8508 J Trust
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J Trust News
J Trust Research Memo (7): The company has sufficient funds and the stability of the group is high.
■Performance Trends 3. Financial Condition The total assets of J-Trust <8508> at the end of the second quarter of the fiscal year ending December 2024 increased by 116,727 million yen compared to the previous period, reaching 1,331,442 million yen. This was mainly due to a decrease of 18,099 million yen in other financial assets, while cash and cash equivalents increased by 29,986 million yen, securities in the banking business increased by 31,381 million yen, and loans in the banking business increased by 63,466 million yen. The total liabilities increased by 106,3
J-Trust Research Memo (6): The operating margin of the Southeast Asia financial business has improved to 6.1% and contributed to the group's performance.
For the second quarter of the fiscal year ending December 2024, the operating revenue of J-Trust <8508> was 231.93 billion yen (an increase of 32.6% from the same period last year), and the operating profit was 14.1 billion yen (an increase of 83.8% from the same period last year).
J Trust Research Memo (5): Despite increased revenue in South Korea and Mongolia financial businesses, there is an operating loss due to economic downturn and deterioration in loan quality.
■Business Performance Trends (2) Operating revenue for the second quarter of the fiscal year ending December 2024 for J Trust, a South Korean and Mongolian financial company (8508), was 23,494 million yen (an increase of 2.7% compared to the same period last year), and operating loss was 1,256 million yen (compared to a loss of 1,196 million yen in the same period last year). The increase in operating revenue was due to the decrease in lending by savings banks, but the increase in interest income from the rise in new lending rates resulted in increased revenue. Operating profit was affected by the worsening economy and the deterioration of credit and resulted in an increase in provision for doubtful accounts and the sale of credits.
J Trust Research Memo (4): Japan's financial business achieves increased revenue and profit. It has achieved a high operating margin of 41.7%.
■ Performance Trends 2. J Trust <8508> has achieved growth into a comprehensive financial group in Asia by expanding its business model overseas. Currently, it operates in five business segments: Japan Financial Business, South Korea and Mongolia Financial Business, Southeast Asia Financial Business, Real Estate Business, and Investment Business. (1) In the second quarter of the fiscal year ending December 2024, the operating revenue of the Japan Financial Business was 803.3 million yen (an increase of 17.8% compared to the same period of the previous year), operating profit...
J-Trust Research Memo (2): Growth as an Asia financial conglomerate
■Company Overview1. Business DescriptionJ Trust <8508> is a holding company that oversees financial businesses and other businesses both domestically and overseas. It is listed on the Tokyo Stock Exchange's Standard Market and has achieved growth as a comprehensive financial conglomerate in Asia by expanding overseas using the know-how gained in Japan. The company group has been aiming for sustainable profit expansion with the Japanese financial business, the Korean and Mongolian financial business as a base, and the Southeast Asian financial business as a leading role. However, due to the new coronavirus infection
J-TRUST Research Memo (1): The second quarter of the fiscal year ending December 2024 is progressing at a pace that exceeds the plan.
J-Trust <8508> is a holding company that owns domestic and international financial businesses. It is listed on the Tokyo Stock Exchange (TSE) Standard Market. Under the current President and CEO, Nobuyoshi Fujisawa, the company has continued to grow through numerous M&A deals both domestically and internationally, focusing on financial businesses in Japan, South Korea, Mongolia, Southeast Asia, and real estate business. Based on the new 3-year plan, the main focus is on the financial business.
KeyH Research Memo (10): Topos Enterprise with Expected Medium-term Profit Contribution.
■KeyHolder<4712> performance trends 4. Regarding Topos Enterprise, the company plans to make Topos Enterprise a subsidiary in October 2024, and expand its business domain to warehouses and transportation. In October 2023, in response to Gaia inc., which operates pachinko halls, filing for civil rehabilitation, Topos Enterprise, which had guaranteed some of Gaia's financial debts, is seeking business reconstruction through civil rehabilitation proceedings in order to continue its operations.
J-Trust - Appeal by GL withdrawn, decision to initiate settlement procedures for GLH.
J Trust <8508> announced on the 28th that the appeal by Group Lease PCL (GL) has been withdrawn and the decision to initiate the liquidation proceedings of GL's subsidiary, Group Lease Holdings (GLH), has been confirmed. J Trust Asia PTE, a subsidiary of J Trust, has a judgment claim of approximately 18.173 billion yen and its interest against GL, Yukio Kamiya, and four other parties based on the final judgment of the Singapore court. Singapore High Court
J Trust---In the second quarter, there was an increase in revenue, and the Japan financial and Southeast Asia financial businesses achieved double-digit revenue and profit growth.
