and net income of JPY100mn (+14.2% YoY).
- The Healthcare Marketing business achieved revenue of JPY9.7bn (+53.0% YoY) with an operating profit of JPY127mn.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
