Making sense of the Global Market, Euromonitor International Ltd.

Yu Mitsuhashi

Making sense of the Global Market

Euromonitor International Ltd.

We are a global market research company focused on industries, countries, economies and consumers worldwide. Our cross-country comparable research helps your organisation identify opportunities and develop growth strategies in countries and regions across the globe. With offices around the world, 1,200 analysts in 100 countries and market research on every key trend and driver, we give you powerful access to the real story behind consumer change.

Thematic (Sector/Industry)

<ul><li>In 2017 baby food increases by 2% in retail current value terms to reach JPY111.4 billion and increases by 1% in retail volume terms to reach 44,000 tonnes</li><li>Despite the declining number of births, prepared baby food and milk formula perform well due to the rising number of working mothers</li><li>Prepared baby food sees the strongest retail current value growth within baby food in 2017, with an increase of 3% to reach JPY23.0 billion</li><li>The average unit price of baby food increases by 1% in current terms in 2017</li><li>Meiji remains the leading player in baby food in Japan in 2017, accounting for a retail value share of 24%</li><li>Baby food in Japan will continue to register growth over the forecast period with a value CAGR of 2% at constant 2017 prices to reach JPY119.8 billion in 2022</li></ul>

In 2017 baby food increases by 2% in retail current value terms to reach JPY111.4 billion and increases by 1% in retail volume terms to reach 44,000 tonnesDespite the declining number of births, prepared baby food and milk formula perform well due to the rising number of working mothersPrepared baby food sees the strongest retail current value growth within baby food in 2017, with an increase of 3% to reach JPY23.0 billionThe average unit price of baby food increases by 1% in current terms in 2017Meiji remains the leading player in baby food in Japan in 2017, accounting for a retail value share of 24%Baby food in Japan will continue to register growth over the forecast period with a value CAGR of 2% at constant 2017 prices to reach JPY119.8 billion in 2022

Doing bespoke work since 2002....., Custom Products Group

Patrick Hansen

Doing bespoke work since 2002.....

Custom Products Group

Custom Products was started 14 years ago at Lehman Brothers by current co-founder Patrick Hansen, CFA. After 3 years at Lehman, Patrick moved the team to Macquarie Securities where Simon Rigney (co-founder) joined. 3 years ago we took Custom Products independent. 

Our core strength can be summed up three words. 1- Customization - we have very little off the shelf products and most work is done on a one on one bespoke basis. 2- Speed - We pride ourselves in our ability to get requests back to the client very quickly. 3- Confidentiality - We do not redistribute. There is no grace period where we wait a week and then mass blast. Any request stops with that client.

7 names revised full-year company guidance over the last month. <a href="https://www.smartkarma.com/entities/12877" target="_blank" data-smartkarma-citation="entities:12877:1">Benesse Holdings Inc (9783 JP)</a> dropped its Sales and Operating Profit forecast but significantly increased its Net Income guidance. Despite the increase in Net Income guidance Benesse is down 10% over the month. The largest name by mkt-cap that made the list is <a href="https://www.smartkarma.com/entities/5439" target="_blank" data-smartkarma-citation="entities:5439:1">Subaru Corp (7270 JP)</a>. Subaru only lowered its Net Income guidance and kept Sales and Operating Profit guidance the unchanged. The market did not react much to Subaru's…

7 names revised full-year company guidance over the last month. Benesse Holdings Inc (9783 JP) dropped its Sales and Operating Profit forecast but significantly increased its Net Income guidance. Despite the increase in Net Income guidance Benesse is down 10% over the month. The largest name by mkt-cap that made the list is Subaru Corp (7270 JP). Subaru only lowered its Net Income guidance and kept Sales and Operating Profit guidance the unchanged. The market did not react much to Subaru's…

Companies that Revised Full-Year Guidance in the Last Month....

We compared the different sectors PBR levels in Japan to see which sectors may be still undervalued and which may have gone up a little too much. If you look at the table below, at 2.7x the Consumer Non-Durables PBR is 123% above the 8-year low. Commercial Services' PBR is lower at 2.1x but is also 122% above the low. The overall Japan PBR is at 1.4x and is 50% above the 8-year low. On the other side, Distribution Services' PBR is below 1 at 0.9x and is only 22% above the 8-year low. PBR for the…

We compared the different sectors PBR levels in Japan to see which sectors may be still undervalued and which may have gone up a little too much. If you look at the table below, at 2.7x the Consumer Non-Durables PBR is 123% above the 8-year low. Commercial Services' PBR is lower at 2.1x but is also 122% above the low. The overall Japan PBR is at 1.4x and is 50% above the 8-year low. On the other side, Distribution Services' PBR is below 1 at 0.9x and is only 22% above the 8-year low. PBR for the…

Which Sectors Look Cheap and Which Are Probably Overvalued....

Fintech, Real-time Big-Data Analytics Provider, Nowcast, Inc.

Ryota Hayashi

Fintech, Real-time Big-Data Analytics Provider

Nowcast, Inc.

