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.
Equity Research Report
Equity Research Report
November 26, 2021 “List of Covered Stocks”
November 10, 2021 Update “MonotaRO (3064): October sales”
November 9, 2021 Update “Monogatari Corporation (3097): Preparing for post-COVID period”
November 4, 2021 Update “MonotaRO (3064): Post-earnings interview with MonotaRO”
November 2, 2021 Update “Skylark Holdings (3197): Significant recovery in October sales”
October 29, 2021 Update “Tosho (8920): Positive. OP exceeds company target”
October 29, 2021 Update “AB Hotel (6565): Reassurance on quarterly OP growth”
October 29, 2021 Update “MonotaRO (3064): Low progress in OP gives a negative impression”
October 29, 2021 Update “Ohsho Food Service (9936): From alcohol-free to subsidy-free”
October 14, 2021 Update “Ichigo (2337): Low progress in line with expectations”
October 14, 2021 Update “S Foods (2292): Outstanding performance continues”
October 13, 2021 Update “Komeda Holdings (3543): Stable profits despite a difficult summer”
October 11, 2021 Update “Monogatari Corporation (3097): September sales. King is strong”
October 11, 2021 Update “Komeda Holdings (3543): September wholesale sales”
October 11, 2021 Update “MonotaRO (3064): Sepmber sales”
October 7, 2021 “List of Covered Stocks”
October 4, 2021 Update “Skylark Holdings (3197): Skylark Goes To Chicago”
Octber 4, 2021 Update “Ohsho Food Service (9936): Gyoza & beer combination is back”
September 29, 2021 TP change “Fast Fitness Japan (7092): Target price changed due to stock split”
September 27, 2021 “List of Covered Stocks”
September 10, 2021 Update “Komeda Holdings (3543): August wholesale sales essentially flat YoY”
September 10, 2021 Update “MonotaRO (3064): August sales”
September 9, 2021 Update “Monogatari Corporation (3097): August sales”
September 2, 2021 Update “Skylark Holdings (3197): August sales, industry update”
September 2, 2021 Update “Ohsho Food Service (9936): August sales, industry update”
August 13, 2021 Update “Skylark Holdings (3197): First impression of 1H results neutral”
August 11, 2021 Update “Monogatari Corporation (3097): July sales, positive impression”
August 10, 2021 Update “Monogatari Corporation (3097): OP guidance mostly in-line with our forecast”
August 10, 2021 Update “MonotaRO (3064): July sales”
August 10, 2021 Update “Komeda Holdings (3543): July wholesale sales, Strong Kome-Gyu effect”
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 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 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 2, 2021 Update “Skylark Holdings (3197): June sales”
June 10, 2021 Update “MonotaRO (3064): May sales slightly negative”
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”
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.