In today’s briefing:
- CareNet (2150) – Watch the TOPIX Birdy (Smallcap)
- Aeon and Seven & I to Create Ecosystems Via Financial Services
- Watts Finally Reacts to Margin Squeeze
- Women’s Many Part-Time Jobs, Few Managerial Positions, and Short Tenure Are the Same Rooted Problems
CareNet (2150) – Watch the TOPIX Birdy (Smallcap)
- Carenet Inc (2150 JP) is a “medical contents” provider. It acts as a distributor of information to doctors and medical practitioners over the internet, and also consults with pharmaceutical companies.
- On Wednesday, they announced that they were going to move from TSE Growth to TSE Prime as of 29 November.
- At ¥31bn market capand this may turn people off, but it may be a treat for some. There is a reason why there are some big holders.
Aeon and Seven & I to Create Ecosystems Via Financial Services
- Aeon and Seven & I both have large financial services arms, generating a substantial share of consolidated profits.
- With cashless payments now the norm, the old business models that relied on fees for cash dispensing are fast becoming outdated.
- Both retailers plan major changes to create ecosystems that should deliver a lot more data to improve targeted marketing for e-commerce and retail stores.
Watts Finally Reacts to Margin Squeeze
- The ¥100 Shop chains are facing higher COGS on one side and rising wages on the other, a problem when you run a fixed price chain at just ¥100.
- Most (except Seria Co Ltd (2782 JP)) have reacted by introducing new, higher priced lines led by Daiso.
- Watts, the smallest chain, is now catching up and higher priced lines will make up a third of stock by 2027.
Women’s Many Part-Time Jobs, Few Managerial Positions, and Short Tenure Are the Same Rooted Problems
- The same problem underlies the fact that women are more likely to be part-time/ non-regular workers, as well as the lower percentage of management positions and shorter length of service.
- Setting targets and implementing measures for % of female managerial positions is important, since the higher ratio will narrow the gender wage gap, but this alone is not sufficient.
- It’s necessary to ensure that women have the same position in workplace even if they leave the workforce, and to change social systems and people’s mindset to support child care.
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