TOKYO--(BUSINESS WIRE)--KCR Inc., an independent research and investor relations support company providing reports on various publicly traded Japanese companies, has released a report on Startia, Inc. (TOKYO:3393) reviewing its business strategies and earnings.
Report Highlights
- Startia, Inc. is a total solution company offering office Internet solutions. It is an ICT vendor with unique skills to develop technologies such as e-book production software.
- The company generated 8.682 billion yen (up 6.3% from the previous fiscal year) in net sales, 747 million yen (down 10.0% from the previous fiscal year) in operating income, 878 million yen (up 2.6% from the previous fiscal year) in ordinary income, and 592 million yen (up 37.2% from the previous fiscal year) in net income, achieving revenue growth in all segments. Although operating income decreased due to substantial forward investments, ordinary income remained at the same level.
- In order to achieve its three-year medium-term ordinary income plan, the company will enter into the profit growth phase again, aiming for substantial profit increases, while continuing to make forward investments.
- Hideyuki Hongo, President, Representative Director and CEO of Startia, switched from being a top salesperson to a CEO. The company's strength, forming continuous relationships with customers, shows its true worth.
- The company plans to increase the number of its shareholders and to improve distribution of and liquidity of its stocks.
- Startia's current share price, 1,656 yen, which is based on performance estimates by KCR, is well undervalued. KCR Inc. assigns an overall rating of +2 (BUY) to Startia, Inc. and set a target share price of 2,100 yen.
Read the full research report: http://saas.startialab.com/acti_books/1045176387/24819/
Startia, Inc. is a total solution company offering office Internet solutions, ranging from e-books and ICT network environments to facilities. The company consists of three business segments by service and product type: the Web Solutions (WS), Network Solutions (NS), and Business Solutions (BS) segments. In the fiscal year which ended in March 2015, the company achieved revenue growth in all segments. It generated 8.682 billion yen (up 6.3% from the previous fiscal year) in net sales, 747 million yen (down 10.0% from the previous fiscal year) in operating income, 878 million yen (up 2.6% from the previous fiscal year) in ordinary income, and 592 million yen (up 37.2% from the previous fiscal year) in net income.
Startia, Inc. is targeting 3.4 billion yen in cumulative consolidated ordinary income from fiscal year 2015 to fiscal year 2017; 866 million yen in the first year, 1.134 billion yen in the 2nd year and 1.4 billion yen in the 3rd year. In order to achieve its three-year medium-term ordinary income plan announced in August, 2014, the company will enter into the profit growth phase again. Although it will continue to make forward investments in the hosting service, the company is set to enter into the revenue collection phase. KCR Inc. is projecting that the company will slightly exceed its business plan by generating 10.070 billion yen in net sales, 1.158 billion yen in operating income, 1.158 billion yen in ordinary income, and 637 million yen in net income.
For further details about Startia, Inc., please refer to the following website: https://www.startia.co.jp/ir/?lang=en
Attentions
This report is intended to provide reference information for investment decisions, and is not intended to solicit investment. Although figures and opinions in the report are based on data obtained from sources deemed reliable, KCR Inc. does not guarantee their accuracy. KCR will assume no responsibility for any loss or damage caused by using part or all of these materials. Investors are advised to make investment decisions based on their own judgment and responsibility. Opinions and forecasts described in the report were made as of its preparation date, and we do not make any guarantees about their accuracy and completeness. In addition, these opinions and forecasts may change in the future without prior notice. KCR reserves all rights with respect to the contents. Copying or reproducing the contents without prior approval is prohibited.
