Japan/Asia Long-Short, LightStream Research

Mio Kato

Japan/Asia Long-Short

Japanese and Asian equity long/short strategies

Uzabase

Specialising in Japanese and Asian equity long/short strategies with a focus on rigorous, but targeted quantitative analysis to temper evaluations of company strategy, potential and vision. At Uzabase, our team of analysts provides coverage of industry dynamics with a local Asian flavour on Speeda, our financial information platform. Going forward we are aiming to channel our focus toward thematic research on emerging industries and company research.

Thematic (Sector/Industry)

With a five-day weekend upon us in Japan, we take the opportunity to briefly review some of our ideas to date and offer a selection of our highest conviction ideas for Japan's new fiscal year. We measure performance from the closing price on the day after any particular insight.<div class="content-highlight"><a href="https://www.smartkarma.com/entities/14050" target="_blank" data-smartkarma-citation="entities:14050:1">Dowa Holdings Co Ltd (5714 JP)</a></div>We initiated on Dowa with a bullish stance on 16 Sep 2016  conducting a detailed examination of segmental earnings drivers and sensitivities in <a href="https://www.smartkarma.com/insights/deconstructing-dowa-holdings-deepening-analysis-using-regressions-and-unlisted-company-financials" target="_blank" data-smartkarma-citation="insights:5796">Deconstructing Dowa Holdings: Deepening</a>…

With a five-day weekend upon us in Japan, we take the opportunity to briefly review some of our ideas to date and offer a selection of our highest conviction ideas for Japan's new fiscal year. We measure performance from the closing price on the day after any particular insight.Dowa Holdings Co Ltd (5714 JP)We initiated on Dowa with a bullish stance on 16 Sep 2016  conducting a detailed examination of segmental earnings drivers and sensitivities in Deconstructing Dowa Holdings: Deepening…

Japan TMT Analyst

Pelham Smithers

Market Intel on Asian Tech with a Japan focus

Pelham Smithers Associates

Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods. 

Research is provided by the following:
Pelham Smithers: Macro, consumer electronics, telecoms & pharma
Joel Scheiman: Electronics materials / components
Julie Boote: Autos
Will Nestuk: Capital goods, machinery & transportation equipment parts
Thao Nguyen: eCommerce, internet content, marketing & advertising

This week sees the start of Japan’s earnings season with <a href="https://www.smartkarma.com/entities/2458" target="_blank" data-smartkarma-citation="entities:2458:1">Yaskawa Electric Corp (6506 JP)</a> reporting on 20th and <a href="https://www.smartkarma.com/entities/16195" target="_blank" data-smartkarma-citation="entities:16195:1">Tokyo Steel Mfg Co Ltd (5423 JP)</a> reporting on 21st. Whereas in previous years, results season has been pretty predictable, there’s little in the way of consensus about this year’s. Whilst the March quarter started off optimistically, sentiment deteriorated through the quarter as the yen rallied. That said, we go into FY17, with pretty easy YoY comparisons through September, so unless…

This week sees the start of Japan’s earnings season with Yaskawa Electric Corp (6506 JP) reporting on 20th and Tokyo Steel Mfg Co Ltd (5423 JP) reporting on 21st. Whereas in previous years, results season has been pretty predictable, there’s little in the way of consensus about this year’s. Whilst the March quarter started off optimistically, sentiment deteriorated through the quarter as the yen rallied. That said, we go into FY17, with pretty easy YoY comparisons through September, so unless…

Japan Earnings - Thumbnail Preview of Those Reporting Early

Making sense of the Global Market, Euromonitor International Ltd.

Yu Mitsuhashi

Making sense of the Global Market

Euromonitor International Ltd.

We are a global market research company focused on industries, countries, economies and consumers worldwide. Our cross-country comparable research helps your organisation identify opportunities and develop growth strategies in countries and regions across the globe. With offices around the world, 1,200 analysts in 100 countries and market research on every key trend and driver, we give you powerful access to the real story behind consumer change.

