Report

PSA Financial Services / Consumer Finance: Net Protections (7383 JT) – Running Out of Catalysts

Having revised its FY24 guidance for three times, the share price of Net Protections Holdings has exhausted its near-term catalysts. We expect the company to revise up its mid-term plan at its FY24 earnings announcement in May. However, unless FY26 OP guidance is above ¥3bil, we wouldn’t expect the stock to regain momentum.
Underlying
NET PROTECTIONS HLDGS INC

Provider
Pelham Smithers Associates Ltd
Pelham Smithers Associates Ltd

Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods. 

PSA produces both company and sector reports. The focus of PSA’s research is to identify winners and losers as new technologies impact the top and bottom lines of corporations. Critical to our research is the clear explanation of how these new technologies work and how they impact companies and industries. 

The founding partners have worked closely together for twenty years and the team has more than doubled in size since 2012. 

Analysts
Thao Nguyen

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