Japan Specialist

Mark Chadwick

Over 20 years experience in equities and asset management in Asia and Japan. Qualified CFA with experience analyzing companies as a buy-side analyst. In-depth knowledge of company fundamental analysis, corporate governance and valuations.

Equity Bottom-Up

<ul>
<li>Fast Retailing is due to report Q3 results on 11 July. We update our views on the outlook for the stock heading into the announcement.</li>
<li>Uniqlo Japan has already released monthly sales data for the March to May quarter. Performance in May was again strong, slightly surpassing our estimates</li>
<li>We maintain our full year earnings estimates. The stock has declined by around 6% since Q2 results, but remains fully valued.</li>
</ul>


Fast Retailing is due to report Q3 results on 11 July. We update our views on the outlook for the stock heading into the announcement.
Uniqlo Japan has already released monthly sales data for the March to May quarter. Performance in May was again strong, slightly surpassing our estimates
We maintain our full year earnings estimates. The stock has declined by around 6% since Q2 results, but remains fully valued.


Fast Retailing (9983) | Positive Q3 Outlook, but Priced In