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Joshin Denki Earns AAA MSCI ESG Rating
List of stocks breaking through clouds (weekly) (part 2)
○ List of stocks breaking through the cloud market Code Stock Name Closing Price Leading Span A Leading Span B Main Board ＜1375＞ Yukiguni Maitake 1011 1018.75 1020 ＜1721＞ Comsys Holdings 324034113253.5 ＜1814＞ Daisue Construction 15521663.251560.5 ＜1873＞ Japan House HD 321326330 ＜1887＞ Japan National Land Development 502508.25562.5
Company Research Report: Joshin Denki Co., Ltd. (8173)
Akihabara Electric New Research Memo (8): Financial estimates have been lowered, but dividends are maintained at 100.0 yen.
■ The shareholder return policy of Shin Electric <8173> positions profit return to shareholders as one of its important management challenges. While strengthening profitability and improving its business foundation, the company aims to implement stable and continuous profit returns to shareholders, taking into account the status of internal reserves and the surrounding business environment. Under this policy, the medium-term management plan also sets a target of a dividend payout ratio of over 30%, indicating its intention to conduct stable and sustainable shareholder returns, although there is a need for further improvements.
Up-to-date Electrical Research Memo (5): In the second quarter of the fiscal year ending in March 2025, both revenue and operating profit fell short of the initial plan.
■ The performance trends of Joshi Electric Co., Ltd. <8173> 1. Overview of the performance for the second quarter of the fiscal year ending March 2025. The consolidated performance for the cumulative second quarter of the fiscal year ending March 2025 shows a revenue of 191,986 million yen, a 2.8% decrease compared to the same period last year, an operating profit of 1,838 million yen, a 59.9% decrease compared to the same period last year, an ordinary profit of 1,777 million yen, a 60.9% decrease compared to the same period last year, and net profit attributable to shareholders of the parent company of 2,196 million yen, a 29.4% decrease compared to the same period last year. This is against the initial financial estimates announced at the beginning of the period, which expected a revenue of 198,000 million yen.
Research Memo on Shin Denki (2): A home appliance retailer with a focus on developing community-oriented services based in Osaka (1).
■ Joshin Denki <8173> company overview 1. Company overview The company is a major electronics retailer in japan, operating 218 stores as of the end of September 2024, and is also known as a sponsor of the professional baseball team Hanshin Tigers. Among them, there are 207 directly operated stores, 4 franchise stores, and 7 affiliated companies (the company is a franchisee of BOOK OFF and TSUTAYA and also operates specialty stores that sell rental music, video software, and used books).