總覽 > 個股

IR Japan Holdings (JP-6035) Tokyo Stock Exchange First Section

2019-05-21  提供機構:FISCO  作者:FISCO  點閱次數:1

twitter plurk facebook
字體

◆In FY3/19, sales and profits increased by double digits and were record highs for the fifth consecutive fiscal year

IR Japan Holdings Ltd. <6035> (hereafter, also “the Company”) announced its FY3/19 consolidated results (April 2018 to March 2019) on May 14. Net sales increased 16.3% year on year (YoY) to ¥4,827mn, operating profit rose 24.0% to ¥1,434mn, ordinary profit grew 25.1% to ¥1,447mn, and profit attributable to owners of parent increased 18.9% to ¥976mn. Both sales and profits were record highs for the fifth consecutive fiscal year.

In a situation in which increasing pressure is being placed on Japanese companies by activists and traditional institutional investors, the Company is being highly evaluated for its strengths as an equity (share voting rights) and consulting company, such as for the accuracy and speed of its information on shareholders’ voting rights, and it has significantly increased its SR (shareholder relations) consulting services, which include conducting surveys of actual shareholders, securing voting rights, and analyzing activists.

In its investment banking operations, the Company’s presence is greatly increasing as the only independent FA (financial advisor) that fully utilizes its overwhelming knowledge on share voting rights, shareholder trends, and corporate governance, and its number of large-scale FA and PA (proxy advisor) projects for listed companies that have received proposals from activists has steadily grown. It continuously utilizes its characteristic of being independent, and its M&A projects in the pipeline related to proxy disputes and activists are also increasing.

In corporate governance-related operations, introductions of outside directors and evaluations of boards of directors have grown as a consequence of the strengthening of institutional shareholder guidelines and the revisions to the legal system.

The Company won new clients for its securities agencies operations due to increasing importance on the ability to respond flexibly to shareholders as a company’s first line of defense.

The FY3/20 consolidated forecasts are for net sales to increase 16.0% YoY to ¥5,600mn, operating profit to rise 30.4% to ¥1,870mn, ordinary profit to grow 29.2% to ¥1,870mn, and profit attributable to owners of parent to increase 28.0% to ¥1,250mn.

For returns to shareholders, the Company increased the FY3/19 dividend by ¥3 from the initial forecast to ¥23 per share for an annual dividend of ¥38, which is the fourth consecutive fiscal year that the dividend has increased. In FY3/20, it is expected to increase ¥7 for an annual dividend of ¥45.

On the same day the Company announced that it was to acquire treasury shares with an upper limit of 160,000 shares.

 

報告內容僅供參考,不得作為任何投資引用之唯一依據,且其投資風險及決定應由投資人自行判斷並自負損益。

TOP

【免責聲明】 本研究報告專區中的資訊均來自於各金融機構授權刊登或是已公開的資訊,鉅亨網對資訊的準確性、完整性和及時性不作任何保證,也不保證上述資訊報告做出的建議在未來不發生修正。在任何情況下,鉅亨網不對本資訊的使用人基於本資訊報告觀點進行的投資所引致的任何損益承擔任何責任。本網研究報告版權均歸各家提供機構所有,不得任意引用、刊發,且不得對原文進行修改或刪除。以上資訊僅供參考。

最近訪問研報

研報點閱排行