4308 J-Stream
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J-Stream News
J-Stream - Matters related to business plan and growth potential.
J-Stream Co., Ltd. <4308> announced on the 13th about its business plan and growth potential. The revenue target for the 2024 fiscal year is JPY 11.72 billion, which is 4% higher than the actual result of JPY 11.27 billion for the 2023 fiscal year. Operating profit is projected to increase by 23.2% to JPY 698 million, ordinary profit by 21.3% to JPY 709 million, and net income attributable to parent company shareholders by 22.5% to JPY 365 million. From the fiscal year 2024 and beyond, J-Stream will respond to the post-COVID-19 market conditions, capture the needs of individual companies, and achieve stable operation with cutting-edge technology.
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J-Stream Research Memo (12): The estimated year-end dividend for the fiscal year ending March 2025 is 14.0 yen per share.
J-Stream (4308) considers shareholder returns to be one of the most important management challenges and aims to increase the market value of its shares by considering the business environment and performance comprehensively and returning profits to shareholders. While taking into account the investment level for business expansion, the basic policy is to actively implement profit returns with stability and continuity in mind based on past payment records. For the fiscal year ending March 2024, sales are expected to be lower than the initial forecast.
J-Stream Research Memo (10): Aiming to return to a growth trend by using the failure to achieve performance as a springboard.
Performance trends of J-Stream <4308>. 3. Comparison with initial performance estimates. Compared to the initial performance estimates, revenue fell short by 2,053 million yen and operating profit fell short by 1,098 million yen. The first factor of the shortfall was in the pharmaceutical field, where many major customers narrowed down their webinars and events. Factors such as the recoil reduction in the company's performance due to the coronavirus pandemic, price pressure due to drug price revisions, and the relative decline of the Japanese market due to the weakness of the yen resulted in restrictions on customer budgets.
J-Stream Research Memo (9): while spot usage is struggling to grow, long-term platform projects are expanding.
Performance trend of J-Stream <4308>.2 Sales trends by marketFor the market-based (individualized by the company, old standards) sales trends for the fiscal year ending March 2024, the sales trends by market were 40,110 million yen for the pharmaceutical field (11.7% decrease from the previous period), 27,400 million yen for the EVC field (7.6% decrease from the previous period), and 25,920 million yen for the OTT field (9.3% increase from the previous period). In the main pharmaceutical field, sales decreased due to the reduction in promotional activities for large customers. In addition, the impact of the transition to the fifth category of the new coronavirus infection and the return to reality.
J-Stream Research Memo (8): Impact of Real Regression Due to the Transition to Level 5 of the Novel Coronavirus Infection
Performance trends: 1. The performance for the fiscal year ending in March 2024 of J-Stream Co. Ltd. <4308> was revenue of 11,266 million yen (-9.9% YoY), operating profit of 566 million yen (-65.9%), ordinary profit of 585 million yen (-64.6% YoY), and net income attributable to shareholders of the parent company of 298 million yen (-65.8% YoY). Even though the COVID-19 pandemic rapidly accelerated online transition across various industries, the fifth change in COVID-19 infection classifications occurred in May 2023.
J Stream Research Memo (7): One-stop solution for all the necessary features for utilizing videos.
■Market Environment and Strength 2. J-Stream's strength <4308> in the video delivery market is its in-house developed video sharing/distribution platform, "J-Stream Equipmedia," and its in-house built CDN service, "J-Stream CDNext," as well as live streaming/on-demand streaming, video planning/production, video advertising, website creation/system development, website operation, and all other necessary functions for utilizing video, which are all available in one strength.
J-Stream Research Memo (6): It is expected that online will regain its growth power in 2024 when real regression comes to an end.
Market environment and strength: 1. In the video distribution market, there are few specialized companies like J-Stream <4308> that can respond to various video distribution services in total. However, some companies that are partially similar are Brightcove Inc <BCOV> and Vimeo Inc <VMEO> in the video sharing and distribution platform, and Akamai Technologies, Inc. <AKAM> and Amazon Cloud in the CDN business.
J-Stream Research Memo (4): Provides services such as "J-Stream Equipmedia" (2)
■ Business description of J-Stream <4308> (3) Live streaming service With the progress of streaming technology and the coronavirus pandemic, live streaming using the internet has rapidly expanded, including at shareholder meetings, IR events, specialized seminars, sports and concerts, promotions, internal information sharing and training. In addition, the proliferation of mobile devices has also pushed forward the use of live streaming, as viewers no longer choose where to access information. However, live streaming by general companies
J-Stream is expanding its video solution business widely for corporations according to its research memo (2).
