Equity Research Report

Equity Research Report

August 3, 2021 Update “Skylark Holdings (3197): July sales”

August 3, 2021 Update “Ohsho Food Service (9936): July sales”

July 30, 2021 Update “Tosho (8920): Achieved YoY & QoQ increase in sales and profit”

July 30, 2021 Update “AB Hotel (6565): Successfully achieved profitability in 1Q”

July 30, 2021 Update “MonotaRO (3064): Neutral impression of 1H results”

July 30, 2021 Update “Ohsho Food Service (9936): Strong 1Q results even without subsidies”

July 28, 2021 Initiation of coverage “Ichigo (2337): Sustainable infrastructure company; initiating coverage with a Buy rating”

July 14, 2021 Update “Komeda Holdings (3543): Highest quarterly OP since listing”

July 14, 2021 Update “S Foods (2292): Robust results in 1Q FY2/22”

July 13, 2021 Update “Koshidaka Holdings (2157): 3Q results remain tough, but business environment to improve going forward”

July 12, 2021 Update “MonotaRO (3064): June sales”

July 12, 2021 Update “Komeda Holdings (3543): June wholesale sales”

July 9, 2021 Update “Monogatari Corporation (3097): June sales”

July 8, 2021 Initiation of coverage “Komeda Holdings (3543): Making money in the morning; initiating coverage with a Buy rating”

July 2, 2021 Update “Skylark Holdings (3197): June sales”

July 2, 2021 Update “Ohsho Food Service (9936): June sales, opening of first take-out/delivery specialty store”

July 1, 2021 Initiation of coverage “Skylark Holdings (3197): Top priority is credit improvement; initiating coverage with a Hold rating”

June 22, 2021 Initiation of coverage “Monogatari Corporation (3097): King of Japanese BBQ industry; initiating coverage with a Buy rating”

June 22, 2021 Initiation of coverage “Ohsho Food Service (9936): Gold medalist in Chinese cuisine. Enjoy dumplings in store or at home; initiating coverage with a Buy rating”

June 10, 2021 Update “MonotaRO (3064): May sales slightly negative”

June 8, 2021 Initiation of coverage “MonotaRO (3064): Spotlight on growth potential of large corporate business; initiating coverage with a Hold rating”

May 25, 2021 Initiation of coverage “S Foods (2292): Wagyu beef champion to expand Angus beef business; initiating coverage with a Buy rating”

May 17, 2021 Update “AB Hotel (6565): Comparison of hotel operators’ results – AB Hotel’s superiority confirmed”

May 14, 2021 Update “Zenkoku Hosho (7164): Benefiting from the restructuring of regional banks”

May 10, 2021 Update “Zenkoku Hosho (7164): FY3/21 results above consensus. Positive impression”

May 7, 2021 Update “Tosho (8920): No surprises for FY3/21 results”

May 7, 2021 Update “AB Hotel (6565): No surprises in FY3/21 results. Guidance for FY3/22 exceeds our forecast”

May 7, 2021 Initiation of coverage “Koshidaka Holdings (2157): Turning a pinch into an opportunity; initiating coverage with a Buy”

April 21, 2021 Initiation of coverage “AB Hotel (6565): Early turnaround to be achieved by focusing on business demand; initiating coverage with a Buy”

April 21, 2021 Initiation of coverage “Tosho (8920): Cost advantage to shine under COVID pandemic; initiating coverage with a Buy”

April 8, 2021 Initiation of coverage “Zenkoku Hosho (7164): Entering a new growth stage. Initiating coverage with a Buy rating”

清水 純一
Equity research analysts

Junichi Shimizu, CMA

Chief Analyst, Equity Research, Mita Securities. After working for Meiji Life, Moody's Japan, Deutsche Securities, and a major asset management company, Junichi Shimizu assumed his current position in February 2021. He has been an analyst for over 18 years. At Deutsche Securities, where he worked for 13 years, he covered a wide range of industries as a small- and mid-cap analyst and credit analyst. He has experience in various industries and companies such as food products, restaurants, banks, non-banks, real estate, e-commerce, information and telecommunications, internet services, leisure and amusement, auto parts, non-ferrous metals, and transportation. At Mita Securities, he focuses on discovering small and mid-cap stocks with high growth potential in a wide range of sectors. He holds a BA in Economics from the University of Tokyo and an MBA from the Tuck School of Business at Dartmouth. He is a Certified Member Analyst (CMA) of the Securities Analysts Association of Japan.

PAGE TOP

Corporate Name: Mita Securities Company Limited, Financial Instruments Business Operator, No. 175 by Director-General of Kanto Local Finance Bureau (Financial Services Agency)
Member of: The Japan Securities Dealers Association, Tokyo Real Estate Transaction Association
Fees and risks:
When entering into a transaction involving financial products and services (hereinafter referred to as products) presented in this website, you may be required to pay predetermined commission fees and expenses (hereinafter referred to as fees) on specific products. In addition, all products entail particular risks, and holders of these products can incur significant losses as a result of fluctuations in asset prices. Inherent risks and fees differ for each product. Please read the customer information described on each product’s webpage, pre-contract documents, prospectus or explanation documents (hereinafter referred to as documents) thoroughly. As a result of the diverse form of transactions, as well as the variable nature of market conditions and individual transaction details, we are unable to indicate in advance the risks and fees in this website that explains the outline of each products. When entering into a transaction involving products, you should confirm risks and fees in respect of each product by the documents provided to you prior to the contract related to each product.
Private placement is the sale of an issue of securities directly by the issuer to one or a few investors without public offering. The documents regarding contents or fees of each private placement of securities are not placed in this website. Please read the documents (including contract document, notification, etc) provided to you prior to the contract related to each product thoroughly.

©Mita Securities Co., Ltd. All Rights Reserved.