IR & Research Intelligence, Sessa Investment Research

Sessa Investment Research

IR & Research Intelligence

Sponsored research focusing on Japanese small cap.

Equity Bottom-Up

<ul><li>This report examines the strength and tenacity of the Lib Work growth business model, and widespread adoption of technology to execute its business strategies.</li><li>The nationwide single family (detached) housing market, the sum of custom-built and pre-built for sale homes, has contracted by CAGR of -1.9% over the last ten years.</li><li>Chikara Seguchi, the CEO of Lib Work (51), has every expectation that this declining trend will continue for the foreseeable future. </li></ul>

This report examines the strength and tenacity of the Lib Work growth business model, and widespread adoption of technology to execute its business strategies.The nationwide single family (detached) housing market, the sum of custom-built and pre-built for sale homes, has contracted by CAGR of -1.9% over the last ten years.Chikara Seguchi, the CEO of Lib Work (51), has every expectation that this declining trend will continue for the foreseeable future. 

Initiation - Lib Work (1431 JP) - November 11, 2025

Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Quantitative Analysis

<ul>
<li>We analyzed the changes in margin trading positions of JPX stocks as of Nov 21st. The aggregated net margin trading position is USD19,632m.</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 SoftBank, Mitsubishi Heavy Industries, SBI, Nippon Telegraph and Telephone, Sanrio, Tokyo Electric Power Company, Tokio Marine, Mitsubishi UFJ Financial, Furukawa Electric.</li>
</ul>


We analyzed the changes in margin trading positions of JPX stocks as of Nov 21st. The aggregated net margin trading position is USD19,632m.
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 SoftBank, Mitsubishi Heavy Industries, SBI, Nippon Telegraph and Telephone, Sanrio, Tokyo Electric Power Company, Tokio Marine, Mitsubishi UFJ Financial, Furukawa Electric.


JPX Margin Trading Weekly (Nov 21st): SoftBank, Mitsubishi Heavy Industries, SBI

Japan

Lib Work Co. Ltd. operates as a custom homebuilder. The Company designs, constructs, and sells single-family homes. Lib Work also renovates and remodels homes.

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Lib Work (1431 JP)

Initiation - Lib Work (1431 JP) - November 11, 2025

This report examines the strength and tenacity of the Lib Work growth business model, and widespread adoption of technology to execute its business...

Sessa Investment Research

JPX Margin Trading Weekly (Nov 21st): SoftBank, Mitsubishi Heavy Industries, SBI

We analyzed JPX margin trading positions report for the past week and highlighted SoftBank (9984 JP), Mitsubishi Heavy Industries (7011 JP), SBI...

Ke Yan, CFA, FRM

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52-week Range

Market Cap (USDm)

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