We at Nowcast develop "Big-Data Economic Analytics Platforms".  We aim to revolutionize the financial markets by providing "accurate" and "real-time" analytics based on economic indicators and corporate activity data procured worldwide. 

Our Main Services

(1) Real-time Analytics
With our Nikkei CPI Now Index at our core, we provide real time analytics of global economic indicators such as POS Data. By utilizing Big-Data technology, we also provide real-time analytics of micro level data such as corporate earnings. 

(2) Big-Data Application Consulting
We too provide business consultation and conduct joint research on initiatives that strive to use data, such as from the operation capacity of construction machinery to number of passengers on railroad trains, as economic indicators. We provide continuous support to Data Scientists specialized in economics in their proposal stage, product development and up till its business development. 

(3) Monetary Policy Insights
With the proactive involvement of and support from from academicians in macroeconomics & key figures in the financial industry, we produce reports, conduct seminars and meetings that discuss about the forecast of financial markets, provide intellectual suggestions on asset allocation, etc. 

Macroeconomics

<ul class="ember-tether-target ember-tether-element-attached-top ember-tether-element-attached-left ember-tether-target-attached-top ember-tether-target-attached-right"><li>"Nikkei CPINow" is a statistical database produced by Nowcast Inc. that provides real-time economic statistics using so-called “big data” gathered on a real-time basis; making it possible to “nowcast” economic developments, that is, to gauge them almost in real time.</li><li>Nikkei CPINow was launched in January 2016, disseminating the new “CPINow” price indeces, which succeeds and improves upon the Nikkei UTokyo Daily Price Index.</li><li>This December 2016 Review looks into analyzing the current developments in Japan's economy based on The Nikkei CPINow S index &amp; T index.</li></ul>

"Nikkei CPINow" is a statistical database produced by Nowcast Inc. that provides real-time economic statistics using so-called “big data” gathered on a real-time basis; making it possible to “nowcast” economic developments, that is, to gauge them almost in real time.Nikkei CPINow was launched in January 2016, disseminating the new “CPINow” price indeces, which succeeds and improves upon the Nikkei UTokyo Daily Price Index.This December 2016 Review looks into analyzing the current developments in Japan's economy based on The Nikkei CPINow S index &amp; T index.

December 2016 Review of Current Developments in Japan's Economy

Japan TMT Analyst

Pelham Smithers

Market Intel on Asian Tech with a Japan focus

Pelham Smithers Associates

Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods. 

Research is provided by the following:
Pelham Smithers: Macro, consumer electronics, telecoms & pharma
Joel Scheiman: Electronics materials / components
Julie Boote: Autos
Will Nestuk: Capital goods, machinery & transportation equipment parts
Thao Nguyen: eCommerce, internet content, marketing & advertising

While it is not a given that a switch from a high growth, high interest rate environment to a low growth, low interest rate environment is a good one for equities in general, it should be good for defensive stocks, because these are the most bond-like of equities and the switch almost defines a fixed income bull market. Japan may not have been particularly high growth or high interest rate in 2000, but it was certainly higher growth and higher interest rate than today, and it is no surprise that defensive sectors like foods (+210% relative to Topix since 1999) and pharmaceuticals (+160%) have done very well over this time. The question, now, is whether this is set to continue, or whether we might have hit a turning point.

While it is not a given that a switch from a high growth, high interest rate environment to a low growth, low interest rate environment is a good one for equities in general, it should be good for defensive stocks, because these are the most bond-like of equities and the switch almost defines a fixed income bull market. Japan may not have been particularly high growth or high interest rate in 2000, but it was certainly higher growth and higher interest rate than today, and it is no surprise that defensive sectors like foods (+210% relative to Topix since 1999) and pharmaceuticals (+160%) have done very well over this time.  The question, now, is whether this is set to continue, or whether we might have hit a turning point.

Japan

PIGEON CORPORATION manufactures and sells baby care goods.  The Company also produces maternity and elder care products.

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Pigeon Corp (7956 JP)

Sector Capsule: Baby Food in Japan

In 2017 baby food increases by 2% in retail current value terms to reach JPY111.4 billion and increases by 1% in retail volume terms to reach...

Euromonitor International Ltd.

Companies that Revised Full-Year Guidance in the Last Month....

7 names revised full-year company guidance over the last month. Benesse Holdings Inc (9783 JP) dropped its Sales and Operating Profit forecast but...

Custom Products Group

Which Sectors Look Cheap and Which Are Probably Overvalued....

We compared the different sectors PBR levels in Japan to see which sectors may be still undervalued and which may have gone up a little too much....

Custom Products Group

December 2016 Review of Current Developments in Japan's Economy

"Nikkei CPINow" is a statistical database produced by Nowcast Inc. that provides real-time economic statistics using so-called “big data”...

Nowcast, Inc.

Death Rattle for Defensives?

While it is not a given that a switch from a high growth, high interest rate environment to a low growth, low interest rate environment is a good...

Pelham Smithers Associates

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