Japanese Retailing 2021-22: What's Really Going on and What's Next?
There is increasing divergence between the winners and losers in Japanese retailing and the following in-depth review looks at performance in the...
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Trial Holdings Pre-IPO - Refiling Updates - Margin Uptick, More Golf Courses
Trial Holdings (5882 JP) (TH) is now looking to raise around US$234m in its Japan IPO, after having canceled its prior listing attempt last year.
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Trial Holdings Pre-IPO -Thoughts on Valuation
After having cancelled its listing plans last year, the company is now looking to launch a smaller IPO of around US$250m, as per media reports.
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Japan's Supermarkets: The Coming Disruption
With Trial's IPO looming and inflation at record highs, Japan's supermarket sector is a sector ripe for disruption as pricing pressures widen the...
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Trial Holdings IPO - Sector Lagging Margins Warrant a Discount
Trial Holdings (5882 JP) is looking to raise up to US$393m in its Japan IPO. In this note, we talk about implied valuations.
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