The 2016 All-Japan Research Team

Overview

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Mizuho Makes History with 2016 All-Japan Research Team Victory

Mizuho Securities Group celebrates a third straight year atop the All-Japan Research Team, Institutional Investor’s exclusive annual ranking of the nation’s leading sell-side equity analysts. This victory also marks an important milestone in the 23-year history of the survey: It is the first time that a firm other than Nomura has had the winner’s circle all to itself for more than one year. (Mizuho and Nomura shared the top spot in 2014.)

Both firms capture the same number of total team positions as last year: 28 for Mizuho and 23 for Nomura, which repeats in second place. SMBC Nikko Securities holds steady at No. 3 despite its picking up three spots, for a total of 22; while Daiwa Securities Group stands firm in fourth place even though its total declines by one, to 17. UBS adds one position, bringing its total to ten — that’s enough to propel the Swiss bank from seventh place to fifth and earn the title of this year’s highest-ranking nondomestic firm. Click on the Leaders link in the navigation table at right to see the full details of all ranked firms.

Survey results reflect the opinions of more than 1,100 individuals at 357 buy-side institutions that collectively manage an estimated $1.2 trillion in Japanese equities. The All-Japan Research Team Hall of Fame, which honors analysts who have earned at least ten sector-topping appearances, welcomes a new member this year: construction analyst Toshiya Mizutani of Mitsubishi UFJ Morgan Stanley Securities Co.

Mizutani, the 14th individual to warrant inclusion, is one of six Hall of Famers to lead their respective lineups this year. The others are:

• Shinsuke Iwasa of Mizuho Securities Group, Broadcasting

• Katsushi Saito of Nomura, Machinery

• Nobuyuki Saji of Mitsubishi UFJ Morgan Stanley Securities Co., Economics

• Mariko Watanabe of UBS, OTC & Small Companies

• Atsushi Yamaguchi of UBS, Metals


Four other Hall of Fame inductees appear on the 2016 team:

• Jun Harada of UBS, Transportation (runner-up)

• Toshihiko Okino of UBS, Housing & Real Estate (second place)

• Hidemaru Yamaguchi of Citi, Health Care & Pharmaceuticals (runner-up)

• Takaaki Yoshino of Daiwa Securities Group, Quantitative Research (third place)


A total of 135 analysts from 13 firms make this year’s team, including seven who are dually ranked:

• Atsushi Ikeda of Citi

— Chemicals (runner-up)

— Technical Materials (runner-up)

• Taro Ishihara of Daiwa Securities Group

— Broadcasting (third place)

— Internet (runner-up)

• Shinsuke Iwasa of Mizuho Securities Group

— Broadcasting (first place)

— Internet (runner-up)

• Hiroki Kawashima of SMBC Nikko Securities

— Construction (second place)

— Housing & Real Estate (runner-up)

• Yoshitaka Nagao of Nomura

— Broadcasting (second place)

— Internet (second place)

• Taku Ouchi of SMBC Nikko Securities

— Machinery (runner-up)

— Plant Engineering & Shipbuilding (first place)

• Hidekatsu Watanabe of Mizuho Securities Group

— Health Care & Pharmaceuticals (first place)

— OTC & Small Companies (second place)


Of the 30 analysts in first place, 24 are returning champs. Four advance from second place:

• Daisuke Fukushima of Nomura, Housing & Real Estate

• Yasuo Nakane of Mizuho Securities Group, Electronics/Consumer

• Katsushi Saito of Nomura, Machinery

• Makoto Ueno of Daiwa Securities Group, Software


One leaps from third place:

• Ryota Himeno of Barclays, Transportation


And one vaults from runner-up:

• Ken Takamiya of Nomura, Banks


Three top-ranked researchers are visiting the winner’s circle for the first time:

• Daisuke Fukushima of Nomura, Housing & Real Estate

• Ryota Himeno of Barclays, Transportation

• Ken Takamiya of Nomura, Banks


Six analysts are debuting on the team this year:

• Masaharu Hirokane of Nomura, Transportation (runner-up)

• Kuni Kanamori of SMBC Nikko Securities, Retailing (runner-up)

• Hirokazu Miyagi of Daiwa Securities Group, Machinery (runner-up)

• Akira Morimoto of SMBC Nikko Securities, Trading Companies (runner-up)

• Shinichiro Muraoka, of Morgan Stanley MUFG Securities Co., Health Care & Pharmaceuticals (runner-up)

• Katsuhiko Suzuki of Mizuho Securities Group, Transportation (runner-up)

Click on All Ranked Analysts in the navigation table to view profiles of the analysts in first, second and third places and to find information about when the researchers debuted in their sectors, the total number of appearances they have amassed to date, their total appearances at No. 1 (where applicable) and comments from money managers about what distinguishes each analyst from his or her peers.

Also available at that link is a list of analysts who earn a runner-up spot in each sector. Please note: Information about teams in the second and third positions, and runners-up, is available to subscribers only.

To learn more about how this ranking was compiled, click on Methodology.


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