Index Rebal Trades & Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal Trades & Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Event-Driven

In the month of January 2021, one of the most anticipated TOPIX Inclusion candidates, <a href="https://www.smartkarma.com/entities/toshiba-corp" target="_blank" data-smartkarma-citation="entities:637:1" rel="noopener">Toshiba Corp (6502 JP)</a> announced its move to TSE1 triggering what could potentially be one of the largest TOPIX Inclusion events in recent memory. The stock could see its TOPIX Inclusion take place at the end of February, along with <a href="https://www.smartkarma.com/entities/sansan-inc" target="_blank" data-smartkarma-citation="entities:28112:1" rel="noopener">Sansan Inc (4443 JP)</a> - another larger-than-usual candidate - and two other super-high-impact names <a href="https://www.smartkarma.com/entities/bull-dog-sauce-co-ltd" target="_blank" data-smartkarma-citation="entities:16235:1" rel="noopener">Bull Dog Sauce (2804 JP)</a> and <a href="https://www.smartkarma.com/entities/alps-logistics-co-ltd" target="_blank" data-smartkarma-citation="entities:3935:1" rel="noopener">Alps Logistics (9055 JP)</a>. There is plenty to look forward to. In this insight, I have provided performance updates for 6 "Live" event stocks (including the names mentioned above) which are expected to have Inclusion Events at the end of February 2021 and 14 "Post" event stocks that completed their Inclusion Events at the end of December 2020 and January 2021 (on 28 January 2021).Furthermore, I have also highlighted some interesting Pre-event situations involving stocks that are likely to become TSE1-promotion candidates in the near future.

In the month of January 2021, one of the most anticipated TOPIX Inclusion candidates, Toshiba Corp (6502 JP) announced its move to TSE1 triggering what could potentially be one of the largest TOPIX Inclusion events in recent memory. The stock could see its TOPIX Inclusion take place at the end of February, along with Sansan Inc (4443 JP) - another larger-than-usual candidate - and two other super-high-impact names Bull Dog Sauce (2804 JP) and Alps Logistics (9055 JP). There is plenty to look forward to. In this insight, I have provided performance updates for 6 "Live" event stocks (including the names mentioned above) which are expected to have Inclusion Events at the end of February 2021 and 14 "Post" event stocks that completed their Inclusion Events at the end of December 2020 and January 2021 (on 28 January 2021).Furthermore, I have also highlighted some interesting Pre-event situations involving stocks that are likely to become TSE1-promotion candidates in the near future. 

<a href="https://www.smartkarma.com/entities/i-k-co-ltd" target="_blank" data-smartkarma-citation="entities:2202:1" rel="noopener">I.K Co Ltd (2722 JP)</a> announced today after market close they had received approval (<a href="https://www.ai-kei.co.jp/files/a277e6ffc917146e07acd495e18f5dbc.pdf" target="_blank" rel="noopener">J-only</a>) to move from the Second Section to the First Section of the Tokyo Stock Exchange as of 4th December 2020. I.K CO., Ltd. provides marketing services for various skin care products, make-up items, and low-calorie healthy-lifestyle food products. TSE1 reassignment triggers inclusion into the TOPIX Index and the Inclusion Event can be expected to be at the close of trading 28th January 2021. In conjunction with the TSE-reassignment announcement, the company also announced (<a href="https://www.ai-kei.co.jp/files/4dff20d97c9bc5e4b73fd7f32e176ff0.pdf" target="_blank" rel="noopener">J-only</a>) a share sale for a total quantity of 575,000 shares including an over-allotment quantity. In this insight, we take a look at the Index Inclusion Parameters and the Fundamentals of the company to evaluate the upside potential of the TOPIX Inclusion Event.

I.K Co Ltd (2722 JP) announced today after market close they had received approval (J-only) to move from the Second Section to the First Section of the Tokyo Stock Exchange as of 4th December 2020. I.K CO., Ltd. provides marketing services for various skin care products, make-up items, and low-calorie healthy-lifestyle food products. TSE1 reassignment triggers inclusion into the TOPIX Index and the Inclusion Event can be expected to be at the close of trading 28th January 2021. In conjunction with the TSE-reassignment announcement, the company also announced (J-only) a share sale for a total quantity of 575,000 shares including an over-allotment quantity. In this insight, we take a look at the Index Inclusion Parameters and the Fundamentals of the company to evaluate the upside potential of the TOPIX Inclusion Event. 

Japanese online grocery delivery service provider <a href="https://www.smartkarma.com/entities/oisix-ra-daichi-inc" target="_blank" data-smartkarma-citation="entities:10145:1" rel="noopener">Oisix Ra Daichi (3182 JP)</a>  <a href="https://www2.tse.or.jp/disc/31820/140120200409491444.pdf" target="_blank" rel="noopener">confirmed on 30th March</a> that it had received approval to move from the Mothers market to the First Section of the Tokyo Stock Exchange as of 9th April. <div>
TSE1 reassignment triggers inclusion into the TOPIX Index and we expect that the inclusion event will be at the close of trading 28th May 2020.
With Japan going into lock down, online grocery delivery services are experiencing a spike in demand and understandably, such e-commerce businesses have outperformed the broader market in recent weeks. 
In this insight, we take a look at the parameters of the TOPIX Inclusion event and the fundamentals of the company to evaluate if there is potential for further upside to this stock.
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Japanese online grocery delivery service provider Oisix Ra Daichi (3182 JP)  confirmed on 30th March that it had received approval to move from the Mothers market to the First Section of the Tokyo Stock Exchange as of 9th April. 
TSE1 reassignment triggers inclusion into the TOPIX Index and we expect that the inclusion event will be at the close of trading 28th May 2020.
With Japan going into lock down, online grocery delivery services are experiencing a spike in demand and understandably, such e-commerce businesses have outperformed the broader market in recent weeks. 
In this insight, we take a look at the parameters of the TOPIX Inclusion event and the fundamentals of the company to evaluate if there is potential for further upside to this stock.


TOPIX Inclusion: Oisix Ra Daichi (3182 JP)

Japan

IK Co., Ltd. is an agency which develops products and creates mail-order catalogues for the clients.  The Company also takes operations for the integrated mail-order services including handling and shipping to the consumers.

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I.K Co Ltd (2722 JP)

TOPIX Inclusion Trade Summary: Jan 2021

TOPIX Inclusion Monthly Summary for December inclusions and how they did in January (badly), how January inclusions did vs TOPIX (on average well)...

Janaghan Jeyakumar, CFA

TOPIX Inclusion (2722 JP): I.K Co Ltd

This is a SMALL CAP SMALL IMPACT ("RED" according to the Quiddity TOPIX Inclusion Framework) TOPIX inclusion. Fundamentals are sound, the stock is...

Janaghan Jeyakumar, CFA

TOPIX Inclusion: Oisix Ra Daichi (3182 JP)

Japanese online grocery delivery service provider Oisix Ra Daichi (3182 JP) confirmed on 30th March that it had received approval to move from the...

Janaghan Jeyakumar, CFA

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