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>Parent company sales in March were 19.771bn yen (+17.4% YoY), slightly below the company’s monthly target</li><li>The number of business days was 22, one day less than in March 2021. The sales growth rate per business day was +22.7% YoY (+21.4% for February).</li><li>Sales to SMEs (monotaro.com) increased by around +13% YoY, below the company’s target.</li></ul>

Parent company sales in March were 19.771bn yen (+17.4% YoY), slightly below the company’s monthly targetThe number of business days was 22, one day less than in March 2021. The sales growth rate per business day was +22.7% YoY (+21.4% for February).Sales to SMEs (monotaro.com) increased by around +13% YoY, below the company’s target.

MonotaRO (3064): Neutral Impression on March Sales; Effects of Price Hikes Appearing

MonotaRO Co Ltd

MonotaRO (3064): Neutral Impression on March Sales; Effects of Price Hikes Appearing