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 (Sep-Nov) sales of 6.371bn yen, 37% of the company’s 1H guidance, may seem low at first glance, but were above the company's target for the 1Q</li><li>1Q OP of -1.130bn yen was around 0.9bn yen above the company's 1Q forecast. The company had expected a loss of nearly 2bn yen for 1Q</li><li>1Q RP of -196m yen includes 936m yen in subsidy income. The company's policy is to book subsidy income on a payment basis</li></ul>

1Q (Sep-Nov) sales of 6.371bn yen, 37% of the company’s 1H guidance, may seem low at first glance, but were above the company's target for the 1Q1Q OP of -1.130bn yen was around 0.9bn yen above the company's 1Q forecast. The company had expected a loss of nearly 2bn yen for 1Q1Q RP of -196m yen includes 936m yen in subsidy income. The company's policy is to book subsidy income on a payment basis

Koshidaka Holdings (2157): Takeaways from Our Post-Earnings Interview