The 2014 All-Japan Research Team: Transportation, No. 2: Satoru Kunieda
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The 2014 All-Japan Research Team: Transportation, No. 2: Satoru Kunieda

< The 2014 All-Japan Research Team Satoru Kunieda & team Mizuho Securities Group First-place appearances: 0

Total appearances: 5

Team debut: 2008 Outstanding client service helps catapult Satoru Kunieda from runner-up to second place, the Mizuho Securities Group analyst’s strongest showing to date. Among his other strengths, reports one fund manager, Kunieda is “incredibly responsive to questions and requests” for detailed information. He also is “very effective at organizing and conducting both pre- and postresults company meetings and conference calls,” the backer adds. The analyst’s favorite players in this sector include Tokyo-based maritime shipping giant Nippon Yusen Kabushiki Kaisha. Exports will become more attractive thanks to “a strong likelihood that a yen depreciation trend will resume,” he explains, which additionally will lower the risk that container rates will fluctuate. In addition, the operator will benefit from management’s greater willingness “to cancel unprofitable contracts in the tramp shipping industry,” Kunieda notes. Another preferred name is Tokyo-headquartered East Japan Railway Co. Not only should “railway revenues be expected to increase as the economy improves,” he says, but “the company’s high-quality real estate holdings are undervalued.” What’s more, East Japan’s management has embarked on a share-buyback program that Kunieda expects to remain stable, further bolstering the stock price.

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