If I were to buy one, which one? “New banknote” brands starting to be issued in July vs. “stablecoin” brands in the “first year” of entry
Issuance of new banknotes will begin on 7/3. Since 2004,Special demand to respond to the design renewal of major banknotes for the first time in 20 years is on the scale of 1 trillion yenIt is expected that attention will be drawn to related stocks. On the other hand, since there are businesses that want to avoid expenses for response,Cashless will accelerate with the issuance of new banknotesThere is also a view that.
Among them, the one that is attracting attentionDigital currency “stablecoin” linked to fiat currencythat's it. Last year'sWith the revision of the Funds Settlement Act, it is possible to issue stablecoins in some industries such as banksThen, 2024 is also called the “first year of stablecoins.”
We will pick up companies whose impetus will be the issuance of new banknotes and companies entering the stablecoin business, which is expected to expand as electronic payment methods in the future, and check their room for growth.
Among them, the one that is attracting attentionDigital currency “stablecoin” linked to fiat currencythat's it. Last year'sWith the revision of the Funds Settlement Act, it is possible to issue stablecoins in some industries such as banksThen, 2024 is also called the “first year of stablecoins.”
We will pick up companies whose impetus will be the issuance of new banknotes and companies entering the stablecoin business, which is expected to expand as electronic payment methods in the future, and check their room for growth.
At the House of Representatives Finance and Finance Committee in 2019/4, as a trial calculation of the Japan Vending System Machinery Industry Association,Demand is approximately 770 billion yen due to support for new banknotes such as vending machine and ATM refurbishmentIt has been reported that they are anticipating it. Meanwhile, the Dai-ichi Life Economics Research InstituteThe special demand for new currency in 2021, including new 500 yen coins, is calculated to be approximately 1.6 trillion yenI'm doing it. However, there are also companies that peaked in the special demand for new banknotes in the fiscal year ending 24/3.
◆ $Toshiba Tec(6588.JP$：Aiming for a V-shaped recovery by expanding a new platform in fiscal year 24
With a domestic market share of approximately 50% under the umbrella of Toshiba, it is one of the world's top POS cashiers.We have 8 of the top 10 domestic retailers, 6 of the top 10 US retailers, and 4 of the top 10 European retailers as customers。
The fiscal year ended 24/3 was the final deficit for the second year in a row due to poor overseas business and the cancellation of deferred tax assets of American subsidiaries. In the fiscal year ending 25/3, overseas business was drastically improved due to full stacking of the global retail platform “ELERA” functions and sales expansion, etc.Plan to turn the fiscal year into a surplus. Also, as part of structural reforms, during the fiscal year ending 25/3, it is planned to establish a joint venture with Ricoh for the multifunction machine-related business, and transfer of the inkjet business to Ideal Kagaku Kogyo, etc.Expect special profit. In the medium-term management plan from fiscal year 24 to fiscal year 26, it is said that the operating profit margin will be improved to 3.3% in fiscal year 24 and 6.0% in fiscal year 26.
The divergence rate between the closing price on the 28th (3440 yen) and the average target stock price by the two analysts is 0.29%.
◆ $Takamisawa Cybernetics(6424.JP$：Stable profit from transportation systems such as train station ticket machines and platform doors
Listed on the Tokyo Stock Exchange Standard Market. The largest shareholder is Fuji Electric, an affiliated company that actually holds 25.9% and is not subject to the equity method. Fujitsu is also a top shareholder. It has strengths in transportation systems such as automatic ticket vending machines and IC card charging machines, and handles platform doors, security gates, disaster prevention measurement systems, etc. in safety systems, etc. in payment systems, ticket gate equipment, parking systems, etc.
Double-digit increase in sales and profit for the fiscal year ending 2014/3 due to an increase in demand for automatic ticket vending machine modifications. The dividend was 17 yen, an increase of 3 yen from the previous fiscal year, including the commemorative dividend of 1 yen for the 55th anniversary of the company's founding,The payout ratio is 11.4%It has stayed atExpect an increase in sales and profit for the fiscal year ending 25/3。
The divergence rate between the closing price on the 28th (1,355 yen) and the target stock price according to Morningstar Ratings is 48.08%。
Listed on the Tokyo Stock Exchange Standard Market. The largest shareholder is Fuji Electric, an affiliated company that actually holds 25.9% and is not subject to the equity method. Fujitsu is also a top shareholder. It has strengths in transportation systems such as automatic ticket vending machines and IC card charging machines, and handles platform doors, security gates, disaster prevention measurement systems, etc. in safety systems, etc. in payment systems, ticket gate equipment, parking systems, etc.
