reports
- Lindsay Whipp
- Pelham Smithers
PSA Strategy: Japan Stock Market Quarterly 2024 Q4
When the BoJ raised rates in March, it had been 17 years since it had last done so, though the world was very different then. While the July rate hike was unlikely to move the economic needle, the question now is what else might follow the subsequent financial market maelstrom. Pelham Smithers discusses the outlook for Japan’s macro environment, what new fiscal policies the new PM might introduce, how the BoJ might react and the all-important trend in corporate earnings. This then leads us to...
6754 ANRITSU CORPORATION
7751 CANON INC.
4519 CHUGAI PHARMACEUTICAL CO. LTD.
4751 CYBERAGENT INC.
4755 RAKUTEN INC.
3107 DAIWABO HOLDINGS CO. LTD.
8473 SBI HOLDINGS INC.
6954 FANUC CORPORATION
4324 DENTSU GROUP INC.
6861 KEYENCE CORPORATION
4902 KONICA MINOLTA INC.
6988 NITTO DENKO CORP.
7752 RICOH COMPANY LTD.
6869 SYSMEX CORPORATION
3064 MONOTARO CO. LTD.
5801 FURUKAWA ELECTRIC CO. LTD.
5715 FURUKAWA CO. LTD.
7205 HINO MOTORS LTD.
6501 HITACHI LTD.
6305 HITACHI CONSTRUCTION MACHINERY CO. LTD.
7267 HONDA MOTOR CO. LTD.
7012 KAWASAKI HEAVY INDUSTRIES LTD.
9107 KAWASAKI KISEN KAISHA LTD.
6971 KYOCERA CORPORATION
8316 SUMITOMO MITSUI FINANCIAL GROUP INC.
6503 MITSUBISHI ELECTRIC CORP.
5632 MITSUBISHI STEEL MANUFACTURING CO. LTD.
5706 MITSUI MINING AND SMELTING COMPANY LIMITED
6966 MITSUI HIGH-TEC INC.
6902 DENSO CORPORATION
6701 NEC CORP.
6594 NIDEC CORPORATION
7201 NISSAN MOTOR CO. LTD.
4666 PARK24 CO. LTD.
6268 NABTESCO CORPORATION
2371 KAKAKU.COM INC.
9984 SOFTBANK GROUP CORP.
8136 SANRIO COMPANY LTD.
6758 SONY CORPORATION
5802 SUMITOMO ELECTRIC INDUSTRIES LTD.
6762 TDK CORPORATION
6976 TAIYO YUDEN CO. LTD.
6315 TOWA CORPORATION
7203 TOYOTA MOTOR CORP.
4208 UBE INDUSTRIES LTD.
8698 MONEX GROUP INC.
3774 INTERNET INITIATIVE JAPAN
3765 GUNGHO ONLINE ENTERTAINMENT INC.
2160 GNI GROUP LTD.
3659 NEXON CO. LTD.
3445 RS TECHNOLOGIES CO. LTD.
6269 MODEC INC
3769 GMO PAYMENT
68900 FERROTEC CORPORATION
9519 RENOVA
4385 MERCARI INC.
3993 PKSHA TECHNOLOGY INC.
3626 JT TIS INC
9434 SOFTBANK CORP.
TXG 10X GENOMICS INC CLASS A
TGIF 1933 INDUSTRIES
7071 AMVIS HOLDINGS
78320 BANDAI NAMCO
45870 PEPTIDREAM INC
4443 JT SANSAN (4443 JT)
3491 JT GA TECHNOLOGIES
3394 JT MONEY FOWARD
4480 MEDLEY
RRRP3 3R PETROLEUM OLEO E GAS
6532 JT BAYCURRENT CONSULTING (6532 JT)
3697 JT SHIFT INCORPORATED (3697 JT)
4483 JMDC
4180 JP APPIER GROUP
TSE: 2980 SRE HOLDINGS CORP
4194 VISIONAL INC
9552 M&A RESEARCH INSTITUTE
123F 123FAHRSCHULE SE
9616 JT KYORITSU MAINTENANCE (9616 JT)
9552 JT M&A RESEARCH INSTITUTE (9552 JT)
6544 JT JAPAN ELEVATOR SERVICES HOLDINGS (6544 JT)
6200 JT INSOURCE (6200 JT)
2154 JT OPEN UP GROUP (2154 JT)
- Lindsay Whipp
- Lindsay Whipp
PSA Enterprise Software: IIJ (3774 JT) - Big or Big & Small Update
IIJ’s Dilemma: Go Big or Go Big and Small? Internet Initiative Japan (3774 JT) has a dilemma on its hands which their Q2 FY23 results illustrated vividly. As they are moving up with larger projects they also have to balance the mix between larger and smaller projects and earnings volatility. Valuations are not stretched and the outlook is positive. Analyst Lindsay Whipp report attached.
- Lindsay Whipp
IIJ Announces its First Three Months Results for the Fiscal Year Endin...
