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 May were 16.401bn yen (+20.9% YoY), above the company’s monthly target</li><li>The number of business days was 19, one day more than in May 2021. The sales growth rate per business day was +14.5% YoY (+23.4% for April)</li><li>The negative impact of the Shanghai lockdown appears to be limited so far.</li></ul>

Parent company sales in May were 16.401bn yen (+20.9% YoY), above the company’s monthly targetThe number of business days was 19, one day more than in May 2021. The sales growth rate per business day was +14.5% YoY (+23.4% for April)The negative impact of the Shanghai lockdown appears to be limited so far.

MonotaRO (3064): Positive Impression on May Sales

MonotaRO Co Ltd

MonotaRO (3064): Positive Impression on May Sales