Japan Specialist

Mark Chadwick

Over 20 years experience in equities and asset management in Asia and Japan. Qualified CFA with experience analyzing companies as a buy-side analyst. In-depth knowledge of company fundamental analysis, corporate governance and valuations.

Asics (7936) | It's a Marathon, Not a Sprint

ASICS (7936) | Running Is Recession Proof

Equity Bottom-Up

<ul>
<li>The stock price has rallied 40% since our last note. We are happy to take profit here, hence we label this insight as Bearish </li>
<li>The results and full year guidance hike were positive but largely currency assisted  </li>
<li>We expect that a focus on China and Direct will drive margin expansion in the medium term</li>
</ul>


The stock price has rallied 40% since our last note. We are happy to take profit here, hence we label this insight as Bearish 
The results and full year guidance hike were positive but largely currency assisted  
We expect that a focus on China and Direct will drive margin expansion in the medium term


Asics (7936) | Strong Performance Meets Reasonable Valuation

ASICS Corp

Asics (7936) | Strong Performance Meets Reasonable Valuation