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>We have raised our profit forecast for Zenkoku Hosho (7164, the company) by easing our assumption on credit costs</li><li>We believe that one of the medium- to long-term themes in Japan's financial industry is the growing momentum of reorganization among regional financial institutions</li><li>Our target price is equivalent to 14.6x our FY3/23 EPS forecast of 445.66 yen</li></ul>

We have raised our profit forecast for Zenkoku Hosho (7164, the company) by easing our assumption on credit costsWe believe that one of the medium- to long-term themes in Japan's financial industry is the growing momentum of reorganization among regional financial institutionsOur target price is equivalent to 14.6x our FY3/23 EPS forecast of 445.66 yen

Zenkoku Hosho (7164): Raising Our Profit Forecast by Easing Credit Cost Assumption; Reiterate Buy