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>Maintaining TP of 1,600 yen and a Hold rating. We are updating our earnings forecast for Skylark Holdings (3197, the company)</li><li>On February 14, the company announced full-year IFRS OP of 18.2bn yen (vs. -23.0bn yen loss in FY12/20)</li><li>Our new forecast for FY12/22 is for sales of 311.9bn yen (+17.9% YoY; previous forecast 311.8bn yen) and OP of 8.8bn yen (-51.5% YoY; previous forecast 10.4bn yen)</li></ul>

Maintaining TP of 1,600 yen and a Hold rating. We are updating our earnings forecast for Skylark Holdings (3197, the company)On February 14, the company announced full-year IFRS OP of 18.2bn yen (vs. -23.0bn yen loss in FY12/20)Our new forecast for FY12/22 is for sales of 311.9bn yen (+17.9% YoY; previous forecast 311.8bn yen) and OP of 8.8bn yen (-51.5% YoY; previous forecast 10.4bn yen)

Skylark Holdings (3197): Earnings Forecast Update. Challenges in Handling Inflation

Skylark Co Ltd

Skylark Holdings (3197): Earnings Forecast Update. Challenges in Handling Inflation