Expert on Japan Retail and Consumer Markets, JapanConsuming

Michael Causton

Expert on Japan Retail and Consumer Markets

Real Insight on Japanese Consumer Markets

JapanConsuming

JapanConsuming is a specialist research firm producing intelligence on Japanese retail and consumer markets. Founded in 2000, JapanConsuming has become the leading provider of insights on Japanese retailers and consumer trends to retailers, brands, government agencies and investors. As well as a highly regarded monthly report on the market, JapanConsuming produces in-depth reports on retail sectors, seminars on key trends and telephone consulting to investors on trends and retailers.

JapanConsuming was founded by Michael Causton and Roy Larke. 

Thematic (Sector/Industry)

<ul class=""><li>The drugstore sector is the one Japanese retail sector to show consistent growth over the past decade. </li><li>It is now the leading channel for mass market cosmetics, health and medical supplies, and is fast becoming an important channel for all types of foods, with some chains already selling enough food to qualify as top 20 supermarkets. </li><li>Drugstores already own close to a 40% share in cosmetics. </li><li>With massive consolidation in the sector, leading chains are looking for ways to differentiate their ranges and add value, generating higher returns as a result.</li><li>The sector still has 1000s of small independent stores which will lose share to the big four buying groups over time.</li><li>Plenty of room for expansion still for all the leading chains.</li><li>Their success means significant competition for other retail sectors, especially convenience stores.</li></ul>

The drugstore sector is the one Japanese retail sector to show consistent growth over the past decade. It is now the leading channel for mass market cosmetics, health and medical supplies, and is fast becoming an important channel for all types of foods, with some chains already selling enough food to qualify as top 20 supermarkets. Drugstores already own close to a 40% share in cosmetics. With massive consolidation in the sector, leading chains are looking for ways to differentiate their ranges and add value, generating higher returns as a result.The sector still has 1000s of small independent stores which will lose share to the big four buying groups over time.Plenty of room for expansion still for all the leading chains.Their success means significant competition for other retail sectors, especially convenience stores.

Drugstores in Japan: Still Plenty of Growth Ahead

Doing bespoke work since 2002....., Custom Products Group

Patrick Hansen

Doing bespoke work since 2002.....

Custom Products Group

Custom Products was started 14 years ago at Lehman Brothers by current co-founder Patrick Hansen, CFA. After 3 years at Lehman, Patrick moved the team to Macquarie Securities where Simon Rigney (co-founder) joined. 3 years ago we took Custom Products independent. 

Our core strength can be summed up three words. 1- Customization - we have very little off the shelf products and most work is done on a one on one bespoke basis. 2- Speed - We pride ourselves in our ability to get requests back to the client very quickly. 3- Confidentiality - We do not redistribute. There is no grace period where we wait a week and then mass blast. Any request stops with that client.

With 3Q Earning Season basically done, we looked back to see which names have done well in the first 3Q and are well positioned to beat full-year guidance / consensus and which ones are not. We first screened for names that have already achieved more than 100% of current Net Income consensus estimates.<a href="https://www.smartkarma.com/entities/315" target="_blank" data-smartkarma-citation="entities:315:1">Softbank Group Corp (9984 JP)</a> tops this list having already achieved 266% of full-year consensus net income. As of 3 quarters, Softbank has achieved ¥1tn of Net Income. This is compared to…

With 3Q Earning Season basically done, we looked back to see which names have done well in the first 3Q and are well positioned to beat full-year guidance / consensus and which ones are not. We first screened for names that have already achieved more than 100% of current Net Income consensus estimates.Softbank Group Corp (9984 JP) tops this list having already achieved 266% of full-year consensus net income. As of 3 quarters, Softbank has achieved ¥1tn of Net Income. This is compared to…

With 3Q Earnings Pretty Much Done Which Names Are Best / Worst Position for Full-Year End....

