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.

Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/27437" target="_blank" data-smartkarma-citation="entities:27437:1">World Co Ltd (3612 JP)</a> is a vertically integrated clothing company that owns a number of well-known brands in Japan. Its stores are a common sight in stations and shopping centres in the country. World Co Ltd was previously listed on the 1st Section of the Osaka Securities Exchange as well as the Tokyo Stock Exchange. However, the company was delisted in 2005 to facilitate an MBO. In this report, we look at the company's history, business segments and the details of the offering. World Co Ltd will become the second clothing company to re-list its shares in September after Narumiya ( 9275 JP) which we covered in our earlier report - <a href="https://www.smartkarma.com/insights/narumiya-ipo-preview-re-listing-high-exposure-to-department-stores-shows-old-habits-die-hard" target="_blank" data-smartkarma-citation="insights:23281">Narumiya IPO Preview (Re-Listing): High Exposure to Department Stores Shows Old Habits Die Hard</a>.  The initial trading in Narumiya'could set a precedent for the success of the World IPO.</p>

World Co Ltd (3612 JP) is a vertically integrated clothing company that owns a number of well-known brands in Japan. Its stores are a common sight in stations and shopping centres in the country. World Co Ltd was previously listed on the 1st Section of the Osaka Securities Exchange as well as the Tokyo Stock Exchange. However, the company was delisted in 2005 to facilitate an MBO. In this report, we look at the company's history, business segments and the details of the offering. World Co Ltd will become the second clothing company to re-list its shares in September after Narumiya ( 9275 JP) which we covered in our earlier report - Narumiya IPO Preview (Re-Listing): High Exposure to Department Stores Shows Old Habits Die Hard.  The initial trading in Narumiya'could set a precedent for the success of the World IPO.

World Co Ltd IPO Preview(3612 JP): Banking On Its Legacy To Sell Over-Priced Clothes

Narumiya International Co Ltd / Equity Capital Markets

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<p>Narumiya is a Japanese company that specializes in the production and distribution of children’s clothing in Japan. As of February 2018, the company had 749 stores across Japan. Most of these stores were located inside department stores and shopping centres. Narumiya first listed its shares on the JASDAQ in 2005. However, it was de-listed just 5 years later in 2010. The company now plans to re-list its shares on the 2<sup>nd</sup> Section of the TSE. In this report, we will look briefly at the reasons for relisting and the company’s financial performance in the last five years.</p>
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Narumiya is a Japanese company that specializes in the production and distribution of children’s clothing in Japan. As of February 2018, the company had 749 stores across Japan. Most of these stores were located inside department stores and shopping centres. Narumiya first listed its shares on the JASDAQ in 2005. However, it was de-listed just 5 years later in 2010. The company now plans to re-list its shares on the 2nd Section of the TSE. In this report, we will look briefly at the reasons for relisting and the company’s financial performance in the last five years.


Narumiya IPO Preview (Re-Listing): High Exposure to Department Stores Shows Old Habits Die Hard

Japan

Narumiya International Co., Ltd. retails and distributes apparel products. The Company produces clothes for babies, toddlers, juniors, women, and other customers. Narumiya International markets its products throughout Japan.

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Narumiya International Co Ltd (9275 JP)

World Co Ltd IPO Preview(3612 JP): Banking On Its Legacy To Sell Over-Priced Clothes

World Co Ltd (3612 JP) is a vertically integrated clothing company that owns a number of well-known brands in Japan. Its stores are a common sight...

Chacko Jacob

Narumiya IPO Preview (Re-Listing): High Exposure to Department Stores Shows Old Habits Die Hard

Narumiya is a Japanese company that specializes in the production and distribution of children’s clothing in Japan. As of February 2018, the...

Chacko Jacob

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)