Toyo Keizai Data Services

Happy to announce that the latest “Kaisha Shikiho(Japan Company Handbook: https://lnkd.in/gXSQBxf) New Year Edition” is released today! The most notable point for “Kaisha Shikiho” is its coverage and research method. Now that nearly 4,000 listed companies are listed in Japan, analysts in TOYO KEIZAI contact all of the listed companies and conduct independent interviews with the key persons such as directors, IR departments and so on. After thorough investigation and analysis, TOYO KEIZAI analysts generate their own earnings estimates which sometimes deviate from company guidance. This deviation would indicate some insights for your investment strategies. Following is the link of top 20 companies from the aspect of deviation between TOYO KEIZAI Earnings Estimates(TK Estimates) and Company Guidance. Top 20 Prospective Companies by TOYO KEIZAI analysts >> https://lnkd.in/gvj7HXvm If you need further information, please contact “[email protected]”. We are able to provide TK Estimates and Company Guidance with a lot of back histories. (FYI) Following is the link of original article written in Japanese >> https://lnkd.in/gGWwaW88 Note; Only subscribers can view this article. #Japan #Toyo #equity #estimates #data #guidance

Forecasting 2025 Business Trends by “Shikiho Outlook” As the new year approaches, the Japanese market is focusing on companies' trends in 2025. To explore upcoming trends for 2025, we have analyzed the “Outlook” section from "Kaisha Shikiho", a quarterly Japanese company handbook. This “Outlook” in "Kaisha Shikiho" consists of two parts: the former half covers recent business performance, the latter half covers medium-term outlook. In particular, the headlines in the former half compactly express each company's trends. To forecast Japanese business trends for 2025, we have analyzed the first half headlines from the latest December edition and have compiled a top 20 ranking of the trending headlines compared to the September edition. The top two positions were dominated by negative indicators: 1.Profit Decline +53 2.Downward +47 However, positive terms followed from third place, suggesting an increasing polarization between market winners and underperformers among Japanese companies in 2025. 3. Dividend Increase (+32) 4. Record Profit (+22) 5. Large Gain (+16) 6. Steady (+14) For this analysis, we utilized the "Shikiho Outlook" database. This provides articles on the latest trends of all listed companies based on our analyst interviews, enabling us to gain insights through text mining and other methods. For detailed rankings: https://lnkd.in/gH_7E3N6 For more information about "Shikiho Outlook", please visit our inquiry form: https://lnkd.in/gSvRESiw #BusinessTrends #Japan

Companies Reclassified Cross-shareholdings as Pure Investment: TOP20 Ranking In Japan's stock market, there has been a practice known as "Cross-shareholdings" where companies mutually hold shares in each other to maintain and strengthen business relationships. This practice aims to ensure management stability rather than for pure investment purposes. Recently, this practice has come under criticism for undermining corporate governance and companies have been reducing their cross-shareholdings. One common way to reduce the shares is to sell them, however, it is not the only way. By changing the purpose of holding in their disclosures to "pure investment," companies can retain the shares while nominally reducing the number of cross-shareholdings. This reduction has been criticized as a "wash" - a superficial change as companies continue to maintain their cross-shareholding. In response to this trend, this November, the Financial Services Agency (FSA) in Japan drafted a proposal requiring companies to disclose the reasons for the change when companies reclassify cross-shareholdings to pure investment. It is said this proposal aims to hold back the nominal reduction of cross-shareholdings. In this survey, we have analyzed the extent of this reclassification by ranking the top 20 companies with the highest number of cross-shareholdings reclassified as pure investment in the previous fiscal year. Please refer to the link below for more detailed information. https://lnkd.in/g4f9Vfrp For this analysis, we utilized our ”Cross Shareholdings Database”, which contains detailed information on cross-shareholdings disclosed in securities reports. For more detailed information about our database, please visit our inquiry form: https://lnkd.in/gSvRESiw

Japanese Listed Companies with Real Estate Business - Analysis Using Sales Breakdown Database Many Japanese listed companies hold real estate business even though it is not their core business. Recently, activist investors in Japan have criticized these real estate holdings. Their argument is that real estate business holdings don't directly contribute to the corporate value improvement, and it is more beneficial to sell these assets and use the proceeds as shareholder return. Taking these trends into consideration, in this analysis, we research the distribution of non-real estate companies with real eastate business over the past decade and show them through bar chart races. This graph provides a 10-year analysis of the sectoral distribution of the number of listed companies that engage in real estate operations despite their main business being in non-real estate sectors. In this analysis, to make this graph, we have utilized the ‘Sales Breakdown Database’. This database contains detailed business breakdown information including sales ratio and profit margin , enabling comprehensive portfolio analysis as demonstrated in this visualization. Please take the advantage of ‘Sales Breakdown Data’ as the tool for your market research needs. For the complete version of the bar chart race, please visit here:https://lnkd.in/g5Uyr2kd For more detailed information about our database, please visit our inquiry form: https://lnkd.in/gSvRESiw

