Japan Experts, Extraordinary Performance, Astris Advisory Japan

Astris Advisory Japan

Our Corporate Advisory service is designed to give clients access to a wider range of investors. These include Japan specialists as well as global investors. The goal is to help achieve a fair equity valuation.

Japan Experts, Extraordinary Performance

Equity Bottom-Up

<ul><li>D2C roll-up in motion, a step change in the D2C segment – SQUIZ is a transformative acquisition for the D2C segment, significantly growing segment revenue on a pro-forma basis and lifting operating margins materially.</li><li>The ¥3.6bn deal (¥3.3bn in cash and ¥299mn in Ceres shares) brings an established, fast-growing online healthcare platform with a proven brand, revenue model, and a sizable, underpenetrated TAM.</li><li>Entry valuation at 1.61x trailing revenue and 15.4x trailing earnings is reasonable considering the growth upside. </li></ul>

D2C roll-up in motion, a step change in the D2C segment – SQUIZ is a transformative acquisition for the D2C segment, significantly growing segment revenue on a pro-forma basis and lifting operating margins materially.The ¥3.6bn deal (¥3.3bn in cash and ¥299mn in Ceres shares) brings an established, fast-growing online healthcare platform with a proven brand, revenue model, and a sizable, underpenetrated TAM.Entry valuation at 1.61x trailing revenue and 15.4x trailing earnings is reasonable considering the growth upside. 

Ceres Inc. (3696 JP) - Capital Recycled, D2C Segment Transformed

Ceres Inc/Japan

Ceres Inc. (3696 JP) - Capital Recycled, D2C Segment Transformed