$Reiwa Accounting Holdings (296A.JP)$
Analyst Report of Reihu Accounting Holdings (IR, Stocks, IPO) | Securities Research Center
The Reihu Accounting Holdings Group, consisting of Reihu Accounting Holdings and six consolidated subsidiaries, provides accounting consulting services to large companies including listed companies, investment trusts and commercial real estate funds, health care-related entities such as medical institutions, and organizational entities such as local governments, requiring systematic responses and high specialized knowledge.
Ren Accounting Holdings' consulting business is classified into "Consulting Business (Long)" and "Consulting Business (Short)". Consulting Business (Long) refers to continuous consulting related to accounting, involving the daily recording of transactions based on accounting policies and the preparation of financial statements, and utilizing those accounting figures for management purposes, accounting for 83.2% of the revenue for the 24/3 period, the company's main business.

$Synspective (290A.JP)$
Analyst report on Synspective (IR, stocks, IPO) | Securities Research Center
Synspective operates a satellite data business that involves developing and manufacturing small SAR satellites, selling Earth observation data and images acquired through the operation of a satellite constellation in orbit, and providing solutions utilizing data analysis technology.
Under the Innovative Research and Development Promotion Program (ImPACT) aimed at high-risk and high-impact technology development under the jurisdiction of the Cabinet Office, members who were developing small SAR satellites established the company to implement the technological achievements in society.
Synspective's small SAR satellite achieved a miniaturization of approximately one-tenth by weight compared to conventional large satellites, realizing a compact satellite size and imaging capability comparable to large SAR satellites through foldable SAR antenna (deployable slotted array antenna), high power and advanced thermal control.
In terms of cost, a cost reduction of about one-twentieth in total launch and manufacturing costs compared to large satellites is possible.

$Solize (5871.JP)$
SOLIZE's Analyst Report (IR, Stocks, IPO) | Securities Research Center
1. Company Overview
- SOLIZE is an engineering company that provides a wide range of services from product development to production processes, mainly for the automobile industry. SOLIZE's business consists of the "Design Business," where SOLIZE engineers provide know-how, technology, etc. directly to customer companies for product development, and the "Manufacturing Business," where they produce small-scale production components using 3D printers for prototype and final products used by customer companies.
2. Financial Analysis
- Engineering dispatch to customer companies' design and development departments, entrusted operations, and prototype services using 3D printers have been driving factors. From the fiscal year ending Dec 2021 to Dec 2023, revenue increased by an average of 12.5% per year, and operating profit increased by 2.6 times. However, for the fiscal year ending Dec 2024, although revenue is expected to increase by 13.2%, there is a plan for a 60.5% reduction in operating profit due to the expected increase in various expenses for the future.
- While financial safety is high, profitability is low and inferior compared to similar companies.
3...

$Dely (299A.JP)$
Analyst reports from dely (IR, stocks, IPO) | Securities Research Center
dely operates a platform business consisting of a user base acquired from consumers through services such as recipe video and shopping support apps, connecting manufacturers and retailers providing products and services to consumers, and entertainment platforms. Its main revenue comes from advertising and sales promotion revenue from companies, and management revenue in the entertainment business.
As a retail digital platform service, there is a recipe video service called "KURASHIRU", a shopping support app called "KURASHIRU Reward", a job introduction service called "KURASHIRU Job", and a lifestyle information media called "TRILL". As an entertainment platform, there is a creator management service called "LIVEwith".
KURASHIRU is a recipe video service, providing over 0.25 million recipe videos as of October 24. The recipe videos are distributed through the web, smartphone apps, as well as SNS such as YouTube, Instagram, X, and LINE.

$Reskill (291A.JP)$
Reskill's Analyst Report (IR, Stocks, IPO) | Securities Research Center
Reskill provides training services for companies. The mission of Reskill is to deliver adult education to as many people as possible, aiming to create a society where it is natural for working adults to continue learning even after becoming professionals and solving the challenges of talent development for companies.
In May 2022, Recurrent Co., Ltd. spun off its corporate business division to establish Reskill. Mr. Kota Matsuda, the current president of Reskill, assumed the position of president of Recurrent in July 2015 and in May 2019, he spearheaded the start of corporate training business related to business skills in general.
At that time, Recurrent was operating corporate training business and individual IT school business, with corporate training mainly during the day, and IT school business conducting training and lectures in the evening. As the working hours of the two businesses differed and the business scopes were slightly different, to streamline operations, Reskill was established to transfer the corporate training business.
It should be noted that the representative director of the former Recurrent is Mr. Kota Matsuda's father, Mr. Naoki Matsuda...

