Points of Corporate Analysis

Companies you will meet

Companies from a variety of fields participate in Akaiito-Kai.
It could be a company you will work for in the future, or a company with which you will conduct collaborative research.
You may encounter some specialized subjects, or even encounter fields you never thought of before.
You never know where your fateful encounter will occur.

First, visit

Please take a look at the website of the company you will be meeting. Websites are a treasure trove of information about what you want to ask and talk about when you meet with company representatives.
You can also get a quick look at what research and development they are conducting and what they are aiming for.
Corporate websites contain a lot of interesting information to help people learn more about their company.

Analyze from the data!

PhDs are analytical specialists, so they can read "securities reports."
A securities report is a "bulk of information" about a company. By reading it, you can obtain information on different levels.
If you visit the website of a company you are interested in and look at pages such as IR (Investor Relations) Library, IR Reference Room, IR Reports, etc., you will find their securities reports posted.
Securities reports are information for investors that listed companies are legally required to disclose, and they contain the truth about everything from research and development policies to business risks, including things that companies don't want to say.

Benefits of reading securities reports

You can read the real data!
The research and development policy is clearly stated!
Find out what areas you are focusing on!
The level of conversation when talking with people from companies will change completely!!

Looking at the table of contents, you will find a variety of information, such as "Trends in key management indicators," "Research and development activities," and "Employee status."
This also gives you an idea of how much a company is investing in research and development.

An example of how to read a securities report

1. Look at the "Ratio of R&D Expenses to Sales"

This is the ratio of how much research funds "companies with high sales" spend.
The securities report contains all the information about what the company is doing based on its sales.
For example, you will be able to find out whether "high sales mean high research expenditures."

Let me give you an example.

Prerequisites

In many cases, roughly half of a company's research and development investment goes to labor costs.
The other half is research and development expenses.

Case 1: Company A

If sales revenue is 2.7 trillion yen and the R&D investment ratio is 1%, personnel expenses will be 13.5 billion yen, and the remaining 13.5 billion yen will be spent on research.

Case 2: Company B

If sales revenue is 800 billion yen (about 1/3 of Company A's) and the R&D investment ratio is 25%, labor costs will be 100 billion yen and the remaining 100 billion yen will be spent on research.

It is clear that Company B's business with Company A requires research and development expenses.
However, a comprehensive assessment of the type of business the company is engaged in is required.
If two companies are in the same industry, you can estimate which one is more focused on research.

2. Take a look at "Research and Development Activities"

The research and development activity issues allow you to read the company's current situation, policies, and where it is focusing its efforts.
Masu.

3.Other

Under "Business Status," read the "Summary of Performance, etc.", "Issues to be addressed," and "Business, etc. Risks."

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