Daily Brief Japan: Sony Financial Group, ProjectCompany Inc, Qualtec , Taiko Pharmaceutical, Tokyo Tsushin Inc, DreamArts , YMIRLINK Inc, Logizard and more

• Today is the last day of trading for Sony Corp (6758 JP) with Sony Financial Group (8729 JP) spin-off rights. SFGI starts trading separately on Monday 29 Sep.
• The reference price is ¥150/share. It will likely stay in all major indices except Nikkei 225, and it likely needs low ¥160s to stay in M _ _ _. 
• The estimated Div Yield is higher on SFGI than peers by a fair ways, and looks to grow, and there is a big buyback to come. I like it.

• Spin-Off unlocks scale: Sony Financial (~¥23 tn assets) carved out from Sony, with ~¥250 bn market cap and ~¥200 bn free float.
• Balance-Sheet heavy, rate-sensitive: Core life insurance business (~80–85% of profits) supported by strong solvency (ESR 189%).
• Catalysts: Forced selling post-listing, earnings delivery, 40–50% payout policy, and likely TOPIX inclusion within 6–12 months.

Key points (machine generated)

• Project Holdings is a trading company listed on the Tokyo Stock Exchange Growth Market, focusing on a project-based society in the digital transformation era.
• The company anticipates a return to profit growth by the fiscal year ending December 2025, supported by its three main business segments.
• Project Holdings is implementing a growth strategy with a performance outlook extending to December 2027.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only.

Key points (machine generated)

• Qualtec reported record highs in sales, operating profit, and ordinary profit for the fiscal year ending June 2025.
• Sales reached 4,025 million yen, an 11.1% year-on-year increase, with operating profit and ordinary profit at 384 million yen.
• The company’s growth is driven by increased orders for power semiconductor testing and bio-related services, enhancing its reputation in quality technology.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only.

Key points (machine generated)

• FISCO Ltd. projects a profit decline for Daiko Pharmaceutical in fiscal year 2025 despite a slight sales increase.
• Forecasted sales are 6,300 million yen (up 0.1%), with significant drops in operating profit (down 65.9%) and net profit (down 66.6%).
• The profit decrease is linked to rising costs for stabilizing the supply system, with the pharmaceutical segment expected to decline slightly in sales.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only.

• On August 14, 2025, Tokyo Communications Group, Inc. (hereafter, the “Company”) announced its H1 FY2025/12 results.
• For the first six months, net sales rose 14.6% YoY to JPY 3,176 mn, EBITDA improved from a JPY 16 mn loss a year earlier to a JPY 320 mn profit, and operating profit moved from a JPY 211 mn loss to a JPY 140 mn profit.
• The streamlining of unprofitable businesses launched in November 2024 marked a turning point, setting off a sharp rebound in results from Q4 of the previous fiscal year as the earnings of core existing businesses steadily recovered. 

Key points (machine generated)

• Dream Arts reported strong interim performance with double-digit revenue growth and increased profits for the period ending December 2025.
• The company aims to exceed 10 billion yen in sales by December 2028, focusing on SaaS products like the no-code tool ‘SmartDB®.’
• With dual headquarters in Tokyo and Hiroshima, Dream Arts promotes co-creation and digitalization, targeting operational personnel without IT expertise.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only.

Key points (machine generated)

• Ymir Link, listed on the Tokyo Stock Exchange, is expected to achieve record revenue and profit growth by December 2025.
• The company specializes in cloud-based messaging solutions, particularly through its ‘Cuenote’ platform for various sectors.
• With over 90% of revenue from SaaS, Ymir Link benefits from proprietary technology and a strong data analysis team, enhancing its market share.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only.

Key points (machine generated)

• Logizard, listed on the Tokyo Stock Exchange under ticker 4391, is thriving due to its cloud services for various sectors.
• The company provides inventory management systems like ‘Logizard ZERO’ and ‘Logizard OCE’ aimed at improving efficiency for SMEs.
• With a subscription-based revenue model, cloud services make up 79.2% of sales, projected to grow by 10% for the fiscal year ending June 2025.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only.