Equity Analyst, LightStream Research

Chacko Jacob

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/27437" target="_blank" data-smartkarma-citation="entities:27437:1">World Co Ltd (3612 JP)</a> is a vertically integrated clothing company that owns a number of well-known brands in Japan. Its stores are a common sight in stations and shopping centres in the country. World Co Ltd was previously listed on the 1st Section of the Osaka Securities Exchange as well as the Tokyo Stock Exchange. However, the company was delisted in 2005 to facilitate an MBO. In this report, we look at the company's history, business segments and the details of the offering. World Co Ltd will become the second clothing company to re-list its shares in September after Narumiya ( 9275 JP) which we covered in our earlier report - <a href="https://www.smartkarma.com/insights/narumiya-ipo-preview-re-listing-high-exposure-to-department-stores-shows-old-habits-die-hard" target="_blank" data-smartkarma-citation="insights:23281">Narumiya IPO Preview (Re-Listing): High Exposure to Department Stores Shows Old Habits Die Hard</a>.  The initial trading in Narumiya'could set a precedent for the success of the World IPO.</p>

World Co Ltd (3612 JP) is a vertically integrated clothing company that owns a number of well-known brands in Japan. Its stores are a common sight in stations and shopping centres in the country. World Co Ltd was previously listed on the 1st Section of the Osaka Securities Exchange as well as the Tokyo Stock Exchange. However, the company was delisted in 2005 to facilitate an MBO. In this report, we look at the company's history, business segments and the details of the offering. World Co Ltd will become the second clothing company to re-list its shares in September after Narumiya ( 9275 JP) which we covered in our earlier report - Narumiya IPO Preview (Re-Listing): High Exposure to Department Stores Shows Old Habits Die Hard.  The initial trading in Narumiya'could set a precedent for the success of the World IPO.

World Co Ltd IPO Preview(3612 JP): Banking On Its Legacy To Sell Over-Priced Clothes