In today’s briefing:
- Japanese Banks – Our Main Thoughts Post 2Q23 Results
- A Company in Japan Confirms That “Companies that Take Care of Sexual Minorities Are More Profitable”
Japanese Banks – Our Main Thoughts Post 2Q23 Results
- We focus on five key factors, namely capital adequacy, credit quality, exposure to government securities, interest rate gearing and valuation with growth metrics for our Japanese banks universe
- It is important to note that the relaxation of yield curve control is translating into rising loan yields generally in the BoJ data to September-end 2023
- We stick with our positive views on Resona, Mizuho and Concordia; we remove Hachijuni from the buy list and SMFG, replacing the latter with MUFG in the large cap banks
A Company in Japan Confirms That “Companies that Take Care of Sexual Minorities Are More Profitable”
- Many LGBTQ have been harassed during their job search, and while hiring managers are under-prepared, Monogatari Corporation is one of the few companies that is committed to LGBTQ human rights.
- Monogatari Corporation believes that the diversity of individuals is the foundation for creating value, and that a series of individual differentiation enhances the company’s competitive advantage as a major differentiation.
- Monogatari Corporation’s high profit margins and sustained growth give hope that the hypothesis that “companies that care about sexual minorities are more profitable” may be supported.
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