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

Isetan Mitsukoshi Holdings Ltd / Equity Bottom-Up

<ul>
<li>Isetan Shinjuku expects to post sales in excess of ¥400 billion this year, a record for a single retail store, although most of the growth is from inbound tourists. </li>
<li>But Isetan-Mitsukoshi is working to ensure longer term stability through more sophisticated databases and personalised marketing.</li>
<li>At the same time, it will make better use of real estate assets, investing ¥500 billion around Isetan Shinjuku alone.</li>
</ul>


Isetan Shinjuku expects to post sales in excess of ¥400 billion this year, a record for a single retail store, although most of the growth is from inbound tourists. 
But Isetan-Mitsukoshi is working to ensure longer term stability through more sophisticated databases and personalised marketing.
At the same time, it will make better use of real estate assets, investing ¥500 billion around Isetan Shinjuku alone.


Isetan-Mitsukoshi Bets on Flagships and Real Estate

Research Coverage of Japanese Listed Companies, Shared Research Inc

Shared Research

Research Coverage of Japanese Listed Companies

Shared Research Inc

Pioneering research coverage of Japanese listed companies. Now customizable and interactive for global institutional investors. Corporate access reimagined.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/takashimaya-co-ltd" target="_blank" data-smartkarma-citation="entities:370:1" rel="noopener">Takashimaya (8233 JP)</a> was founded in 1831 and is the operator of one of the leading department store companies in Japan.</li>
<li>Takashimaya began applying the Accounting Standard for Revenue Recognition from the beginning of FY02/23.</li>
<li>Takashimaya Co., Ltd. announced revisions to its full-year earnings forecasts for FY02/24.</li>
</ul>



Takashimaya (8233 JP) was founded in 1831 and is the operator of one of the leading department store companies in Japan.
Takashimaya began applying the Accounting Standard for Revenue Recognition from the beginning of FY02/23.
Takashimaya Co., Ltd. announced revisions to its full-year earnings forecasts for FY02/24.


Asian Insight Provider - Actionable ideas, CrossASEAN Research

Henry Soediarko

Asian Insight Provider - Actionable ideas

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Keisei Electric Railway Co / Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/keisei-electric-railway-co" target="_blank" data-smartkarma-citation="entities:10876:1" rel="noopener">Keisei Electric Railway Co (9009 JP)</a> share price has increased but not run ahead of its fundamentals.</li>
<li>Weak Yen, COVID rebound, friendlier visa policy by the Japanese government, and the potential for more Chinese tourists visiting Japan are tailwinds for Keisei.</li>
<li>Valuation may look expensive, but with the high growth rate, investors should consider to use PEG rather than PER or PBR.</li>
</ul>



Keisei Electric Railway Co (9009 JP) share price has increased but not run ahead of its fundamentals.
Weak Yen, COVID rebound, friendlier visa policy by the Japanese government, and the potential for more Chinese tourists visiting Japan are tailwinds for Keisei.
Valuation may look expensive, but with the high growth rate, investors should consider to use PEG rather than PER or PBR.


Keisei Electric Rail (9009): Can Be Higher

<ul>
<li>Takashimaya saw a strong increase in sales in 1H2023, helping profit rise to record levels with much of the growth coming from clothing and expects similar for the full year. </li>
<li>Unlike many rivals, the department store is not at all sanguine about the prospects for continued growth in luxury sales and the inbound tourist market - calling it a bubble.</li>
<li>It is instead emphasising profit growth over higher sales by targeting locals through store upgrades and better cost performance clothing – while also closing stores that are no longer viable.</li>
</ul>


Takashimaya saw a strong increase in sales in 1H2023, helping profit rise to record levels with much of the growth coming from clothing and expects similar for the full year. 
Unlike many rivals, the department store is not at all sanguine about the prospects for continued growth in luxury sales and the inbound tourist market - calling it a bubble.
It is instead emphasising profit growth over higher sales by targeting locals through store upgrades and better cost performance clothing – while also closing stores that are no longer viable.


