Japan Specialist

Mark Chadwick

Over 20 years experience in equities and asset management in Asia and Japan. Qualified CFA with experience analyzing companies as a buy-side analyst. In-depth knowledge of company fundamental analysis, corporate governance and valuations.

Equity Bottom-Up

<ul>
<li>Activist investor, Strategic Capital, has taken a significant 5% stake in the underperforming steel company</li>
<li>Yodogawa stacks up in line with the sector on operating metrics but its under leveraged balance sheet has crimped Returns on Equity and valuations</li>
<li>We expect that the activist will seek to improve the company's ROE through an improvement in capital allocation. That is bullish</li>
</ul>


Activist investor, Strategic Capital, has taken a significant 5% stake in the underperforming steel company
Yodogawa stacks up in line with the sector on operating metrics but its under leveraged balance sheet has crimped Returns on Equity and valuations
We expect that the activist will seek to improve the company's ROE through an improvement in capital allocation. That is bullish


Yodogawa Steel (5451) | Steeling for a Capital Allocation Battle

Yodogawa Steel Works

Yodogawa Steel (5451) | Steeling for a Capital Allocation Battle