The 2014 All-Japan Research Team: Metals, No. 3: Yuji Matsumoto
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The 2014 All-Japan Research Team: Metals, No. 3: Yuji Matsumoto

< The 2014 All-Japan Research Team Yuji Matsumoto Nomura First-place appearances: 0

Total appearances: 5

Analyst debut: 2010 Yuji Matsumoto earns his fifth consecutive appearance on this list, repeating in third place. The Nomura analyst excels at delivering the nuts-and-bolts of research and at client service, investors say. “Not only is he helpful at collecting valuable data on pricing and at breaking down production information,” explains one money manager, “but he has good contacts with all the companies. He’s someone I can call on to set up CEO meetings.” Matsumoto is directing clients’ attention to two names in particular, recommending that they buy Mitsui Mining & Smelting Co., a producer of such nonferrous metals as copper alloys and lead, and Sumitomo Electric Industries, which manufactures cabling, circuit boards, optical fibers, wiring and related equipment. He forecasts that Tokyo-based Mitsui Mining will enjoy “high short-term profit growth” thanks to such drivers as automotive door locks, and its new copper-mining and copper-foil businesses. At ¥325, his target price for the shares is 35.4 percent higher than their value in mid-March. Osaka-based Sumitomo Electric, whose stock was trading at ¥1,453 in mid-March, is favored on anticipation of a recovery in its automotive products and telecommunication segments. What’s more, Matsumoto says, “several kinds of new business, including aluminum wire harness, batteries and the superconducting cable business, could be drivers for growth.” Accordingly, he projects that the stock could rise as high as ¥1,890.

See also Yuji Matsumoto's profile in the 2013 All-Japan Research Team.

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