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>Revenue decreased by 18.3% YoY, with operating profit down 93.9% YoY, and net income down 96.3% YoY.</li><li>Contract processing orders totaled 10,303, declining 8.5% YoY, impacting revenue from contract processing services by 10.6% YoY.</li><li>SG&A expenses decreased by 12.2% YoY, with a gross profit margin decline of 7.9pp to 56.1%, raising the SG&A-to-revenue ratio.</li></ul>

Revenue decreased by 18.3% YoY, with operating profit down 93.9% YoY, and net income down 96.3% YoY.Contract processing orders totaled 10,303, declining 8.5% YoY, impacting revenue from contract processing services by 10.6% YoY.SG&A expenses decreased by 12.2% YoY, with a gross profit margin decline of 7.9pp to 56.1%, raising the SG&A-to-revenue ratio.

セルソース（4880 JP）：2025年10月期上期決算速報

CellSource

セルソース（4880 JP）：2025年10月期上期決算速報