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.

Fast Retailing (9983) | Global Gains Keep It in Fashion

Uniqlo Breaks Through ¥1 Trillion Milestone at Home but Group ¥10 Trillion Target Remains Elusive

Asian Equities: Secular DPS Growth Matters, Not Just Dividend Yield. Presenting Our "Asia 50".

Equity Bottom-Up

<ul>
<li>Q3 revenue/OP miss vs. our est. on weaker-than-expected Uniqlo International - FX and China weakness key drivers.</li>
<li>Japan and Western markets continue to outperform; U.S. and Europe now rival China in size.</li>
<li>FY company guidance unchanged but rising risks to next FY from tariffs and persistent China underperformance.</li>
</ul>


Q3 revenue/OP miss vs. our est. on weaker-than-expected Uniqlo International - FX and China weakness key drivers.
Japan and Western markets continue to outperform; U.S. and Europe now rival China in size.
FY company guidance unchanged but rising risks to next FY from tariffs and persistent China underperformance.


Fast Retailing(9983) | Q3 Miss But FY Guide Intact - Execution Solid, China Still Weak