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

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>AUM was JPY1.4tn, slightly down YoY, but increased 8.5% QoQ, with net outflows of JPY2.9bn.</li><li>Operating revenue decreased to JPY2.8bn (-2.5% YoY), while operating and G&A expenses rose to JPY2.3bn (+2.4% YoY).</li><li>Operating profit fell to JPY442mn (-22.3% YoY) due to lower AUM and increased personnel and advertising expenses.</li></ul>

AUM was JPY1.4tn, slightly down YoY, but increased 8.5% QoQ, with net outflows of JPY2.9bn.Operating revenue decreased to JPY2.8bn (-2.5% YoY), while operating and G&A expenses rose to JPY2.3bn (+2.4% YoY).Operating profit fell to JPY442mn (-22.3% YoY) due to lower AUM and increased personnel and advertising expenses.

SBI RHEOS HIFUMI (165A JP): Q1 FY03/26 flash update