Double-digit increase in sales and profit for the fiscal year ending 2014/3 due to an increase in demand for automatic ticket vending machine modifications. The dividend was 17 yen, an increase of 3 yen from the previous fiscal year, including the commemorative dividend of 1 yen for the 55th anniversary of the company's founding,The payout ratio is 11.4%It has stayed atExpect an increase in sales and profit for the fiscal year ending 25/3。
The divergence rate between the closing price on the 28th (1,355 yen) and the target stock price according to Morningstar Ratings is 48.08%。
While a certain level of demand is expected to be compatible with the new banknotes,The cashless ratio of payments is already around 40%It has reached, and there is also a view that cashless will accelerate depending on businesses that want to avoid spending compatible with new banknotes.
Therefore, “stablecoins” are attracting attention. It is a digital currency that uses blockchain technology similar to cryptocurrency (virtual currency), and since it is linked to legal currency, it is highly reliable, and is characterized by basically no price movements. Domestically, the revised Funds Settlement Law came into effect in 2023/6, and rules relating to stablecoins were determined,Other than the fact that the issuer is a private company, it's almost “digitized cash”It was positioned as such.
The main advantages of stablecoins are as follows.
●Unlike electronic money or credit card payments, there are no restrictions such as prepayment or linking to an account, and can also be exchanged for cash (cash)
●Payments and remittances between individuals and businesses can now be made instantly and at a much lower cost
●Transaction programs can be incorporated into coin data, making it easier to manage complex transactions such as financial products
It is also expected that stablecoin issuers, like current “point economic zone” operators, lock in customers, obtain strong points of contact with consumers, and gather big data such as consumption behavior.
Due to this high level of convenience,Stablecoins could be a game changer for payment methods。The “USDT,” a stablecoin “unofficially approved by the US government” linked to the US dollar, has exceeded 100 billion dollars (about 16 trillion yen) in less than 10 years since issuance began, and has remained almost stable at 1 USDT = 1 dollar。
In Japan, due to the revised law,Only banks (bank deposit type), trust companies (trust type), and fund transfer companies (fund transfer type) can issue stablecoins in the narrow senseIt became. Conversely, issuers can also be viewed as limited “Japanese government approved” businesses.
◆ $Speee(4499.JP$：Capital participation in the stablecoin business promoted by an all-megabank system
A company listed on the Tokyo Stock Exchange Standard. Using DX (digital transformation) promotion as a business domain, in addition to operating the real estate brokerage site “Yewool” and the remodeling brokerage site “Nurikae,” they also handle digital marketing consulting, etc. The fiscal year ended 23/9 fell into the final deficit due to high research and development investments such as demonstration tests of interoperability between multiple blockchains.The fiscal year ending 24/9 is also in the interim period (23/10 to 24/3) and there is a current deficit, but the end of the fiscal year is expected to turn into a surplus。
Subsidiary Datachain participated in the development of the trust-type stablecoin “Progmat Coin (Progmat Coin)” led by Mitsubishi UFJ Trust and Banking. It provides technologies such as interconnection between multiple blockchains and cross-border payments for the spread and expansion of progma coins. It also has a 5% investment in the new company Progmat to publish Pragma Coy. Progmat has $Mitsubishi UFJ Financial Group(8306.JP$Mitsubishi UFJ Trust and Banking Corporation (49%), which is under the umbrella of the Mitsubishi UFJ Trust Bank, $NTT Data Group(9613.JP$(13.5%), $Mizuho Financial Group(8411.JP$Mizuho Trust and Banking Corporation (7.5%), which is under its umbrella $Sumitomo Mitsui Trust Holdings(8309.JP$Sumitomo Mitsui Trust Bank, which is under the umbrella of Sumitomo Mitsui Trust Bank (7.5%), $Sumitomo Mitsui Financial Group(8316.JP$(7.5%), $Japan Exchange Group(8697.JP$JPX Research Institute (5%) and others, which are under its umbrella, have invested.
The divergence rate between the closing price on the 28th (1430 yen) and the target stock price according to Morningstar Ratings is 75.19%。
◆NTT DATA Group (9613): cashless payment platformer
$Nippon Telegraph & Telephone(9432.JP$A company listed on the Tokyo Stock Exchange Prime under the umbrella of (NTT). Japan's largest company specializing in system integrators. As a holding company, it bundles NTT DATA, which handles domestic business, and NTT DATA, which is responsible for the NTT Group's overseas business. The domestic business has strengths in system development and operation for central ministries and agencies and financial institutions.
