Japan Specialist

Mark Chadwick

Over 20 years experience in equities and asset management in Asia and Japan. Qualified CFA with experience analyzing companies as a buy-side analyst. In-depth knowledge of company fundamental analysis, corporate governance and valuations.

Monotaro (3064) | Pricing in Downside Risks

Equity Bottom-Up

<ul>
<li>MonotaRo is well placed to monetise the shift of enterprise MRO spending as it moves increasingly online</li>
<li>The company's new distribution centre will enable the company to increase capacity, speed up deliveries, and offer improved services to enterprise clients</li>
<li>Structural growth stories are few and far between in Japan. MonotaRo is one of them and appears expensive on most valuation metrics. Our LT DCF model suggests 30% upside</li>
</ul>


MonotaRo is well placed to monetise the shift of enterprise MRO spending as it moves increasingly online
The company's new distribution centre will enable the company to increase capacity, speed up deliveries, and offer improved services to enterprise clients
Structural growth stories are few and far between in Japan. MonotaRo is one of them and appears expensive on most valuation metrics. Our LT DCF model suggests 30% upside


MonotaRO (3064) | Another Decade of Secular Growth

MonotaRO Co Ltd

MonotaRO (3064) | Another Decade of Secular Growth