In today’s briefing:
- [Japan Activism] Mitsui Matsushima (1518 JP) Buyback Tender – Surprising Results and Implications
- Boeing Breathes Easy For Now, But AI171 Crash Leaves A Trail Of Uncomfortable Questions!
- Safex Chemicals India Ltd Pre-IPO Tearsheet
- InPost: Initiation of Coverage- How E-Commerce & AI Magic Can Fuel Its Future Growth!
- Lucror Analytics – Morning Views Asia
- Randstad: Initiation of Coverage- Can Diversification & Digital Muscle Future-Proof This Staffing Titan?
- IMCD: Initiation of Coverage- Is The Strong Organic Growth in Americas Region Here To Stay?
[Japan Activism] Mitsui Matsushima (1518 JP) Buyback Tender – Surprising Results and Implications
- Today, Mitsui Matsushima (1518 JP) announced the results of its Buyback Tender Offer to repurchase up to 3,999,999 shares (35.8% of shares out ex-Treasury) at ¥5,000/share.
- Murakami-San owned 42% of the voting rights at announcement, then bought more on the dip just below ¥5,000/share.
- The Tender Offer Buyback was “successful” in that it bought back 3.3mm shares. But the result was FAR more interesting than I expected. Surprising Results with Surprising Implications
Boeing Breathes Easy For Now, But AI171 Crash Leaves A Trail Of Uncomfortable Questions!
- The tragic crash of Air India Flight 171, a Boeing 787-8 Dreamliner, on June 12, 2025, initially triggered global alarm over the safety of Boeing’s aircraft, evoking chilling memories of the 737 MAX debacle.
- However, a preliminary report by India’s Aircraft Accident Investigation Bureau (AAIB) appears to shift attention away from mechanical failure and toward pilot actions.
- According to the report, both fuel control switches were inexplicably moved from the “RUN” to the “CUTOFF” position seconds after takeoff—starving both engines of fuel.
Safex Chemicals India Ltd Pre-IPO Tearsheet
- Safex Chemicals (India) Limited (1414700D IN) (SCIL) is looking to raise about US$100m in its upcoming India IPO. The bookrunners for the deal are Axis, JM Fin, SBI.
- SCIL is a specialty chemicals company in agrochemicals, operating across branded formulation, specialty chemicals, and CDMO segments, serving both farmers and global agrochemical firms.
- According to the Frost & Sullivan Report, SCIL was among the fastest-growing players in the Indian agrochemical industry in terms of revenue growth between FY2023-25.
InPost: Initiation of Coverage- How E-Commerce & AI Magic Can Fuel Its Future Growth!
- InPost reported its Q1 2025 financial results, showcasing a promising start to the year, but with challenges and opportunities navigating its multiple international markets.
- The company experienced robust year-on-year revenue growth of 22%, and a 29% increase when excluding currency effects.
- The group adjusted EBITDA rose by 24%, indicating improved profitability across all segments.
Lucror Analytics – Morning Views Asia
- In today’s Morning Views publication we comment on developments of the following high yield issuers: Adani Ports
- Front-end UST yields declined yesterday, on account of subdued PPI data. The curve steepened meaningfully, following reports that US President Donald Trump had discussed with Republican members of Congress the dismissal of Fed Chairman Jerome Powell (which Mr Trump subsequently denied).
- The yield on the 2Y UST fell 5 bps to 3.89%, while the yield on the 10Y UST was down 3 bps at 4.46%. Equities recovered from an earlier sell-off, with the S&P 500 and Nasdaq both ending 0.3% higher at 6,264 and 20,730, respectively.
Randstad: Initiation of Coverage- Can Diversification & Digital Muscle Future-Proof This Staffing Titan?
- Randstad’s first-quarter 2025 financial performance showcased a mix of resilience and ongoing challenges amid a volatile market landscape.
- Alexander van’t Noordende, the CEO, lauded a robust start to the year, underscoring strategic maneuvering, enhanced commercial efforts, and focused cost management.
- Their efforts helped sustain bottom-line figures, resulting in an EBITA of EUR 167 million with a 3% EBITA margin.
IMCD: Initiation of Coverage- Is The Strong Organic Growth in Americas Region Here To Stay?
- IMCD N.V., a leading distributor in the specialty chemicals and food ingredients sectors, delivered a mixed but largely positive financial performance in the first quarter of 2025, despite ongoing global economic uncertainties.
- With Marcus Jordan stepping up as CEO following Valerie Diele-Braun’s resignation for personal reasons, the leadership transition marks a critical juncture for the company.
- The company’s financial results indicate solid growth marked by a 10% increase in gross profit to EUR 325 million and a 12% rise in EBITA to EUR 142 million.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