IIJ Announces its First Three Months Results for the Fiscal Year Ending March 31, 2024 TOKYO, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Internet Initiative Japan Inc. (“IIJ”, TSE Prime: 3774) today announced its consolidated financial results for the first three months for the fiscal year ending March 31, 2024 (“1Q23”, from April 1, 2023 to June 30, 2023) under International Financial Reporting Standards (IFRS).1 Highlights of Financial Results for 1Q23FY23 TargetsFirst HalfFull YearTotal revenuesJPY61.4 billionup5.6%YoY2JPY138.0 billionJPY286.0 billionOperating profitJPY5.0 billiondown0.5%YoY...
Notice Regarding the Terms and Conditions Concerning the Issuance of S...
Notice Regarding the Terms and Conditions Concerning the Issuance of Stock-Compensation-Type Stock Options (Stock Acquisition Rights) July 13, 2023 Company name: Internet Initiative Japan Inc.Company representative: Eijiro Katsu, President and Representative Director(Stock Code Number: 3774, The Prime Market of the Tokyo Stock Exchange)Contact: Akihisa Watai, Senior Managing Director and CFOTEL: 81-3-5205-6500 TOKYO, July 13, 2023 (GLOBE NEWSWIRE) -- Internet Initiative Japan Inc. (“IIJ”, the “Company”, TSE Prime: 3774) hereby announces that it has determined the remaining terms and con...
Notice regarding Issuance of Stock-Compensation-Type Stock Options (St...
Notice regarding Issuance of Stock-Compensation-Type Stock Options (Stock Acquisition Rights) June 28, 2023 Company name: Internet Initiative Japan Inc.Company representative: Eijiro Katsu, President and Representative Director(Stock Code Number: 3774, The Prime Market of the Tokyo Stock Exchange)Contact: Akihisa Watai, Senior Managing Director and CFOTEL: 81-3-5205-6500 TOKYO, June 28, 2023 (GLOBE NEWSWIRE) -- Internet Initiative Japan Inc. (“IIJ”, the “Company”, TSE Prime: 3774) announced that IIJ’s Board of Directors today resolved that stock-compensation-type stock options (Stock Ac...
Notice Regarding the Completion of Payment for Disposal of Treasury St...
Notice Regarding the Completion of Payment for Disposal of Treasury Stock for Restricted Stock Remuneration TOKYO, June 14, 2023 (GLOBE NEWSWIRE) -- Internet Initiative Japan Inc. (“IIJ”, the “Company”, TSE Prime Market: 3774) announced that the payment regarding the disposal of treasury stock as the restricted stock remuneration, resolved at the IIJ’s Board of Directors held on May 18, 2023, has been completed as described in the following table. For details, please refer to the “Notice Regarding the Disposal of Treasury Stock for Restricted Stock Remuneration” disclosed on May 18, 2023....
Notice regarding the Distribution of Retained Earnings
Notice regarding the Distribution of Retained Earnings May 25, 2023 Company name: Internet Initiative Japan Inc.Company representative: Eijiro Katsu, President and Representative Director(Ticker symbol: 3774, The Prime Market of the Tokyo Stock Exchange)Contact: Akihisa Watai, Senior Managing Director and CFOTEL: 81-3-5205-6500 TOKYO, May 25, 2023 (GLOBE NEWSWIRE) -- Internet Initiative Japan Inc. (“IIJ”, TSE Prime Market : 3774) announced that IIJ’s board of directors today resolved upon the dividends to be paid from retained earnings to shareholders on the record date of March 31, 202...
Partial Disposal of Shares of Common Stock Held by Nippon Telegraph an...
Partial Disposal of Shares of Common Stock Held by Nippon Telegraph and Telephone Corporation (Largest Shareholder), Acquisition of Shares of Common Stock by KDDI Corporation, Acquisition of Treasury Stock, etc. May 18, 2023Company name: Internet Initiative Japan Inc.Company representative: Eijiro Katsu, President and Representative Director(Stock Code Number: 3774, The Prime Market of the Tokyo Stock Exchange)Contact: Akihisa Watai, Senior Managing Director and CFOTEL: 81-3-5205-6500 (Secondary Offering of Shares, Change in Other Affiliated Company and Major Shareholders (Scheduled), Busi...
Notice Regarding the Disposal of Treasury Stock for Restricted Stock R...
Notice Regarding the Disposal of Treasury Stock for Restricted Stock Remuneration TOKYO, May 18, 2023 (GLOBE NEWSWIRE) -- Internet Initiative Japan Inc. (“IIJ”, the “Company”, TSE Prime Market: 3774) announced that at the IIJ’s Board of Directors meeting on May 18, 2023, it resolved to dispose of its treasury stock (the “Disposal of Treasury Stock” or the “Disposal”), as the restricted stock remuneration shown below. 1. Overview of the Disposal (1) Disposal dateJune 14, 2023 (2) Class and number of shares to be disposed of42,130 shares of common stock of the Company (3) Disposal p...
IIJ Announces its Financial Results for the Fiscal Year Ended March 31...