Takashimaya: At Last a Revival in Department Store Profits

<ul>
<li>The moment of truth is here, the Chinese are finally coming back to Japan. </li>
<li>
<a href="https://www.smartkarma.com/entities/keisei-electric-railway-co" target="_blank" data-smartkarma-citation="entities:10876:1" rel="noopener">Keisei Electric Railway Co (9009 JP)</a> is one of the biggest beneficiaries of increased tourist arrivals in Japan. </li>
<li>It is trading at 0.04 PEG, a very low valuation considering its potential for producing large growth rate. </li>
</ul>


The moment of truth is here, the Chinese are finally coming back to Japan. 

Keisei Electric Railway Co (9009 JP) is one of the biggest beneficiaries of increased tourist arrivals in Japan. 
It is trading at 0.04 PEG, a very low valuation considering its potential for producing large growth rate. 


Keisei Electric (9009): The Chinese Are Back.

Japan

Takashimaya Company, Limited., founded in Kyoto in 1831, operates department stores.  The Company's main stores are located in Tokyo, Osaka, and Kyoto. Takashimaya also operates department stores in Paris, France, Singapore, China, Australia, and New York, USA.  The Company retails clothing, foods, art objects, sundry goods, and household utensils.  The Company also operates restaurants.

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Takashimaya (8233 JP)

Isetan-Mitsukoshi Bets on Flagships and Real Estate

Isetan Shinjuku anticipates record sales exceeding ¥400 billion, while focusing on long-term stability and higher margins through improved...

Michael Causton

Takashimaya (8233): Q3 FY02/24 Update

Takashimaya, a leading department store company in Japan, has revised its full-year earnings forecast for FY02/24 after applying new accounting...

Shared Research

Keisei Electric Rail (9009): Can Be Higher

Keisei Electric Railway Co's share price is rising in line with positive fundamentals, driven by a weak Yen, COVID rebound, and potential increase...

Henry Soediarko

Takashimaya: At Last a Revival in Department Store Profits

Takashimaya's strong sales boost profits to record levels. It warns of a luxury sales bubble and is shifting focus to local customers and expects...

Michael Causton

Keisei Electric (9009): The Chinese Are Back.

The moment of truth is here, the Chinese are finally coming back to Japan. Keisei is one of the biggest beneficiaries of increased tourism in Japan.

Henry Soediarko

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Isetan-Mitsukoshi Bets on Flagships and Real Estate

​Isetan Shinjuku anticipates record sales exceeding ¥400 billion, while focusing on long-term stability and higher margins through improved...

Michael Causton

Takashimaya (8233): Q3 FY02/24 Update

​Takashimaya, a leading department store company in Japan, has revised its full-year earnings forecast for FY02/24 after applying new accounting...

Shared Research

Keisei Electric Rail (9009): Can Be Higher

​Keisei Electric Railway Co's share price is rising in line with positive fundamentals, driven by a weak Yen, COVID rebound, and potential increase...

Henry Soediarko

Takashimaya: At Last a Revival in Department Store Profits

​Takashimaya's strong sales boost profits to record levels. It warns of a luxury sales bubble and is shifting focus to local customers and expects...

Michael Causton

Keisei Electric (9009): The Chinese Are Back.

The moment of truth is here, the Chinese are finally coming back to Japan. Keisei is one of the biggest beneficiaries of increased tourism in Japan.

Henry Soediarko

Isetan Shinjuku anticipates record sales exceeding ¥400 billion, while focusing on long-term stability and higher margins through improved...

Takashimaya, a leading department store company in Japan, has revised its full-year earnings forecast for FY02/24 after applying new accounting...

Keisei Electric Railway Co's share price is rising in line with positive fundamentals, driven by a weak Yen, COVID rebound, and potential increase...

Takashimaya's strong sales boost profits to record levels. It warns of a luxury sales bubble and is shifting focus to local customers and expects...