Takeaways From Meeting With Fast Retailing Management; Long-Term Thesis Intact
 After our meeting yesterday with Fast Retailing's management, we are maintaining our fair value estimate at JPY 31,000 per share. We believe that...
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No-Moat Fast Retailing Fiscal 2015 Below Expectations; Fair Value Estimate Cut 4% to JPY 31,000
Fast Retailing’s fiscal 2015 fourth-quarter results and 2016 profit guidance were disappointing, but the impact from reduced earnings expectations...
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Fast Retailing is Becoming a Global Brand, but will Struggle to Compete with its Global Rivals.
Fast Retailing’s major apparel brand, Uniqlo, is well known for its quality materials at reasonable prices. The company is replicating its proven...
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2015 Annual Nikkei 225 Rebalance
After the close today, the Nikkei newspaper revealed the results of the annual review of the various 'traditional' Nikkei indices/averages,...
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TOYOTA AA-SHARES: Happy Now? 6-10yrs of dividend differentials paid in fees to Nomura
Toyota completed the sale of the first tranche of its Model AA Shares this week, selling 47.1mm AA-shares for 499.1658bn yen, a price of JPY 10,598...
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