$SBI Rheos Hifumi (165A.JP)$
SBI Leos Hifumi Analyst Report (IR, Stocks, IPO) | Securities Research Center
A management company that operates and sells publicly offered investment trusts of the "Hifumi" brand.
SBI Leos Hifumi is an asset management company that operates and sells investment trusts of the "Hifumi" brand, including the "Hifumi Plus", which boasts the largest total net assets among domestic investment trusts mainly investing in Japanese stocks.
The investment trust commission business accounts for 98.6% of the operating revenue in the 24/3 fiscal year and has become a core business. The balance of investment assets at the end of the interim period (hereinafter referred to as the first half) of the 25/3 fiscal year has reached 1.323 trillion yen, of which 951.4 billion yen was sold through sales partners such as securities firms and banks.
◆ The first half financial results for the 25/3 fiscal year show an 11% increase in revenue and a 7% increase in operating profit.
The financial results for the first half of the 25/3 fiscal year showed a 10.8% increase in revenue and a 7.0% increase in operating profit compared to the same period last year. Due to the expansion of commission fees accompanying the increase in the balance of investment assets, operating revenue showed significant growth. However, there was also an increase in advertising and publicity expenses due to new fund inflows, leading to a 0.7% deterioration in operating margin to 18...

$Kuroda Group (287A.JP)$
Kuroda Group's Analyst Report (IR, Shares, IPO) | Securities Research Center
Kuroda Group is a pure holding company that has subsidiaries engaged in manufacturing businesses that manufacture and sell electronic components such as HDD components and LCD production materials, and trading businesses that sell electronic components and electrical materials to mainly automotive and electronics-related customers. In addition to Japan, it offers services in 12 overseas countries including China and Southeast Asia, with overseas sales revenue ratio reaching 45.2% in the fiscal year 24/3.
The Kuroda Group traces its roots back to KM Holdings, established in October 17. KM Holdings was founded as an investment vehicle by MBK Partners JC IV, L.P., an MBK Partners group fund, to privatize Kuroda Electric, which was listed on the TSE first section.
Kuroda Electric was established in October of 45 years with the purpose of wholesaling electrical insulating materials such as bakelite boards. Since its establishment, it has been a specialist in handling electrical materials and electronic components.

$Laxus Technologies (288A.JP)$
Analyst report of Laxus Technologies (IR, Stocks, IPO) | Securities Research Center
Laxus Technologies, with the corporate philosophy of 'Bringing Smiles Across the World,' offers a subscription-based sharing service for brand bags to the general consumers (Laxus Business, app and website named 'Laxus'). Subscription is a mechanism where fixed fees are paid to access goods or services for a certain period, and Laxus Technologies provides a service where brand bags can be used on a monthly basis.
Founded in August 2006 in Hiroshima City, Laxus Technologies initially engaged in the sale of English conversation materials and health food. In February 2015, they started a subscription-based sharing service for brand bags, and in January 2017, they changed their current company name. They withdrew from the sale of English conversation materials and health food in July 2019.
In October 2019, the leading comprehensive apparel company, World (Stocks 3612 on the Main Board of the Tokyo Stock Exchange), acquired a majority stake in the company's stocks, becoming the parent company (initial ownership ratio at the time of listing was 44....

$Abeja (5574.JP)$
ABEJA Analyst Report (IR, Stocks, IPO) | Securities Research Center
◆ Business Description
- ABEJA conducts digital platform business to support customer companies' Digital Transformation (DX) using the ABEJA Platform developed in-house. The ABEJA Platform provides processes from data generation to collection, processing, and AI modeling required for DX execution, offering a set of software for continuous and stable operation.
Overview of the financial results for the fiscal year ending in August 24th.
- Sales for the 24/8 period were 2,766 million yen (a 0.3% decrease from the previous period), and operating profit was 290 million yen (a 27.9% decrease). Despite sales remaining at a similar level to the previous period due to a decrease in transactions with existing customers, the increase in costs associated with proactive hiring of engineers and consultants led to a decrease in operating profit, significantly below the Financial Estimates of 383 million yen by the Securities Research Center (hereafter, the Center).
Performance forecast for the fiscal year ending in August 25th.
・The company's 25/8 fiscal year plan forecasts revenue of 3,260 million yen (a 17.8% increase from the previous period), operating...

$Eucalia (286A.JP)$
Yukaria's analyst report (IR, stocks, IPO) | Securities Research Center
The Yukaria Group consists of Yukaria, 10 consolidated subsidiaries, 5 unconsolidated subsidiaries, and 5 equity method unapplied related companies, engaging in health care-related businesses.
The company operates a comprehensive medical management support business that supports financially troubled hospitals, a senior-related business that provides consultation and facility introductions for elderly care facilities and operates elderly care facilities, and an advanced management medical devices business that manufactures and sells contact lenses.
In the 23/12 fiscal year, the revenue composition was 29.9% for the comprehensive medical management support business, 36.9% for the senior-related business, 33.0% for the advanced management medical devices business, and 0.2% for others.
In the comprehensive medical management support business, partnerships are formed with financially troubled hospitals to provide support services. Specific support services include providing management consulting to revitalize hospitals needed in the region, funding support such as sale and leasebacks of hospital-owned real estate and factoring of medical fee claims, promoting digital transformation of hospital operations, and procurement of medical supplies, ...