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.

Fast Retailing (9983) | Fantastic Execution at Fantastical Valuation

Japan Weekly | Fast Retailing, Disco, Nidec

Good Morning Japan |Hawkish ECB + US Retail Miss Fan Recession Fears - Equities Take It on the Chin

Fast Retailing (9983) | Time to Ditch the Shorts

Gravity Works As WeWork Doesn't; Now Plan B

Fast Retailing (9983) - Summer Is the Time for Shorts

Equity Bottom-Up

<ul>
<li>Fast Retailing's share price has risen 24% year-to-date, outperforming the index and global peers</li>
<li>The share price has been driven by multiple expansion, which we believe is now at risk of reversing</li>
<li>With an uncertain economic backdrop, we believe management may issue conservative guidance for the next fiscal year. We turn Bearish.</li>
</ul>


Fast Retailing's share price has risen 24% year-to-date, outperforming the index and global peers
The share price has been driven by multiple expansion, which we believe is now at risk of reversing
With an uncertain economic backdrop, we believe management may issue conservative guidance for the next fiscal year. We turn Bearish.


Fast Retailing (9983) | Elevated Multiple and Guidance Risk