■Business Overview J-Stream <4308> offers a wide range of video solution services for businesses, providing various software, networks and expertise for delivering videos online. Its main services include J-Stream Equipmedia, a video sharing and delivery platform equipped with all the necessary features for streaming videos, and J-Stream CDNe, a CDN service that can handle large amounts of traffic.
J-Stream Research Memo (1): Although the performance for the fiscal year ending in March 2024 was difficult, there will be an increase in business profit for the fiscal year ending in March 2025.
Summary: J-Stream <4308> is extensively expanding its video solution business, such as providing one-stop systems for distributing video over the Internet and broadly developing video solution business for enterprises. The main services are the video sharing/delivery platform 'J-Stream Equipmedia' and the delivery network 'J-Stream CDNext,' with their own developed 'J-Stream'.
J-Stream --- A video explaining the duties of auditors, etc. and their importance in an easy-to-understand manner with illustrations and live action of the Japan Audit & Supervisory Board Association
J-Stream ＜4308＞ announced an introduction case to the Japan Audit & Supervisory Board Association on the 30th. The Japan Audit & Supervisory Board Association is working on “promoting understanding of the duties of auditors, etc. using videos” as one of the 50th anniversary commemorative projects, and the company was in charge of the video production. The main viewers of the video are business executives at the corporate manager level and above, and the structure is that live action is sandwiched between illustrated explanatory videos so that they can watch with interest until the end and understand the content smoothly. The completed video is the 50th anniversary
J-Stream --- Implement year-end dividends for the fiscal year ending 2024/3
J-Stream ＜4308＞ announced on the 14th that it will implement year-end dividends on retained earnings with 2024/3/31 as the reference date. The company's sales profit for the fiscal year ending 2024/3 fell below the full-year forecast announced on 2024/4/27, but dividends will be implemented as expected based on past payment results and in consideration of stability and continuity. The year-end dividend for the fiscal year ending 2024/3 will be 16 yen per share. The total amount of dividends is 397 million yen, and the effective date is 6/27.
J-Stream: Notice regarding dividends from surplus
J-Stream --- even though sales declined in the fiscal year ending March 24, we will focus on providing solutions leading to stable results and expanding the business from the next fiscal year onwards
J-Stream ＜4308＞ announced consolidated financial results for the fiscal year ending 2024/3 on the 30th. Sales decreased 9.9% from the previous fiscal year to 11.266 billion yen, operating profit decreased 65.9% to 566 million yen, ordinary profit decreased 64.6% to 585 million yen, and net income attributable to parent company shareholders fell 65.8% to 298 million yen. In the EVC area (pharmaceuticals) on the sales side, drug price revisions are made in areas such as live streaming for main web lecture applications and attracting customers and various arrangements associated with event implementation
J-Stream --- Difference between full-year consolidated earnings forecasts and actual values for the fiscal year ending 2024/3, and between actual values for individual financial results and actual values for the previous fiscal year
J-Stream ＜4308＞ announced on the 30th that there was a difference between the consolidated earnings forecast value and the actual value for the full fiscal year ending 2024/3 announced on 2024/10/26, and that actual values in individual accounts fluctuated more than a certain amount from the actual value for the previous fiscal year. As for the full-year results for the fiscal year ending 2024/3, sales fell below expectations due to narrowing down the implementation of events such as web lectures, etc., and a slowdown in content production for providing information on the web, video, etc., progressed, and a real return to events, etc., progressed
Weakness, depreciation of US stocks, and rising interest rates are heavy
[Emerging Markets Individual Stock Strategy] Today's emerging markets are expected to develop softly. Yesterday, 4/30, in the US stock market, the Dow average fell sharply to 37,815.92 dollars, weakening 570.17 dollars (-1.49%) for the first time in 3 days. Since the employment cost index for the fiscal year ending January-March grew more than expected, expectations of interest rate cuts receded, and stock prices weighed on stock prices. Also, since the April Chicago Purchasing Department Association Business Index and Consumer Confidence Index fell significantly below expectations, concerns about stagflation were rekindled, and further sales
J-Stream Sees FY Net Y365.00M
J-Stream Inc. also released the following forecasts: GROUP Year Ending Mar 2025 Revenue Y11.72 bln Operating Profit Y698.00 mln Pretax Profit
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J-Stream Sees FY Net Y219.00M
J-Stream Inc. also released the following forecasts: GROUP Year Ending Mar 2024 Revenue Y11.48 bln Operating Profit Y516.00 mln Pretax Profit
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