IIJ Announces its Financial Results for the Fiscal Year Ended March 31, 2023 TOKYO, May 12, 2023 (GLOBE NEWSWIRE) -- Internet Initiative Japan Inc. (“IIJ”, TSE Prime: 3774) today announced its consolidated financial results for the fiscal year ended March 31, 2023 (“FY2022”, from April 1, 2022 to March 31, 2023) under International Financial Reporting Standards (IFRS).1 Highlights of Financial Results for FY2022Total revenuesJPY 252.7 billionup11.7% YoY2Operating profitJPY 27.2 billionup15.6% YoYProfit before taxJPY 27.3 billionup13.0% YoYNet profit3JPY 18.8 billionup20.2% YoYAnnual cash ...
- Lindsay Whipp
INFY INFOSYS LIMITED
GOOGL ALPHABET INC. CLASS A
CRM SALESFORCE.COM INC.
CAP CAPGEMINI SE
9613 NTT DATA CORPORATION
6702 FUJITSU LIMITED
4307 NOMURA RESEARCH INSTITUTE LTD.
8001 ITOCHU CORPORATION
6501 HITACHI LTD.
6701 NEC CORP.
5401 NIPPON STEEL CORP.
8053 SUMITOMO CORPORATION
TCS TATA CONSULTANCY SERVICES LIMITED
3774 INTERNET INITIATIVE JAPAN
AMZN AMAZON.COM INC.
MSFT MICROSOFT CORPORATION
IBM INTERNATIONAL BUSINESS MACHINES CORPORATION
3626 JT TIS INC
TXG 10X GENOMICS INC CLASS A
4443 JT SANSAN (4443 JT)
4478 JT FREEE KK
3394 JT MONEY FOWARD
RRRP3 3R PETROLEUM OLEO E GAS
4169 JT ENECHANGE LIMITED
- Kirk Boodry
IIJ Announces its Nine Months Results for the Fiscal Year Ending March...
IIJ Announces its Nine Months Results for the Fiscal Year Ending March 31, 2023 TOKYO, Feb. 08, 2023 (GLOBE NEWSWIRE) -- Internet Initiative Japan Inc. (“IIJ”, TSE Prime: 3774) today announced its consolidated financial results for the nine months for the fiscal year ending March 31, 2023 (“1Q-3Q22”, from April 1, 2022 to December 31, 2022) under International Financial Reporting Standards (IFRS).1 Highlights of Financial Results for 1Q-3Q22FY22 TargetsTotal revenuesJPY 185.3 billionup11.9%YoY2JPY 250.0 billionup10.5%YoYOperating profitJPY 18.8 billionup15.3%YoYJPY 27.2 billionup15.5%Yo...
- Pelham Smithers
PSA Enterprise Software / Telecom: Internet Initiative Japan (3774 JT)...
The potential of Internet Initiative Japan’s (3774 JT) business has meant that it has rarely been a “cheap” stock in terms of earnings multiples. However, even by its own standards, it did become expensive by the end of 2021, trading on 21x EV/OP. However now, a year of the shares trading sideways while earnings have doubled from FY20 levels means that EV/OP is now back below 16x. This makes the shares even cheaper than those of the more pedestrian TIS (3626 JT) (15.6x vs 16.2x).
- Pelham Smithers
PSA ERP Software / IT Services: Some DX plays considered: Mid-tier IT ...
According to Bloomberg, Japan’s six listed mid-tier IT vendors – that’s NRI (4307 JT), CTC (4739 JT), TIS (3626 JT), SCSK (9719 JT), Biprogy [was Nihon Unisys] (8056 JT) and NS Solutions (2327 JT) – reported 2Q FY22 orders of ¥716bil (+12.4% YoY). The YoY increase, down slightly from the +13.1% YoY growth figure seen in the 1Q FY22 period, Pelham Smithers looks at the relative performance of mid-tier IT vendor orders.
IIJ Announces its First Six Months Results for the Fiscal Year Ending ...
IIJ Announces its First Six Months Results for the Fiscal Year Ending March 31, 2023 TOKYO, Nov. 07, 2022 (GLOBE NEWSWIRE) -- Internet Initiative Japan Inc. (“IIJ”, TSE Prime: 3774) today announced its consolidated financial results for the first six months for the fiscal year ending March 31, 2023 (“1H22”, from April 1, 2022 to September 30, 2022) under International Financial Reporting Standards (IFRS).1 Highlights of Financial Results for 1H22FY22 Targets 1H22 Full Year Total revenuesJPY 122.0 billionup11.8%YoY2 JPY 117.0 billionJPY 250.0 billion Operating profitJPY 11.2 billionup2...
Notice Regarding Stock Split, Partial Amendment to the Articles of Inc...
Notice Regarding Stock Split, Partial Amendment to the Articles of Incorporation and Revision to Dividend Forecast resulting from the Stock Split TOKYO, Aug. 05, 2022 (GLOBE NEWSWIRE) -- Internet Initiative Japan Inc. (“IIJ”, the “Company”, TSE Prime: 3774) hereby announces that IIJ’s Board of Directors today resolved a stock split and partial amendment to the Articles of Incorporation, as indicated below. 1. Purpose of the Stock SplitThe purpose of the stock split is to increase the liquidity of IIJ’s common stock and expand its investor base by reducing the trading price per share...
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