On the 9th, J-Trust <8508> announced its consolidated financial results (IFRS) for the second quarter of the fiscal year ending in December 2024 (January-June 24). Operating revenue reached a record high for the interim period, increasing by 22.2% from the same period last year to 65.427 billion yen. Although operating profit decreased by 78.4% to 2.057 billion yen, pre-tax profit decreased by 64.1% to 4.031 billion yen, and the interim profit attributable to the parent company decreased by 83.6% to 2.762 billion yen, this is due to the consolidation accounting period of the previous interim period for Mila Innovate.
J-Trust --- Expanding the limit for repurchasing its own shares.
On the 9th, J-Trust <8508> approved the expansion of its share buyback program. Based on the current status of share buybacks and the stock market trend, this change aims to achieve appropriate shareholder value by further returning profits to shareholders and improving capital efficiency. Initially, the total number of shares available for purchase was limited to 4,000,000 shares (2.91% of the total issued shares), but it has now been changed to a ceiling of 6,000,000 shares (4.36% of the total issued shares).
J Trust: Interim Report - 49th Fiscal Year (January 1, 2024 - December 31, 2024)
J Trust: Supplementary Explanation Material for the Second Quarter (Interim Period) Financial Statements for December 2024.
J Trust: 2Q of FY December 2024 interim consolidated financial statements (IFRS)
J Trust - Status of Acquisition of Treasury Stock
On the 2nd, J-Trust <8508> announced the acquisition status (progress) of treasury stock based on the provisions of Article 156 of the Corporate Law as interpreted and applied under the provisions of Article 165, paragraph 3 of the same law. The acquisition period is from July 1, 2024 to July 31, 2024 (on a contract basis), and the total number of shares acquired is 555,900, with a total acquisition cost of 230,094,100 yen.
Ranking of Volume Change Rate (9:00) - JVCKW, Monster Lab and others are ranked.
In the volume change rate ranking, by comparing the volume of the past 5 days to the volume on the day of delivery, you can understand the market participants' interests such as tendencies in seeking stocks. The top volume change rates as of August 2, 9:34 (comparing with the past 5-day average volume) are as follows: Code Name Volume Average Volume for 5 days Volume Change Rate Stock Price Change Rate ＜1369＞ One225 21206 107185.08 170.28% -0.0442
Volume change rate ranking (14th hour) - Ein HD, Tim and others ranked.
In the volume change rate ranking, by comparing the volume of the past five days with the volume on the delivery date, you can learn about the interests of market participants, such as trends in trading. Top volume change rate [As of 14:32 on July 4] (comparison of average volume for the past five days) Code Name Volume Average volume for 5 days Volume change rate Stock price change rate <4891> Tim's 8695100 129759.28 317.84% 0.0632.
J-Trust - Subsidiary listed on Tokyo Pro Market of the Tokyo Stock Exchange
On the 20th, J Trust <8508> announced that its subsidiary Globeless has listed its shares on Tokyo Pro Market (TPM) opened by the Tokyo Stock Exchange. Globeless is a comprehensive real estate company that engages in real estate development and real estate solution businesses. The listing was approved to enhance the company's ability to raise investment funds for future growth.
J-Trust Research Memo (4): Planning for operating income growth without including negative goodwill in the fiscal year ending December 2024.
Financial estimates for the consolidated results of the 2024 fiscal year ending in December will remain unchanged, with an operating income of 1,280,000,000 yen (+12.0% YoY), operating profit of 740,000,000 yen (-8.2% YoY), pre-tax income of 820,000,000 yen (-16.1% YoY) and net income attributable to owners of the parent company of 640,000,000 yen (-60.8% YoY) expected. The performance forecast at J-Trust Co., Ltd. (8508) is highly conservative. Operating revenue is expected to be stable in the financial business in Japan.
J-Trust Research Memo (3): The operating revenue of the first quarter of the fiscal year ending in December 2024 has reached a record high (2).
For the first quarter of the fiscal year ending December 2024, operating revenue was ¥1,122.7 billion (an increase of 36.2% compared to the same period last year), and operating profit was ¥102.6 billion (an increase of 32.3%).
J-Trust Research Memo (2): In Q1 of the December 2024 fiscal year, operating income reached a record high (1).
Performance Trends 1. Overview of performance for the first quarter of the 2024 fiscal year: For the first quarter of the 2024 fiscal year of J-Trust Co., Ltd. <8508>, operating revenue was JPY 31,554 million (an increase of 21.2% compared to the same period last year), operating loss was JPY 281 million (compared to a profit of JPY 10,135 million in the same period last year), pre-tax profit was JPY 563 million (a decrease of 94.8% compared to the same period last year), and quarterly profit attributable to owners of the parent company was a decrease in profit of JPY 38 million (a decrease of 99.6% compared to the same period last year). Operating revenue was the largest ever for a first quarter.
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