Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/shift-inc" target="_blank" data-smartkarma-citation="entities:7266:1" rel="noopener">Shift Inc (3697 JP)</a> is a high-growth stock in the software services, testing, consulting, development business. They have a big specialist TAM ahead of them. </li>
<li>Revenue is up 50-fold in 10 years. OP is up 85-fold in that period. Revenue is guided +17.5% in the year to Aug 2025. OP is guided +28%.</li>
<li>There is an event coming up shortly which could trigger an imminent index inclusion. It's worth a look.</li>
</ul>



Shift Inc (3697 JP) is a high-growth stock in the software services, testing, consulting, development business. They have a big specialist TAM ahead of them. 
Revenue is up 50-fold in 10 years. OP is up 85-fold in that period. Revenue is guided +17.5% in the year to Aug 2025. OP is guided +28%.
There is an event coming up shortly which could trigger an imminent index inclusion. It's worth a look.


SHIFT (3697) The Next - Potential Big Index Add

<ul>
<li>The Sep 2024 Nikkei 225 Review data set is mostly done, and one can interpolate results relatively accurately. It still leaves us with one ADD, one DELETE, and capping fun.</li>
<li>Recently, Yanai-san sold more <a href="https://www.smartkarma.com/entities/fast-retailing-co-ltd" target="_blank" data-smartkarma-citation="entities:751:1" rel="noopener">Fast Retailing (9983 JP)</a>. There is more Real World Float- more active holders own more stock (which may mean less interest to buy later).</li>
<li>There is a dark horse candidate which is on investor radar for other reasons. It would not be out of the question, but the precedent is old, and different.</li>
</ul>


The Sep 2024 Nikkei 225 Review data set is mostly done, and one can interpolate results relatively accurately. It still leaves us with one ADD, one DELETE, and capping fun.
Recently, Yanai-san sold more Fast Retailing (9983 JP). There is more Real World Float- more active holders own more stock (which may mean less interest to buy later).
There is a dark horse candidate which is on investor radar for other reasons. It would not be out of the question, but the precedent is old, and different.


Sep24 Nikkei 225 Rebal - Still 1 ADD (Ryohin Keikaku), 1 DELETE, and 1 Very Large Very Dark Horse

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

<ul>
<li>Aeon’s My Basket chain of mini-supermarkets in central Tokyo is close to outperforming Seven Eleven on the key KPI of daily sales per store.</li>
<li>And, by paying higher wages, it isn’t even struggling to find staff unlike many convenience store franchisees.</li>
<li>However, it is now well covered in central Tokyo areas so the big question is how it will work out a way to make the format work in residential areas.</li>
</ul>


Aeon’s My Basket chain of mini-supermarkets in central Tokyo is close to outperforming Seven Eleven on the key KPI of daily sales per store.
And, by paying higher wages, it isn’t even struggling to find staff unlike many convenience store franchisees.
However, it is now well covered in central Tokyo areas so the big question is how it will work out a way to make the format work in residential areas.


Aeon's My Basket: Beating Convenience Stores

Pan Pacific International Holdings / Event-Driven

Pan Pacific International Holdings (7532 JP)

<ul>
<li>Don Quijote’s parent acquired Tokyo discount chain Olympic Group for ¥26 billion last month. </li>
<li>The purchase immediately secures 122 stores in good locations across the capital, ideal for a business that is intent on raising the ratio of food sales.</li>
<li>The deal should fast-track the rollout of its new Robin Food format – and provides rivals with a very uncomfortable sign of what’s coming.</li>
</ul>


Don Quijote’s parent acquired Tokyo discount chain Olympic Group for ¥26 billion last month. 
The purchase immediately secures 122 stores in good locations across the capital, ideal for a business that is intent on raising the ratio of food sales.
The deal should fast-track the rollout of its new Robin Food format – and provides rivals with a very uncomfortable sign of what’s coming.


