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.

Good Morning Japan |Fed Hike, Powell Speech ? Equities Beyond as Optimism Abounds,from Spotify to GM

Good Morning Japan |Down as Fed Hawks Soar; China Drives Resources; Tesla IR Day; NUGGET: Panasonic

Good Morning Japan |Equities DEFY Yield Rise; Tesla Master Plan-Details Absent; NUGGET: U-Next(9418)

Komatsu(6301) | Post 2Q Earnings – BACKTEST STILL Says over 45% Upside

Komatsu (6301) | Back Test Suggests 56% Upside from Here

Japan's Governance: Komatsu (6301) ESG Presentation

Equity Bottom-Up

<ul>
<li>Komatsu Q3 operating profit rose 54% YoY, beating analyst estimates by around 12%</li>
<li>Construction and Mining Equipment sales rose 31% in the quarter, or ~10% on a constant currency basis versus industry volume of -6%</li>
<li>Komatsu shares have sharply lagged the recovery at CAT. We still see significant upside with current P/B of 1.2x</li>
</ul>


Komatsu Q3 operating profit rose 54% YoY, beating analyst estimates by around 12%
Construction and Mining Equipment sales rose 31% in the quarter, or ~10% on a constant currency basis versus industry volume of -6%
Komatsu shares have sharply lagged the recovery at CAT. We still see significant upside with current P/B of 1.2x


Komatsu (6301) | Plenty of Gas in the Tank

Komatsu Ltd

Komatsu (6301) | Plenty of Gas in the Tank