All-Japan Research Team Hall of Famer Toshihiko Okino, who spent the past 12 years at No. 1, slips to second place. The UBS analyst monitors 14 Japanese housing and real estate companies, down from 20 a year ago, and plans “to focus more on producing thematic reports by reducing my time spent on updates.” Loyalists insist that he produces “insightful research that’s always helpful to investors,” as one money manager puts it. Okino strongly recommends that clients prefer Mitsubishi Estate Co., a Tokyo-headquartered developer, citing both strong condo sales and valuation after a recent sell-off. In mid-March the shares were trading at ¥2,132, down 27 percent from their 52-week high of ¥2,919.50 in mid-August, which was worse even than the domestic sector’s 19.9 percent decline. He forecasts that they could reach ¥3,500 in the next 12 months. “His special capabilities are powerful analysis and exacting observation of corporate details,” holds another admirer.