Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

DZT Research

DZT Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analyzed the changes in margin trading positions of JPX stocks as of Feb 20th. The aggregated net margin trading position is USD24,230m.</li>
<li>We tabulate league tables for top/bottom net long/short of margin trading by value, net margin buy as multiple of ADT.</li>
<li>We highlight net margin buy/sell changes in Kioxia, Hitachi, Mitsubishi UFJ Financial, Advantest, Mizuho Financial, Mitsubishi Heavy Industries, Fujikura, Keyence, Fast Retailing, Kandenko.</li>
</ul>


We analyzed the changes in margin trading positions of JPX stocks as of Feb 20th. The aggregated net margin trading position is USD24,230m.
We tabulate league tables for top/bottom net long/short of margin trading by value, net margin buy as multiple of ADT.
We highlight net margin buy/sell changes in Kioxia, Hitachi, Mitsubishi UFJ Financial, Advantest, Mizuho Financial, Mitsubishi Heavy Industries, Fujikura, Keyence, Fast Retailing, Kandenko.


JPX Margin Trading Weekly (Feb 20th): Kioxia, Hitachi, Mitsubishi UFJ Financial, Advantest

<ul>
<li>We analyzed the changes in margin trading positions of JPX stocks as of Feb 13th. The aggregated net margin trading position is USD23,203m.</li>
<li>We tabulate league tables for top/bottom net long/short of margin trading by value, net margin buy as multiple of ADT.</li>
<li>We highlight net margin buy/sell changes in Shin-Etsu Chemical, SoftBank, Advantest, Kioxia, Mitsubishi Heavy Industries, Fujikura, Mitsubishi UFJ Financial, Recruit, Disco, Fast Retailing, Shin-Etsu Chemical, Softbank, Advantest.</li>
</ul>


We analyzed the changes in margin trading positions of JPX stocks as of Feb 13th. The aggregated net margin trading position is USD23,203m.
We tabulate league tables for top/bottom net long/short of margin trading by value, net margin buy as multiple of ADT.
We highlight net margin buy/sell changes in Shin-Etsu Chemical, SoftBank, Advantest, Kioxia, Mitsubishi Heavy Industries, Fujikura, Mitsubishi UFJ Financial, Recruit, Disco, Fast Retailing, Shin-Etsu Chemical, Softbank, Advantest.


JPX Margin Trading Weekly (Feb 13th): Shin-Etsu Chemical, SoftBank, Advantest, Kioxia

<ul>
<li>We analyzed the changes in margin trading positions of JPX stocks as of Feb 6th. The aggregated net margin trading position is USD23,298m.</li>
<li>We tabulate league tables for top/bottom net long/short of margin trading by value, net margin buy as multiple of ADT.</li>
<li>We highlight net margin buy/sell changes in Nintendo, Shin-Etsu Chemical, Lasertec, Kioxia, NEC, Advantest, SoftBank, Fujikura, Sumitomo Mitsui Financial, Recruit, Nintendo, Shin-Etsu Chemical, Lasertec, Kioxia, Nec, Advantest.</li>
</ul>


We analyzed the changes in margin trading positions of JPX stocks as of Feb 6th. The aggregated net margin trading position is USD23,298m.
We tabulate league tables for top/bottom net long/short of margin trading by value, net margin buy as multiple of ADT.
We highlight net margin buy/sell changes in Nintendo, Shin-Etsu Chemical, Lasertec, Kioxia, NEC, Advantest, SoftBank, Fujikura, Sumitomo Mitsui Financial, Recruit, Nintendo, Shin-Etsu Chemical, Lasertec, Kioxia, Nec, Advantest.


JPX Margin Trading Weekly (Feb 6th): Nintendo, Shin-Etsu Chemical, Lasertec, Kioxia, NEC, Advantest

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. 

Event-Driven

<ul>
<li>Yaoko is now called Blue Zone Holdings, and is shaking up Japan’s supermarket landscape by acquiring two well-matched regional chains just weeks after its launch. </li>
<li>The company plans to accelerate plans to acquire other smaller supermarket chains to build out into a national chain.</li>
<li>The plan also signals a new wave of M&amp;A in the sector as barriers to supermarket consolidation finally start to fall.</li>
</ul>


Yaoko is now called Blue Zone Holdings, and is shaking up Japan’s supermarket landscape by acquiring two well-matched regional chains just weeks after its launch. 
The company plans to accelerate plans to acquire other smaller supermarket chains to build out into a national chain.
The plan also signals a new wave of M&amp;A in the sector as barriers to supermarket consolidation finally start to fall.


