Senior Technology Analyst, Japanese Equities, LightStream Research

Scott Foster

Securities analyst covering electronics, precision equipment & robotics, engineering, construction, transport and other sectors for more than 25 years in Japan and 3 years in Korea. Permanent resident of Japan.

Senior Technology Analyst, Japanese Equities

Monotaro (3064 JP): Share Price Hits New High; Outperforming VONA

Misumi Group (9962 JP): Investing for the Long Term

Monotaro (3064 JP): Strong April Data Drives Shares to New High

ja research

ja research is an independent research platform focused exclusively on Japanese equities. Leveraging data and graphic analysis provided by Japan Analytics, we provide insights on small and medium-sized companies that have been ignored by the sell-side as well as challenging conventional wisdom on larger companies. We also offer analyst and corporate access, the latter with translation if required. 

Equity Bottom-Up

Last Friday, July 13, MonotaRO closed at ¥5,360, up 2.9% and just short of the ¥5,380 new high reached earlier in the day. The share price has now risen by 66% since the beginning of March.Meanwhile, parent company sales growth dropped to 22.8% year-on-year in June from 30.7% in May and 25.5% in April. The number of new accounts was up 12.5% in June vs. 18.9% growth in May and 23.2% growth in April. The shares are now selling at 65x our EPS estimate for this year, 57x our estimate for next year…

Last Friday, July 13, MonotaRO closed at ¥5,360, up 2.9% and just short of the ¥5,380 new high reached earlier in the day. The share price has now risen by 66% since the beginning of March.Meanwhile, parent company sales growth dropped to 22.8% year-on-year in June from 30.7% in May and 25.5% in April. The number of new accounts was up 12.5% in June vs. 18.9% growth in May and 23.2% growth in April. The shares are now selling at 65x our EPS estimate for this year, 57x our estimate for next year…

モノタロウ（3064 JP）：株価上昇、売上高成長率低下

MonotaRO Co Ltd

モノタロウ（3064 JP）：株価上昇、売上高成長率低下