Sales and operating profit increased by double digits compared to the previous fiscal year for the fiscal year ended March 24. We plan to increase sales and profit for the fiscal year ending 25/3Doing it.
“CAFIS (CAFIS),” a cashless payment platform with over 40 years of operationIt is also compatible with real-time payments such as “BankPay” and “Kotora,” and will also be used in the stablecoin “Progma Coin” developed by Mitsubishi UFJ Trust and Banking.
The divergence between the closing price on the 28th (2362 yen) and the average target stock price by 13 analysts is 12.90%.
$Nippon Telegraph & Telephone(9432.JP$A company listed on the Tokyo Stock Exchange Prime under the umbrella of (NTT). Japan's largest company specializing in system integrators. As a holding company, it bundles NTT DATA, which handles domestic business, and NTT DATA, which is responsible for the NTT Group's overseas business. The domestic business has strengths in system development and operation for central ministries and agencies and financial institutions.
Sales and operating profit increased by double digits compared to the previous fiscal year for the fiscal year ended March 24. We plan to increase sales and profit for the fiscal year ending 25/3Doing it.
“CAFIS (CAFIS),” a cashless payment platform with over 40 years of operationIt is also compatible with real-time payments such as “BankPay” and “Kotora,” and will also be used in the stablecoin “Progma Coin” developed by Mitsubishi UFJ Trust and Banking.
The divergence between the closing price on the 28th (2362 yen) and the average target stock price by 13 analysts is 12.90%.
◆ $Hokkoku Financial Holdings(7381.JP$：Japan's first deposit-based stablecoin was issued as a regional currency
A financial holding company centered around the Hokkoku Bank, which has a market share of over 40% in Ishikawa Prefecture. It has business companies such as leasing, credit guarantee, and credit card services under its umbrella. Although ordinary profit declined in the fiscal year ending 2024/3, ordinary income and net income increased sales and profit.Net profit for the fiscal year ending 25/3 is planned to increase 10.4% from the previous fiscal year, ROE will increase 0.4 points to 4.6%, and PBR 0.6 times or more。
The Hokkoku BankThe first domestic deposit-deposit stablecoin “Tochica” service began in April '24I did it. It is a regional currency issued by the bank, and when a user charges from a bank account using the dedicated application “tochitsuka,” it is 1 tochica = 1 yen, and it can be used by QR code settlement at member stores within Ishikawa prefecture. It is planned to proceed with implementation of remittance between individuals within 24 years.
Also, in May '24 $Persol Holdings(2181.JP$Joint studies have begun on cooperation with the fund transfer type stablecoin “JPYC” (currently a prepaid type “not officially approved by the Japanese government”), which is being prepared for issuance by JPYC, which invests in it.
The divergence rate between the closing price on the 28th (5280 yen) and the target stock price according to Morningstar Ratings is 40.43%。
A financial holding company centered around the Hokkoku Bank, which has a market share of over 40% in Ishikawa Prefecture. It has business companies such as leasing, credit guarantee, and credit card services under its umbrella. Although ordinary profit declined in the fiscal year ending 2024/3, ordinary income and net income increased sales and profit.Net profit for the fiscal year ending 25/3 is planned to increase 10.4% from the previous fiscal year, ROE will increase 0.4 points to 4.6%, and PBR 0.6 times or more。
The Hokkoku BankThe first domestic deposit-deposit stablecoin “Tochica” service began in April '24I did it. It is a regional currency issued by the bank, and when a user charges from a bank account using the dedicated application “tochitsuka,” it is 1 tochica = 1 yen, and it can be used by QR code settlement at member stores within Ishikawa prefecture. It is planned to proceed with implementation of remittance between individuals within 24 years.
Also, in May '24 $Persol Holdings(2181.JP$Joint studies have begun on cooperation with the fund transfer type stablecoin “JPYC” (currently a prepaid type “not officially approved by the Japanese government”), which is being prepared for issuance by JPYC, which invests in it.
The divergence rate between the closing price on the 28th (5280 yen) and the target stock price according to Morningstar Ratings is 40.43%。
ー MooMoo News Mark
Source: Each company's website, Nihon Keizai Shimbun
Source: Each company's website, Nihon Keizai Shimbun
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
イイ太郎 : I wonder if it's a stablecoin
ミスターボインジャー : There are so many new banknote brands that honestly acknowledge that they “preempted demand,” so scrutiny is necessary.
182124028 : 9613