Rakuten Bank IPO Early Look - The Positives - Has Grown Fast over the past Few Years
Rakuten Bank, the online banking arm of Rakuten Inc (4755 JP), aims to raise around US$500m in its Japan listing in April 2023. In this note, we...
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NTT (Buy) - Q3 22 Results Reaction: Mixed Quarter but Solid Mobile/Data Performance
Operating profit was light versus expectations on rising electricity costs but solid results for DoCoMo and NTT Data should be the focus
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Softbank Corp (Buy) - Q3 22 Results Reaction: Modest Mobile Improvement, on Track to Meet Targets
On balance a good quarter with solid progress to year-end targets. Headline mobile erosion was higher than we expected but ARPU declines were in...
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Softbank Group (Neutral) - Japan’s Global Tech Play: Initiation of Coverage and Q3 Preview
In this deep dive report, we initiate coverage at Neutral with a ¥6,300 target price. We think global tech will struggle but a recovery in China...
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Japan Fintech - Cashless Payments Competition Is Heating Up
Japan telecom and Internet companies are driving growth in cashless payments led by Rakuten in credit cards and PayPay in cashless apps. This is a...
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