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>The share price has declined by 15% from its March high, perhaps on misplaced concerns about its HTM bond book and capitalization. </li>
<li>We have little concern about a collapse in the Japanese housing market and see little impact from higher defaults on capitalization. </li>
<li>We see a modest 19% downside if management continues to build up excess capital.  Hibiki's plan points to over 20% upside. </li>
</ul>


The share price has declined by 15% from its March high, perhaps on misplaced concerns about its HTM bond book and capitalization. 
We have little concern about a collapse in the Japanese housing market and see little impact from higher defaults on capitalization. 
We see a modest 19% downside if management continues to build up excess capital.  Hibiki's plan points to over 20% upside. 


Zenkoku Hosho (7164) | The (Hibiki) Path to a Higher Share Price