Real insight on Japanese Consumer markets
Top stories from this month’s issue of JapanConsuming include: 1) Seven & I has finally sold Sogo Seibu - it will be pleased to have offloaded a loss-making format it never really understood, but at a cost, it will write off ¥90bn+ in loans. 2) Tsuruha is the latest retailer to come under attack from an activist investment fund. 3) ABC Mart expands its lead in footwear. 4) 3Coins, a variety store run by Pal Group, looks to have a strong future. 5) Frozen Foods becoming mainstream. 6) JapanConsuming’s FOCUS article discusses how the country is witnessing the emergence of a new elite group of department stores who are far ahead even of their big city peers.
Edition: 170
- 29 September, 2023
Health Care - Biotech
TT through a 150 page report shows how Abcam's management is fully incentivised by revenue growth and adjusted earnings. They are maximising personal rewards by adjusting earnings, capitalising costs and through expensive M&A deals. Recently management also engaged in a mysterious inventory write-up, meanwhile we have seen hardly any historic gross margin improvement since capital expensive strategy and no historic evidence of any opertaing leverage. The company has a capital-intensive business model in a high competitive market driven by pricing pressure which seems less temporary than management would have you believe.
Edition: 145
- 30 September, 2022
Keep track of Japan's Retail & Consumer markets
JC’s monthly report offers subscribers an easy, fast way to keep up with key trends, deals, marketing ideas, competitor strategies, and all the latest store and consumer data. Top stories from this month's edition include: 1) Seven & I sells Oshman’s to ABC Mart - clear sign that it is beginning to tackle its legacy operations. 2) Aeon Mall looks to experiences to get people into its properties. 3) Workman to open in Ginza; paves way for next big expansion. 4) Omnichannel accelerates in fashion: 40% of eCommerce sales from staff blogging. 5) Subscription retailing goes mainstream.
Edition: 131
- 18 March, 2022
Aditya Birla Capital (ABCAP IN) India
Financials
No comment from ABC despite a flurry of senior level exits at its NBFC subsidiary Aditya Birla Finance Ltd. - since May 2021, at least five senior officials in-charge of business verticals and control functions including the CFO have quit. The fact that these departures coincide with the Securities and Exchange Board of India (SEBI) investigating dodgy deals at ABFL should send alarm bells ringing for stakeholders.
Edition: 119
- 17 September, 2021