Rakuten Bank IPO - Recent Filings Updates and Quick Thoughts on Valuation
Rakuten Bank (5838 JP), the online banking arm of Rakuten (4755 JP), aims to raise up to around US$900m in its Japan listing in April 2023.
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HUGE Suruga Bank (8358 JP) Buyback
Suruga Bank will do a large ToSTNeT-3 Buyback this morning at last trade. It is 15.7% accretive to BVPS and 22.7% accretive to EPS. That's great....
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Hokuhoku Financial (8377 JP) - Buyback Dynamics For March... 👀
Hokuhoku Financial share buyback picked up pace in Feb but needs a lot more pace in March to complete. Expect a ToSTNeT-3 buyback tranche. And more...
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SBI Sumishin Net Bank Pre-IPO - Earnings Forecast and Thoughts on Valuations
SBI Sumishin Net Bank (SSNB) will be looking to raise around US$1.1bn in its upcoming IPO. In this note, we talk about our earnings forecast and...
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Nikkei 225 Deletions/Additions in March(?) 2022 Due to TSE Market Structure Changes
There is likely to be one Nikkei 225 Change around the end of Q1 2022. There may be more. We will know more on 11 Jan 2022 how many deletions are...
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