Japan Experts, Extraordinary Performance, Astris Advisory Japan

Astris Advisory Japan

Our Corporate Advisory service is designed to give clients access to a wider range of investors. These include Japan specialists as well as global investors. The goal is to help achieve a fair equity valuation.

Japan Experts, Extraordinary Performance

Equity Bottom-Up

<ul><li>The combination of weaker-than- expected FY9/25 results, conservative near-term guidance, and maintaining medium-term objectives suggests that greater visibility will be needed before confidence in the earnings outlook can improve, in our view.</li><li>Despite strong performance in the Sustainability segment, expectations for FY9/26 are for a modest YoY contraction before returning to growth.</li><li>Although steady growth is expected in the Fine Chemicals and Life Science segments over the medium term, the company is likely to experience a moderation in growth before growth re-accelerates in FY9/27.</li></ul>

The combination of weaker-than- expected FY9/25 results, conservative near-term guidance, and maintaining medium-term objectives suggests that greater visibility will be needed before confidence in the earnings outlook can improve, in our view.Despite strong performance in the Sustainability segment, expectations for FY9/26 are for a modest YoY contraction before returning to growth.Although steady growth is expected in the Fine Chemicals and Life Science segments over the medium term, the company is likely to experience a moderation in growth before growth re-accelerates in FY9/27.

Sanyo Trading (3176 JP) - Management Remains Committed to Long-Term Plan Targets