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>On April 27, IBJ (6071, the company) announced that it would sell part of its stake in subsidiary Diverse and deconsolidate the subsidiary</li><li>We believe that the casual dating app market is highly competitive and hard to achieve profitability due to heavy burden of advertising costs</li><li>In light of the above transaction, the company announced changes to its 1H and full-year guidance for FY12/22</li></ul>

On April 27, IBJ (6071, the company) announced that it would sell part of its stake in subsidiary Diverse and deconsolidate the subsidiaryWe believe that the casual dating app market is highly competitive and hard to achieve profitability due to heavy burden of advertising costsIn light of the above transaction, the company announced changes to its 1H and full-year guidance for FY12/22

IBJ (6071): Fully Concentrating on Marriage Support, While Exiting from Casual Dating Apps