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>CVR declined despite an increase in the number of projects. However, this is not a new negative factor</li><li>Makuake (4479, the company) announced 1Q FY9/22 parent results. Total amount of pre-orders (GMV) was 5.369bn yen (+19.0% YoY, -7.5% QoQ)</li><li>KPIs: Focus on the effectiveness of CVR measures going forward</li></ul>

CVR declined despite an increase in the number of projects. However, this is not a new negative factorMakuake (4479, the company) announced 1Q FY9/22 parent results. Total amount of pre-orders (GMV) was 5.369bn yen (+19.0% YoY, -7.5% QoQ)KPIs: Focus on the effectiveness of CVR measures going forward

Makuake (4479): A Further Decline in CVR Is a Negative, but Not a New Factor

Makuake Inc

Makuake (4479): A Further Decline in CVR Is a Negative, but Not a New Factor