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>1Q FY8/22: Recovery in karaoke demand exceeded the company assumptions</li><li>The total number of stores in the karaoke business segment (domestic and overseas consolidated) was 581 at the end of 1Q (+18 stores from 563 at end-FY8/21).</li><li>We estimate that sales at karaoke rooms continued to recover in December, in line with the increase in foot traffic.</li></ul>

1Q FY8/22: Recovery in karaoke demand exceeded the company assumptionsThe total number of stores in the karaoke business segment (domestic and overseas consolidated) was 581 at the end of 1Q (+18 stores from 563 at end-FY8/21).We estimate that sales at karaoke rooms continued to recover in December, in line with the increase in foot traffic.

Koshidaka Holdings (2157): 1Q Sales and OP Beat the Company Target