Research Coverage of Japanese Listed Companies, Shared Research Inc

Shared Research

Our report is an authoritative Owner’s Manual on the company.
- A vital piece in the investor’s toolbox, our report allows you to uncover the essence of the business
- We pinpoint strengths and weaknesses; discuss strategy
- Our aim is to make deep knowledge about the company readily available, saving investors time and enabling dialogue

We offer our research as a service for Japanese corporates.
- Our in-depth reports allow them to better inform investors by presenting an unbiased third-party view of business fundamentals
- Our reports do not offer investment opinions and are free for all investors

We start our coverage with a substantial core report.
- We continuously update this report to reflect earnings, news flow, and any material developments
- We thoroughly interview management on a quarterly basis

Research Coverage of Japanese Listed Companies

Curator's Cut: Brokering Records, Race to SpaceX & The Rise of Physical AI

Shared Research Inc

Pioneering research coverage of Japanese listed companies. Now customizable and interactive for global institutional investors. Corporate access reimagined.

Equity Bottom-Up

<ul><li>Net operating revenue rose 60.4% YoY and 11.9% QoQ, with operating profit increasing 120.0% YoY and 11.3% QoQ.</li><li>SG&A expenses increased 27.1% YoY and 12.5% QoQ, driven by transaction-related and personnel expenses growth.</li><li>Matsui Securities' brokerage commissions grew 68.4% YoY and 18.6% QoQ, reflecting increased equity trading value.</li></ul>

Net operating revenue rose 60.4% YoY and 11.9% QoQ, with operating profit increasing 120.0% YoY and 11.3% QoQ.SG&A expenses increased 27.1% YoY and 12.5% QoQ, driven by transaction-related and personnel expenses growth.Matsui Securities' brokerage commissions grew 68.4% YoY and 18.6% QoQ, reflecting increased equity trading value.

Matsui Securities (8628 JP): Full-year FY03/26 flash update