Rakuten: Core Businesses Are Doing Well but Logistics and Mobile Investments Are Eating into Profits
Rakuten Inc (4755 JP)’s 2Q FY20 financial results did not carry any major surprises. Similar to its counterpart Z Holdings (4689 JP), which...
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Muji Expands Channels with Lawson and Major Online Malls
Ryohin Keikaku (7453 JP) has had a busy few weeks. It is now trialling the sale of Muji product at three Lawson Inc (2651 JP) stores after ditching...
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Z Holdings: Aggressive Consensus + Expensive Valuation
In our previous note, Z Holdings 1Q Update: Strong GMV Growth Is Not Expected to Last Longer Than COVID-19, we suggested that Z Holdings (4689...
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Z Holdings 1Q Update: Strong GMV Growth Is Not Expected to Last Longer Than COVID-19
We hardly see any improvement in Z Holdings (4689 JP)’s commerce business (excl. ZOZO) from 1Q FY03/21 results, despite a temporary bump in...
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ORIX Corp.– Enigma Wrapped In A Riddle
* Poor Results To Continue: Orix (8591.JP/IX.US) reported consolidated FY (March) 1Q21 results of JPY 50.0 bn, declining JPY 19.2 bn (28%) YOY and...
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