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>LIM Advisors built to 18% then fully exited by March — the largest holder saw little value.</li>
<li>Market pricing Kitagawa as a structural compounder at 55x EBITDA; it is a cyclical equipment supplier with lumpy revenues and no asset floor.</li>
<li>Yesterday's -17% drop on AI unwind confirms high thematic beta; with the “activist” money out, downside risk growing.</li>
</ul>


LIM Advisors built to 18% then fully exited by March — the largest holder saw little value.
Market pricing Kitagawa as a structural compounder at 55x EBITDA; it is a cyclical equipment supplier with lumpy revenues and no asset floor.
Yesterday's -17% drop on AI unwind confirms high thematic beta; with the “activist” money out, downside risk growing.


Significant Holder Watch | Kitagawa Seiki (6327)