Toshiya Mizutani Mitsubishi UFJ Morgan Stanley Securities Co. The buy side says: “He has a broad, holistic view of the construction industry.”
Toshiya Mizutani, 52, of Mitsubishi UFJ Morgan Stanley Securities Co. locks up first-place honors for a fifth straight year. “He covers all the names and does a good job, especially of breaking down their overseas and domestic expenses using a top-down approach,” one money manager explains. Top calls include a February 2010 upgrade on Taikisha from buy (first upgraded from neutral back in November 2009, at ¥1,200) to strong buy, at ¥1,433. Mizutani noted that the Tokyo-based contractor — No. 1 in Japan and No. 2 worldwide for auto-painting facilities — expected to be generating 60 percent of its orders overseas by the third quarter of fiscal 2011, which ends March 31, 2012, the highest overseas weighting among domestic construction companies. The stock had shot up to ¥1,694 by late April before drifting back down, closing February 2011 at ¥1,482 — for a gain of 23.5 percent since the original buy recommendation that beat the sector by 12.2 percentage points.
Polling and tabulation of data as well as reporting on the sector profiles were completed before the March 11 Tohoku earthquake.