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>Same-store sales were 1648.4% vs. May 2021 (208.7% for April), 684.1% vs. May 2020 (1979.9% for April), and 83.2% vs. May 2019 (77.2% for April)</li><li>Note that both May 2021 and May 2020 were significantly affected by the emergency measures</li><li>The number of holidays (weekends and holidays) was one day less than in May 2021 and May 2020, and two more than in May 2019</li></ul>

Same-store sales were 1648.4% vs. May 2021 (208.7% for April), 684.1% vs. May 2020 (1979.9% for April), and 83.2% vs. May 2019 (77.2% for April)Note that both May 2021 and May 2020 were significantly affected by the emergency measuresThe number of holidays (weekends and holidays) was one day less than in May 2021 and May 2020, and two more than in May 2019

Torikizoku Holdings (3193): May SSS Recovered to 83% of Pre-Pandemic Levels