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.

Ohayo Japan|Equities Bid Ahead of CPI Print; NUGGET:China Semi Derisking - The Winner Is…Yes, Japan!

Japanese Convenience Stores: Back with a Plan but Muted Growth Ahead

Equity Bottom-Up

<ul>
<li>We are bullish on Lawson and see fair value at Y7,500 per share based on 3% FY2/25 DPS of Y225/share</li>
<li>The domestic convenience store business is recovering post pandemic leading to a possible earnings beat</li>
<li>The market remains sceptical of mid-term growth drivers like Seijo Ishii and China expansion plans</li>
</ul>


We are bullish on Lawson and see fair value at Y7,500 per share based on 3% FY2/25 DPS of Y225/share
The domestic convenience store business is recovering post pandemic leading to a possible earnings beat
The market remains sceptical of mid-term growth drivers like Seijo Ishii and China expansion plans


Lawson Inc

Lawson (2651) | Dividend Grower