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As soon as the news of Japan easing tourist visas for people from China was released, local retail travel stocks surged immediately.
① The Japanese Foreign Minister, Toshimitsu Motegi, announced the relaxation of visa requirements for Chinese tourists to Japan, expected to be implemented in spring 2025. ② After the announcement, retail and tourism-related stocks in Japan rose, with J. Front Retailing Co. soaring by 8.38%, while Isetan Mitsukoshi Holdings and Takashimaya increased by 6.98% and 3.69%, respectively.
Kual HD Research Memo (3): Developing 'Health Care Pharmacies' through 'one-on-one pharmacies' and collaboration with other Industries.
■Company Overview 2. Pharmacy Business (1) Business Scale and Positioning in the Industry The pharmacy business mainly involves the operation of dispensing pharmacies. As of the end of September 2024, of the total 953 stores, approximately 98% or 931 stores are dispensing pharmacies, with the remaining 22 stores operating as in-hospital kiosks. Furthermore, about 93% of segment revenue comes from prescription sales (so-called dispensing revenue), and the remainder comes from product sales in pharmacies, convenience stores, and in-hospital stores.
TBS HD, NTV HD, etc. (additional) Rating
Upgraded - Bullish Code Stock Name Securities Company Previous Change After ------------------------------------------------------------ <4676> Fuji HD Nomura "Neutral" "Buy" Downgraded - Bearish Code Stock Name Securities Company Previous Change After ------------------------------------------------------------ <4293> Septeni
List of conversion stocks (Part 3) [List of parabolic signal conversion stocks]
○ List of stocks switching to Sell market Code Stock Name Closing Price SAR Main Board <6929> Nichi Ceramic 2612 2678 <6962> Daishinku 536553 <7011> Mitsubishi Heavy 22572485 <7013> IHI 82008983 <7092> FFJ 13901460 <7182> Japan Post Bank 14811545 <7309> Shimano Inc Unsponsored ADR 2090021890 <7322> Mitsu Sanju <
San-Ei Corporation Research Memo (3): Developing store sales focused on OEM from major clients represented by Muji and imported brands.
■Business Overview 1. Trends in the Furniture and Household Products Business San-Ei Corporation <8119> has its largest business segment in the Furniture and Household Products sector. This business has a high ratio of OEM, accounting for around 90% of revenue, and has grown alongside the business expansion of major clients such as Ryohin Keikaku. The revenue composition ratio from Ryohin Keikaku and its subsidiaries is 52.0% (for the fiscal year ending March 2024, total of all segments), indicating a significant presence. The company's own sales channels are expected to see further growth.
Sanei Corporation Research Memo (1): For the interim period ending March 2025, significant increases in revenue and profit are expected. The full year is also expected to see increases in revenue and profit, with Financial Estimates of operating income at
■Summary San-Ei Corporation <8119> has a history of 78 years and is a multifunctional trading company primarily dealing in high value-added products. It handles a wide range of everyday goods and engages extensively in the supply chain from manufacturing, import and export, to wholesale and retail. The company has 17 overseas bases and 29 directly operated retail stores in Japan. Its uniqueness is clear in dealing with high value-added products, such as the introduction of European brands into Japan and the OEM supply of products represented by Ryohin Keikaku <7453>. The revenue ratio of the OEM business accounts for about 70%.
