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. 

Equity Bottom-Up

<a href="https://www.smartkarma.com/entities/1349" target="_blank" data-smartkarma-citation="entities:1349:1">Senshukai (8165 JP)</a> and the other former catalogue-based direct marketers put on a brave face when dealing with the rising threat from e-commerce.
They have converted most of their own customers to the online channel, but the problem of slow, lengthy supply chains remains, resulting in out of date merchandise with poor cost performance.
Senshukai will now begin a period of swingeing cuts to both operations, including a change of CEO and 280 voluntary redundancies among senior staff.

Senshukai (8165 JP) and the other former catalogue-based direct marketers put on a brave face when dealing with the rising threat from e-commerce.
They have converted most of their own customers to the online channel, but the problem of slow, lengthy supply chains remains, resulting in out of date merchandise with poor cost performance.
Senshukai will now begin a period of swingeing cuts to both operations, including a change of CEO and 280 voluntary redundancies among senior staff.

Senshukai (8165 JP) To Shrink After Failing to Remain Relevant

Isetan Mitsukoshi Holdings Ltd / Equity Bottom-Up

Isetan-Mitsukoshi sacked its previous CEO for suggesting it should close several of its loss-making stores. Within six months the new leadership was forced to close one of these, and, after much internal wrangling, will now close three more.
Further stores will have to be closed if it is to meet its (perennially optimistic) profit targets so we can expect a smaller business longer-term but one that might be more profitable if its investment in its remaining stores bears results.

Isetan-Mitsukoshi sacked its previous CEO for suggesting it should close several of its loss-making stores. Within six months the new leadership was forced to close one of these, and, after much internal wrangling, will now close three more.
Further stores will have to be closed if it is to meet its (perennially optimistic) profit targets so we can expect a smaller business longer-term but one that might be more profitable if its investment in its remaining stores bears results.

Isetan-Mitsukoshi Closing 3 More Stores and It Won't End There

Equity Analyst, LightStream Research

Chacko Jacob

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

As far as the history of Japanese department stores goes, <a href="https://www.smartkarma.com/entities/370" target="_blank" data-smartkarma-citation="entities:370:1">Takashimaya (8233 JP)</a> is one of the newer stores in the country despite being founded nearly 190 years ago. Even in terms of market cap, the company is only the fourth largest among domestic department stores. However, the company is now plotting a new course to increase sales and traffic. In this report, we will analyse the company’s medium and long-term plans to grow revenue while also weighing its performance against that of industry peers.

As far as the history of Japanese department stores goes, Takashimaya (8233 JP) is one of the newer stores in the country despite being founded nearly 190 years ago. Even in terms of market cap, the company is only the fourth largest among domestic department stores. However, the company is now plotting a new course to increase sales and traffic. In this report, we will analyse the company’s medium and long-term plans to grow revenue while also weighing its performance against that of industry peers. 

Takashimaya(8233): ASEAN Projects and Inbound Sales Offer Positive Long-Term Growth Outlook

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Storied Japanese department store chain <a href="https://www.smartkarma.com/entities/18871" target="_blank" data-smartkarma-citation="entities:18871:1">Isetan Mitsukoshi Holdings (3099 JP)</a> is the largest market cap department store chain remaining listed in Japan but performance has been lackluster. Total sales in the year to March 2017 were up 1% over the level 5yrs before, and Operating Profit was up by a whopping 101 million yen (but was still at its lowest since then). In May when the company announced that earnings to March 2018 would fall 33% to 10bn yen despite expectations of the return of foreign…

Storied Japanese department store chain Isetan Mitsukoshi Holdings (3099 JP) is the largest market cap department store chain remaining listed in Japan but performance has been lackluster. Total sales in the year to March 2017 were up 1% over the level 5yrs before, and Operating Profit was up by a whopping 101 million yen (but was still at its lowest since then). In May when the company announced that earnings to March 2018 would fall 33% to 10bn yen despite expectations of the return of foreign…

Japan

J. FRONT RETAILING CO., Ltd. is a holding company established through the merger of Daimaru and Matsuzakaya.  J. FRONT RETAILING operates department stores and supermarkets. The Company also manages subsidiaries which operate in wholesale businesses.

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J Front Retailing (3086 JP)

Senshukai (8165 JP) To Shrink After Failing to Remain Relevant

Senshukai (8165 JP) and the other former catalogue-based direct marketers put on a brave face when dealing with the rising threat from...

Michael Causton

Isetan-Mitsukoshi Closing 3 More Stores and It Won't End There

Isetan-Mitsukoshi sacked its previous CEO for suggesting it should close several of its loss-making stores. Within six months the new leadership...

Michael Causton

Takashimaya(8233): ASEAN Projects and Inbound Sales Offer Positive Long-Term Growth Outlook

As far as the history of Japanese department stores goes, Takashimaya (8233 JP) is one of the newer stores in the country despite being founded...

Chacko Jacob

Isetan-Mitsukoshi: Restructuring Moves

Storied Japanese department store chain Isetan Mitsukoshi Holdings (3099 JP) is the largest market cap department store chain remaining listed in...

Travis Lundy

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