Daily Brief Equity Bottom-Up: Meitetsu Transport (9077JP) Confirms Closure of Last Department Store and more

In today’s briefing:

Meitetsu Transport (9077JP) Confirms Closure of Last Department Store
Hisamitsu Pharmaceutical (4530 JP): Salonpas Holds Fort; New Products Ramp-Up; Stable FY26 Expected
Korea: Short Selling Data Analysis (Which Stocks Are the Gainers and the Losers?)

Meitetsu Transport (9077JP) Confirms Closure of Last Department Store

Until quite recently, Nagoya had seven department stores but will soon have just four.
This follows Meitetsu’s decision to close its flagship store to clear the way for a major redevelopment of the station area.
The new development will include retail and so bring some competition to Takashimaya, which now dominates department store retailing in the city, but not before 2033.

Hisamitsu Pharmaceutical Co (4530 JP) reported double digit revenue growth in FY25 on the back of 16% YoY growth in Salonpas focused OTC pharmaceutical products.
Rx business revenues grew 5% YoY as Zicthoru, Apohide, Combipatch, Vivelle-Dot etc clocked healthy numbers excepting Mohrus product line.
Hisamitsu expects FY26 revenue to be ¥165B, up 6% YoY, driven by new products, with net profit growth to decelerate on higher cost.

We provide the short selling data analysis of the Korean stock market including the top 20 stocks in KOSPI with the highest short interest ratios in KOSPI and KOSDAQ, respectively.
There have been noticeable shorting on the Ecopro Group companies and other key names in the rechargeable battery sector including Posco Future M, L&F, and SK IE Technology.
Shorting has generally worked for KOSDAQ names with higher short interest ratios but not for KOSPI names in the past two weeks.

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