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2016 All-Japan Research Team: Broadcasting, No. 1: Shinsuke Iwasa

At No. 1 on this lineup for a third consecutive year is All-Japan Research Team Hall of Famer Shinsuke Iwasa.

Shinsuke Iwasa
Mizuho Securities Group
First-Place Appearances: 8

Total Appearances: 10

Analyst Debut: 2007

At No. 1 on this lineup for a third consecutive year is All-Japan Research Team Hall of Famer Shinsuke Iwasa. The Mizuho Securities Group researcher, 43, has clocked 11 total appearances in first place across this space and the former Paper category, and this year he marks his first showing on the Internet roster, as a runner-up. His “insights in the broadcasting sector have been very consistent — he has chosen well among his coverage which companies to be positive and negative on,” one fund manager offers. Iwasa reports on five Japanese broadcasters, plus three advertising agencies and five companies that operate in Internet industries. Tokyo-headquartered international advertising and public relations concern Dentsu has been among his preferred names since July 2014, when he raised his rating on the shares from neutral to buy, on valuation. The stock had advanced 33.2 percent by the middle of last month, to ¥5,400, while its domestic peers gained 27.6 percent. Considering the broader group, the analyst is somewhat circumspect, noting that as of mid-January, “media and Internet sector shares had fallen 9 percent since the end of 2015.” This performance is not unusual, he points out, given that “stocks also stagnated through mid-January in 2014 and 2015, unable to avoid the backlash from the strong rally between November and December the previous years — although share prices eventually started rising through early spring.” However, Iwasa adds, “what is different this time is that stocks have been falling since late November. We think this reflects changes in the macroeconomic environment, the competitive environment, and medium-term strategy and growth potential.”


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