Yaoko Spearheads M&A Rush in Japanese Supermarket Sector

<ul>
<li>Ito-Yokado’s withdrawal from the Hokkaido market has proven a windfall for affiliated chain, Daiichi. </li>
<li>The Hokkaido supermarket has already opened new stores in sites vacated by Ito-Yokado – the only difficulty has been finding ways to fill the larger spaces.</li>
<li>Now Arcs is waiting in the wings in case Daiichi becomes available for takeover – Arcs' chairman owns 1% of Daiichi personally.</li>
</ul>


Ito-Yokado’s withdrawal from the Hokkaido market has proven a windfall for affiliated chain, Daiichi. 
The Hokkaido supermarket has already opened new stores in sites vacated by Ito-Yokado – the only difficulty has been finding ways to fill the larger spaces.
Now Arcs is waiting in the wings in case Daiichi becomes available for takeover – Arcs' chairman owns 1% of Daiichi personally.


Daiichi a Possible Target for Arcs Takeover as Gains in Hokkaido

Japan

Arcs Co Ltd operates supermarket and discount store chain in the Hokkaido area.  The Company mainly retails foodstuffs, clothing, and sundry goods.

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Arcs Co Ltd (9948 JP)

JPX Margin Trading Weekly (Feb 20th): Kioxia, Hitachi, Mitsubishi UFJ Financial, Advantest

We analyzed JPX margin trading positions report for the past week and highlighted Kioxia (285A JP), Hitachi (6501 JP), Mitsubishi UFJ Financial...

Ke Yan, CFA, FRM

JPX Margin Trading Weekly (Feb 13th): Shin-Etsu Chemical, SoftBank, Advantest, Kioxia

We analyzed JPX margin trading positions report for the past week and highlighted Shin-Etsu Chemical (4063 JP), SoftBank (9984 JP), Advantest (6857...

Ke Yan, CFA, FRM

JPX Margin Trading Weekly (Feb 6th): Nintendo, Shin-Etsu Chemical, Lasertec, Kioxia, NEC, Advantest

We analyzed JPX margin trading positions report for the past week and highlighted Nintendo (7974 JP), Shin-Etsu Chemical (4063 JP), Lasertec (6920...

Ke Yan, CFA, FRM

Yaoko Spearheads M&A Rush in Japanese Supermarket Sector

Blue Zone Holdings (Yaoko), is expanding in by acquiring regional chains, with plans to become a national chain through further M&A, part of a new...

Michael Causton

Daiichi a Possible Target for Arcs Takeover as Gains in Hokkaido

Ito-Yokado's exit from Hokkaido benefits Daiichi, which is moving into the former's old stores. But with only Aeon as a competitor in the island,...

Michael Causton

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

JPX Margin Trading Weekly (Feb 20th): Kioxia, Hitachi, Mitsubishi UFJ Financial, Advantest

We analyzed JPX margin trading positions report for the past week and highlighted Kioxia (285A JP), Hitachi (6501 JP), Mitsubishi UFJ Financial...

Ke Yan, CFA, FRM

JPX Margin Trading Weekly (Feb 13th): Shin-Etsu Chemical, SoftBank, Advantest, Kioxia

We analyzed JPX margin trading positions report for the past week and highlighted Shin-Etsu Chemical (4063 JP), SoftBank (9984 JP), Advantest (6857...

Ke Yan, CFA, FRM

JPX Margin Trading Weekly (Feb 6th): Nintendo, Shin-Etsu Chemical, Lasertec, Kioxia, NEC, Advantest

We analyzed JPX margin trading positions report for the past week and highlighted Nintendo (7974 JP), Shin-Etsu Chemical (4063 JP), Lasertec (6920...

Ke Yan, CFA, FRM

Yaoko Spearheads M&A Rush in Japanese Supermarket Sector

​Blue Zone Holdings (Yaoko), is expanding in by acquiring regional chains, with plans to become a national chain through further M&A, part of a new...

Michael Causton

Daiichi a Possible Target for Arcs Takeover as Gains in Hokkaido

​Ito-Yokado's exit from Hokkaido benefits Daiichi, which is moving into the former's old stores. But with only Aeon as a competitor in the island,...

Michael Causton

Blue Zone Holdings (Yaoko), is expanding in by acquiring regional chains, with plans to become a national chain through further M&A, part of a new...

Ito-Yokado's exit from Hokkaido benefits Daiichi, which is moving into the former's old stores. But with only Aeon as a competitor in the island,...