Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. 

Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

Download the Morningstar Fact Sheet : http://corporate.morningstar.com/US/documents/MarketingFactSheets/AboutMorningstarFactsheet.pdf

Equity Bottom-Up

<ul><li class="p1">Murata is a top supplier of passive components, such as the multilayer ceramic capacitor, or MLCC, (35% global share), and surface accoustic wave, or SAW, filters (45% global share).</li><li class="p1">While we acknowledge shipments of digital devices, such as TVs, PCs, and handsets are slowing down, we believe progress in telecommunications technology will be the driver to increase contents per device.</li></ul><p class="p1"><em>Analyst: Kazunori Ito</em></p>

Murata is a top supplier of passive components, such as the multilayer ceramic capacitor, or MLCC, (35% global share), and surface accoustic wave, or SAW, filters (45% global share).While we acknowledge shipments of digital devices, such as TVs, PCs, and handsets are slowing down, we believe progress in telecommunications technology will be the driver to increase contents per device.Analyst: Kazunori Ito

Initiating Coverage of Murata Manufacturing with Y16,400 FVE and Narrow Moat Rating.

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Event-Driven

<p>'Tis the season of merger announcements as subsidiaries/affiliates/partners get swallowed up by their larger sponsors. </p><div><h2>THE ANNOUNCEMENT</h2></div><p>Friday after the close saw <a href="https://www.smartkarma.com/entities/11649" target="_blank" data-smartkarma-citation="entities:11649">Murata Manufacturing</a> (6981 JP) and <a href="https://www.smartkarma.com/entities/60" target="_blank" data-smartkarma-citation="entities:60">Toko Inc</a> (6801 JP) officially announce their long-expected tie-up.</p><p>The statement (<a href="http://www.murata.com/~/media/webrenewal/about/newsroom/news/irnews/irnews/2016/0129b/simplified_share_exchange.ashx?la=en-us" target="_blank">E</a>, <a href="http://www.murata.com/~/media/webrenewal/about/newsroom/news/irnews/irnews/2016/0129b/simplified_share_exchange_j.ashx?la=ja-jp" target="_blank">J</a>) announcing the deal said the expected synergies had not been as good as expected because of the ongoing costs of maintaining sales and operation channels at Toko, and therefore Murata and Toko were not fully…</p>

'Tis the season of merger announcements as subsidiaries/affiliates/partners get swallowed up by their larger sponsors. THE ANNOUNCEMENTFriday after the close saw Murata Manufacturing (6981 JP) and Toko Inc (6801 JP) officially announce their long-expected tie-up.The statement (E, J) announcing the deal said the expected synergies had not been as good as expected because of the ongoing costs of maintaining sales and operation channels at Toko, and therefore Murata and Toko were not fully…

Toko: Maybe Wrong Ratio. Nothing You Can Do.

Japan

TOKO, INC. develops, manufactures, and markets electronic components such as coils, filers, semiconductors, power supplies, and modules.  The Company produces its products though subsidiaries in Japan and overseas.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Toko Inc (6801 JP)

Initiating Coverage of Murata Manufacturing with Y16,400 FVE and Narrow Moat Rating.

Murata is a top supplier of passive components, such as the multilayer ceramic capacitor, or MLCC, (35% global share), and surface accoustic wave,...

Morningstar, Inc.

Toko: Maybe Wrong Ratio. Nothing You Can Do.

'Tis the season of merger announcements as subsidiaries/affiliates/partners get swallowed up by their larger sponsors. THE ANNOUNCEMENTFriday after...

Travis Lundy

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)