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E-Guarantee Research Memo (8): Working on achieving a dividend payout ratio of 50% or more and continuously improving DOE, aiming for consecutive dividend increases.
■I-Guarantee <8771>'s shareholder return plan and SDGs initiatives. 1. Shareholder Return Plan Shareholder return plan is based on the basic policy of implementing dividends according to performance, taking into account the enhancement of financial structure and the accumulation of necessary internal reserves for proactive business development. As for the level of dividends, it is set at a dividend payout ratio of 50% or more, and we are working on continuous improvement in the DOE (Dividend on Equity) to aim for ongoing dividend increases since our listing. The dividend per share for the fiscal year ending March 2024 is compared to the previous year.
E-Guarantee Research Memo (6): It is expected that the profit growth trend will return to double digits after the fiscal year ending in March 2026.
■E Guarantee <8771> future outlook 1. The performance outlook for the fiscal year ending March 2025 is as follows: Consolidated performance for the fiscal year ending March 2025 is expected to achieve revenue of 10,100 million yen, an increase of 10.2% compared to the previous year, operating profit of 5,100 million yen, an increase of 5.2%, ordinary profit of 5,200 million yen, an increase of 6.1%, and net income attributable to the parent company's shareholders of 3,450 million yen, an increase of 5.7% for the 23rd consecutive period of revenue and profit growth. The growth rate is expected to slow down to a single-digit range due to aggressive investment in personnel expenses.
E-Guarantee Research Memo (4): The domestic market size of accounts receivable exceeds 200 trillion yen, with significant growth potential for credit risk guarantee services.
■ Company Overview of E-Guarantee <8771> 3. Market Size The market size of accounts receivable (promissory notes, accounts receivable, etc.) targeted by the company's main services exceeds 200 trillion yen. Not all of these accounts receivable require credit risk guarantee services, but such services are generally popular in Europe and the United States, and we see high potential growth. According to the Ministry of Finance's "Corporate Enterprise Statistics Survey," the market size was 240 trillion yen at the end of March 2024 (financial insurance industry).
E-Guarantee Research Memo (2): Providing accounts receivable guarantee services for inter-company trades, continuing to grow as a high-earnings company.
■Company Overview of E Guaranty <8771> 1. Company HistoryThe company was founded by Masanori Eda, the current president and representative director, as a subsidiary of an internal company in September 2000, the third year of his employment at Itochu Corporation <8001>. Initially, it was commercialized in order to guarantee the unrecovered receivables (promissory notes, accounts receivable, etc.) in BtoB business on the internet, but the demand was lower than expected, so it was
E-Guarantee Research Memo (1): Seize the market environment changes as an opportunity, aiming for an operating profit of 10 billion yen for the fiscal year ending in March 2028.
■Summary E Guaranty <8771> specializes in providing credit risk guarantee services for corporate accounts receivable. Utilizing a stock-based business model where 'guaranteed debt × guarantee fee rate' becomes revenue, their strength lies in the ability to set the optimal guarantee fee rate through the collection and assessment of information on over 0.03 million companies each month. They mainly acquire new customers through affiliated financial institutions, maintaining a repeat rate of over 90% and continuing growth by accumulating guaranteed debt. 1. 2024.
List of cloud breakout stocks (Part 3) [Ichimoku Kinko Hyo and Cloud Breakout stocks]
List of stocks that broke through the clouds: Market Code Company Name Closing Price Leading Span A Leading Span B Tokyo Stock Exchange Prime <7911> TOPPAN 4143 4469.25 4145 <7970> Shin-Etsu Polymer 1517 1526.25 1521 <8060> Canon MJ 4358 4515.5 4461 <813>
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