Don Quijote (7532) Remains a Great Long Term Winner in Japan's Retail Space.
When we wrote our BUY note back in August 2017, we concluded that the shares were certainly note cheap (20x 6/18 earnings) but this would remain a...
93 Views
Start Today (3092 JP): Calling the Bluff on Forecasted Growth
While Start Today Co Ltd (3092 JP) has been covered extensively by my colleague Mio Kato, CFA (click here), in this report we will focus on the...
255 Views
Adastria: Packed the Wrong Clothes for the Journey
Company OverviewAdastria Co Ltd (2685 JP) is a Japanese casual fashion chain with 26 brands and 1,500 stores (1,375 in Japan and 125 globally). The...
113 Views
BIC Camera Scores on Store Locations; Now It Needs To Draw More Tourists To Buoy Revenue Growth
While we think BIC Camera is better suited to tap growth compared to its compatriots in the electronic retail sector, the near-50% rise in its...
122 Views
Itochu Building Japan's First End-To-End Food Chain Through Familymart Uny
Itochu Corp (8001 JP)'s recent decision to spend ¥120 billion acquiring a majority stake in FamilyMart UNY Holdings (8028 JP) has been a long time...
179 Views