A Comparison of Recent Visitors Trend to Korea and Japan
In this report, we compare the recent dynamic foreign tourists trend to Korea and Japan. In January 2019, the number of foreign visitors to...
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FANCL: Playing the Long Game
The declining and ageing population in Japan has been a major cause for concern to many Japanese companies. Fancl Corp (4921 JP), is a relatively...
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Shiseido Company Limited: 4QFY2018 Results – Setting Expectations Too High
Shiseido Co Ltd (4911 JP) reported its FY2018 results on 8th Feb 2019. Shiseido’s revenue grew 8.9% YoY in FY 2018, marginally above our estimated...
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Kao Corporation, 4QFY2018 Results Falls Short of Guidance
Picking up from where we left off Market Largely Untroubled by Kao’s Troubles, Kao Corp (4452 JP) announced its FY2018 results yesterday (4th...
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Market Largely Untroubled by Kao’s Troubles
After an article appeared on Nikkei Asian Review on 29th January 2019 stating that Kao Corp (4452 JP) is going to miss its revenue and profit...
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