The analyst viewpoint series features interviews with analysts from several of the 46 markets covered in Euromonitor’s Consumer Finance research programme, discussing key payment trends or developments in their respective research markets.

The analyst viewpoint series features interviews with analysts from several of the 46 markets covered in Euromonitor’s Consumer Finance research programme, discussing key payment trends or developments in their respective research markets.

Analyst Viewpoint on Consumer Finance : Japan

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/makino-milling-machine-co" target="_blank" data-smartkarma-citation="entities:5200:1" rel="noopener">Makino Milling Machine Co (6135 JP)</a> shares fell 8.8% after it confirmed the Nikkei report that the Japanese government has advised MBK to halt its acquisition on national security grounds.</li>
<li>However, after market close, the <a href="https://asia.nikkei.com/business/business-deals/japan-backed-nssk-to-seek-takeover-of-makino-milling-machine" target="_blank" rel="noopener">Nikkei reported</a> that Nippon Sangyo Suishin Kiko (NSSK), a Japanese investment company, plans to make a higher competing tender offer.</li>
<li>While the NSSK offer will be preconditional on regulatory approvals, it will not require FEFTA approval. I estimate the NSSK potential offer to be between JPY12,500 and JPY13,000.</li>
</ul>



Makino Milling Machine Co (6135 JP) shares fell 8.8% after it confirmed the Nikkei report that the Japanese government has advised MBK to halt its acquisition on national security grounds.
However, after market close, the Nikkei reported that Nippon Sangyo Suishin Kiko (NSSK), a Japanese investment company, plans to make a higher competing tender offer.
While the NSSK offer will be preconditional on regulatory approvals, it will not require FEFTA approval. I estimate the NSSK potential offer to be between JPY12,500 and JPY13,000.


Makino Milling Machine (6135 JP): A Rollercoaster Ride as NSSK Rumoured to Launch a Competing Bid

In this second of a series of articles examining the FashionTech scene in Japan, Euromonitor International looks at Japanese FashionTech companies operating in BtoC areas, particularly via sharing economy and personalisation. For the first article, please click <a href="https://www.smartkarma.com/insights/can-tech-save-the-declining-japanese-apparel-industry-fashiontech-series-1-3" target="_blank">here</a>.

In this second of a series of articles examining the FashionTech scene in Japan, Euromonitor International looks at Japanese FashionTech companies operating in BtoC areas, particularly via sharing economy and personalisation. For the first article, please click here.

Can Tech Save The Declining Japanese Apparel Industry? Fashion-Tech Series (2/3)

Japan

YASKAWA Electric Corporation manufactures and markets servomotors, controllers, inverters, and industrial robots.  The Company's products include spindle controllers, computerized numerical control (CNC) systems, and system engineering.

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Yaskawa Electric (6506 JP)

Golden Ideas for Golden Week

With a five-day weekend upon us in Japan, we take the opportunity to briefly review some of our ideas to date and offer a selection of our highest...

Mio Kato

Japan Earnings - Thumbnail Preview of Those Reporting Early

This week sees the start of Japan’s earnings season with Yaskawa Electric Corp (6506 JP) reporting on 20th and Tokyo Steel Mfg Co Ltd (5423 JP)...

Pelham Smithers Associates

Analyst Viewpoint on Consumer Finance : Japan

The analyst viewpoint series features interviews with analysts from several of the 46 markets covered in Euromonitor’s Consumer Finance research...

Euromonitor International Ltd.

Makino Milling Machine (6135 JP): A Rollercoaster Ride as NSSK Rumoured to Launch a Competing Bid

While the NSSK offer will be preconditional on regulatory approvals, it will not require FEFTA approval. I estimate the NSSK potential offer to be...

Arun George

Can Tech Save The Declining Japanese Apparel Industry? Fashion-Tech Series (2/3)

In this second of a series of articles examining the FashionTech scene in Japan, Euromonitor International looks at Japanese FashionTech companies...

Euromonitor International Ltd.

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