Thrilled to be attending @BattleFin Alt Data Discovery Day London on November 20-21st, 2024. It's going to be an amazing opportunity to meet with the alternative data community and discuss the latest industry trends. Come by TOYO KEIZAI booth to ask about Japanese stock market data at 1v1 meeting. We are looking forward to meeting you at the London Stock Exchange! Interested? Learn more: https://lnkd.in/gAWRwdBe #AltData #BattleFin #DiscoveryDayLondon #Japan #equity

From a standpoint of minority shareholders protection, the Parent-Child listing has been drawing critical eyes from market participants. At the end of last year, 26th December 2023, Tokyo Stock Exchange requested listed companies who have listed subsidiaries to show rational reasons for Parent-Child listing. Following this trend, some child listings like Lawson, Inc.(2651) and Infocom Corporation (4348) are sold and delisted at higher stock prices as a result of TOB. You may find a possible TOB by checking Parent-Child Relationships and fundamentals like PBR. Following is the list of child listings with poor PBR. >> Parent-Child Listing in Japan https://lnkd.in/gvrF3HkU >> (FYI) Original Japanese article ran in "Shikiho Online" https://lnkd.in/gyTqbzyr Parent-Child Relationships can be specified by our database “Affiliated Database” which is based on our independent survey and company’s disclosure. It enables you to create directional network graphs by using it. >> Directional network graphs for SoftBank Group Corp. (9984) https://lnkd.in/gnhqc4ds If you need further information, don’t hesitate to contact “[email protected]”. #Japan #equity #stock #TOB #parentchild #affiliates #subsidiaries #Shikiho

Thrilled to be attending @BattleFin Alt Data Discovery Day London on November 20-21st, 2024. It's going to be an amazing opportunity to meet with the alternative data community and discuss the latest industry trends. Come by TOYO KEIZAI booth to ask about Japanese stock market data at 1v1 meeting. We are looking forward to meeting you at the London Stock Exchange! Interested? Learn more: https://lnkd.in/gAWRwdBe #AltData #BattleFin #DiscoveryDayLondon #Japan #equity

Visit JPXjoIN mall in the following link! >> https://lnkd.in/ggjaPVma Here in JPXjoIN mall, you can meet various types of vendors providing insightful information on the Japanese stock market. As one of the vendors, TOYO KEIZAI exhibits comprehensive reports on all of the listed companies in Japan, "TOYO KEIZAI Quarterly Report". One of the advantages for "TOYO KEIZAI Quarterly Report" is its coverage. It's always going to be difficult to obtain the information on all of the listed companies, especially for small-cap. However, TOYO KEIZAI can solve these difficulties because of the contribution by internal 100 analysts. (i.e. Each analyst covers around 40 listed companies. That’s why we can cover around 4,000 listed companies.) The second advantage for "TOYO KEIZAI Quarterly Report" is its original contents such as earnings estimates and articles based on thorough research by our analysts. TOYO KEIZAI is not a buy-side / sell-side organization. We are just an economic publisher. So we can say with complete confidence that "TOYO KEIZAI Quarterly Report" is generated from a neutral perspective. You are able to see one example of "TOYO KEIZAI Quarterly Report" in this post. For further information, please visit JPXjoIN mall and contact TOYO KEIZAI! #JPX, #Japan, #equity, #estimates, #alternative

Startups Industry in Japan is gaining momentum with government policy starting in 2022. The number of startups increased around 6,000 over 2 years, from 16,000 in 2012 to 22,000 in 2023. From the aspect of the amount of funding and uniqueness of technology, TOYO KEIZAI selected 100 startups from 21 categories such as #AI, #Mobility, #Aerospace, #Semiconductors and #Manufacturing. For further information, see the list from the link below! You are able to access the website of the startups by clicking on “CompanyName”. >> https://lnkd.in/gRtQwABt (FYI) Original articles written by TOYO KEIZAI analysts can be found in the following link. >> https://lnkd.in/g6Gvrhgs #Japan, #PE, #Startups, #VC, #alternative

Happy to announce that we've just released the latest issue of "Kaisha Shikiho (Japan Company Handbook: https://lnkd.in/gVFQRzqT) Autumn Edition" today! One of the unique selling points for “Kaisha Shikiho” is earnings comments written by TOYO KEIZAI analysts for all of the listed companies in Japan, 3,926 companies as of Sep 2024. Comments based on in-depth investigation and in-person interviews with Directors/IR Department by our analysts will help you to grasp the current true state of the company. Since the comments can be provided as textual data, it can be the best material for text mining. Here’s an example of a Word Cloud using the latest version of “Kaisha Shikiho”. You can see more words noted in green which indicates “positive” than the word noted in red “negative” and blue “neutral”. For the earnings comments, a long back history since 1998 can be available. For further information, don’t hesitate to contact “[email protected]”. #Japan #equity #stock #textmining #earnings #textual #alternative #data #Shikiho