PPI Purchase of Olympic Is Key to Building Tokyo Base for Robin Food

Pan Pacific International Holdings / Equity Bottom-Up

<ul>
<li>Robin Food, <a href="https://www.smartkarma.com/entities/pan-pacific-international-holdings-corporation" target="_blank" data-smartkarma-citation="entities:13475:1" rel="noopener">Pan Pacific International Holdings (7532 JP)'</a> new supermarket banner, has launched with a name denoting prices so low it’s like robbing the rich to feed the poor.  </li>
<li>In reality, the new ‘food-focused Don Quijote’ will attract customers at all income levels with a radical new format that will be a crucial new growth pillar for the company.</li>
<li>It will also disrupt a sector already reeling from the rise of discounters like Lopia and OK Super, putting yet more pressure on traditional supermarket incumbents.</li>
</ul>


Robin Food, Pan Pacific International Holdings (7532 JP)' new supermarket banner, has launched with a name denoting prices so low it’s like robbing the rich to feed the poor.  
In reality, the new ‘food-focused Don Quijote’ will attract customers at all income levels with a radical new format that will be a crucial new growth pillar for the company.
It will also disrupt a sector already reeling from the rise of discounters like Lopia and OK Super, putting yet more pressure on traditional supermarket incumbents.


Pan Pacific's New "Robin Food": Retail Radicalism

Japan

Pan Pacific International Holdings Corporation operates discount stores which sell consumer electronics, daily necessities, groceries, watches, and sporting goods. The Company mostly operates small scale stores based in Tokyo.

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Pan Pacific International Holdings (7532 JP)

SHIFT (3697) The Next - Potential Big Index Add

SHIFT has gone through earnings, surprised to the upside, and is up 10% since when I wrote. The 15:1 stock split which a) makes the Nikkei 225...

Travis Lundy

Sep24 Nikkei 225 Rebal - Still 1 ADD (Ryohin Keikaku), 1 DELETE, and 1 Very Large Very Dark Horse

The Nikkei 225 Rebal for Sep24 has 3mos before the data cutoff. I still see one ADD and one DELETE. There is a possible dark horse ADD, and Fast...

Travis Lundy

Aeon's My Basket: Beating Convenience Stores

Aeon's My Basket is winning hearts and wallets in Tokyo, taking away business from nearby convenience stores through more fresh food and lower...

Michael Causton

PPI Purchase of Olympic Is Key to Building Tokyo Base for Robin Food

Parent company of Don Quijote acquires discount chain Olympic Group, securing 122 stores in prime locations to increase food sales with its new...

Michael Causton

Pan Pacific's New "Robin Food": Retail Radicalism

Robin Food, PPIH's new supermarket banner, promises low prices and a radical format that has potential to grow very fast, disrupting the sector...

Michael Causton

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

SHIFT (3697) The Next - Potential Big Index Add

SHIFT has gone through earnings, surprised to the upside, and is up 10% since when I wrote. The 15:1 stock split which a) makes the Nikkei 225...

Travis Lundy

Sep24 Nikkei 225 Rebal - Still 1 ADD (Ryohin Keikaku), 1 DELETE, and 1 Very Large Very Dark Horse

The Nikkei 225 Rebal for Sep24 has 3mos before the data cutoff. I still see one ADD and one DELETE. There is a possible dark horse ADD, and Fast...

Travis Lundy

Aeon's My Basket: Beating Convenience Stores

Aeon's My Basket is winning hearts and wallets in Tokyo, taking away business from nearby convenience stores through more fresh food and lower...

Michael Causton

PPI Purchase of Olympic Is Key to Building Tokyo Base for Robin Food

​Parent company of Don Quijote acquires discount chain Olympic Group, securing 122 stores in prime locations to increase food sales with its new...

Michael Causton

Pan Pacific's New "Robin Food": Retail Radicalism

​Robin Food, PPIH's new supermarket banner, promises low prices and a radical format that has potential to grow very fast, disrupting the sector...

Michael Causton

Parent company of Don Quijote acquires discount chain Olympic Group, securing 122 stores in prime locations to increase food sales with its new...

Robin Food, PPIH's new supermarket banner, promises low prices and a radical format that has potential to grow very fast, disrupting the sector...