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

There was a lot of action in the Japanese and Korean stock markets in the past week. As US 10 Year Treasury bond yield continues to roar higher, global equities are not yet deterred but global investors are willing to take higher risk and the fund flows are shifting clearly from bonds to equities, although the extent of how much longer this will prevail is a topic that has been hotly debated.The top three reports (in terms of views) covering the North Asia markets in the past week were as…

There was a lot of action in the Japanese and Korean stock markets in the past week. As US 10 Year Treasury bond yield continues to roar higher, global equities are not yet deterred but global investors are willing to take higher risk and the fund flows are shifting clearly from bonds to equities, although the extent of how much longer this will prevail is a topic that has been hotly debated.The top three reports (in terms of views) covering the North Asia markets in the past week were as…

The Week That Was In North Asia@Smartkarma: Dr. Jim Walker's 2018 Strategy, Bitcoin Crash, & BLASH

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

MSCI Emerging Markets Index / Technical Analysis

Big-picture technicals offer a compelling outlook for equities -- in the long-run. Despite arguably stretched trends, especially in the U.S. and EM, one indicator in particular keeps us optimistic: monthly charts.  What is clear right now is: (1) Europe is on the doorstep of breaking above secular resistance; (2) Japan is breaking out above secular resistance; (3) and EM already has. Speaking of EM, we view this as the place to be, or overweight, in 2018. The EM/EAFE’s 20-year chart (below) reveals an in-progress trend reversal (which developed at a secular trendline) in favor of EM.In today’s report we review every global sector, highlighting actionable stocks within each.

Big-picture technicals offer a compelling outlook for equities -- in the long-run. Despite arguably stretched trends, especially in the U.S. and EM, one indicator in particular keeps us optimistic: monthly charts.  What is clear right now is: (1) Europe is on the doorstep of breaking above secular resistance; (2) Japan is breaking out above secular resistance; (3) and EM already has. Speaking of EM, we view this as the place to be, or overweight, in 2018. The EM/EAFE’s 20-year chart (below) reveals an in-progress trend reversal (which developed at a secular trendline) in favor of EM.In today’s report we review every global sector, highlighting actionable stocks within each.

It has been a while since we updated the "Hated by the Street" screen. So we thought it would be good to see which names made the list. Usually we only screen for names where the % of BUY recommendations to Total is less than 20%. However, 126 names made that list. We therefore further limited the screen by adding % of SELL recommendations greater than 30% of total recommendations. 26 names met both criteria. At the top of the list is <a href="https://www.smartkarma.com/entities/391" target="_blank" data-smartkarma-citation="entities:391:1">Sharp Corp (6753 JP)</a> with 0 BUY recommendations and 8 SELL…

It has been a while since we updated the "Hated by the Street" screen. So we thought it would be good to see which names made the list. Usually we only screen for names where the % of BUY recommendations to Total is less than 20%. However, 126 names made that list. We therefore further limited the screen by adding % of SELL recommendations greater than 30% of total recommendations. 26 names met both criteria. At the top of the list is Sharp Corp (6753 JP) with 0 BUY recommendations and 8 SELL…

Names that Are Hated and Loved by the Street in Japan....

Japan

AEON CO., LTD. operates general merchandise stores, supermarkets, and convenience stores throughout Japan. The Company is also engaged in women's and casual clothing store business, development business of commercial property, and financing service through the subsidiaries.

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Aeon Co Ltd (8267 JP)

Drugstores in Japan: Still Plenty of Growth Ahead

The drugstore sector is the one Japanese retail sector to show consistent growth over the past decade. It is now the leading channel for mass...

Michael Causton

With 3Q Earnings Pretty Much Done Which Names Are Best / Worst Position for Full-Year End....

With 3Q Earning Season basically done, we looked back to see which names have done well in the first 3Q and are well positioned to beat full-year...

Custom Products Group

The Week That Was In North Asia@Smartkarma: Dr. Jim Walker's 2018 Strategy, Bitcoin Crash, & BLASH

There was a lot of action in the Japanese and Korean stock markets in the past week. As US 10 Year Treasury bond yield continues to roar higher,...

Douglas Kim

Global Equity Strategy: Overweight EM

Big-picture technicals offer a compelling outlook for equities -- in the long-run. Despite arguably stretched trends, especially in the U.S. and...

Vermilion Research

Names that Are Hated and Loved by the Street in Japan....

It has been a while since we updated the "Hated by the Street" screen. So we thought it would be good to see which names made the list. Usually we...

Custom Products Group

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