Research from Mita Securities, Mita Securities

Mita Securities

Mita Securities provides a full scale diversified investment banking and financial services. A comprehensive investment banking department, specializes in rights offerings advisory, take-over bids agents, M&A etc. Including a proprietary trading desk, and wealth management department that offers brokerage, custody, real estate, and full proxy services.

Research from Mita Securities

Equity Bottom-Up

<ul><li>We update our earnings forecast and valuation model for IBJ (6071, the company) and adjust our target price to 1,300 yen</li><li>The number of marriages has continued to decline over the past two years due to the pandemic, and we believe that latent demand for marriage among singles has been increasing</li><li>Directly-owned stores and party business: As consumer activity recovers, the number of party participants, as well as the number of members and successful marriages at directly- owned stores, is expected to recover</li></ul>

We update our earnings forecast and valuation model for IBJ (6071, the company) and adjust our target price to 1,300 yenThe number of marriages has continued to decline over the past two years due to the pandemic, and we believe that latent demand for marriage among singles has been increasingDirectly-owned stores and party business: As consumer activity recovers, the number of party participants, as well as the number of members and successful marriages at directly- owned stores, is expected to recover

IBJ (6071): Expecting Reopening to Trigger Marriage Demand; Reiterate Buy