The 2014 All-Japan Research Team: Machinery, No. 2: Katsushi Saito
Institutional Investor Research is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

The 2014 All-Japan Research Team: Machinery, No. 2: Katsushi Saito

< The 2014 All-Japan Research Team Katsushi Saito & team Nomura First-place appearances: 12


Total appearances: 18


Team debut: 1997 Dropping to No. 2 after four consecutive years on top is Nomura’s Katsushi Saito, an All-Japan Research Team Hall of Famer who has appeared on this roster every year since 1997, including 12 first-place finishes. Although he slips this year, Saito is still regarded with near-reverence. “He’s one of the most veteran analysts in this industry and perhaps the most respected,” asserts one loyalist. Indeed, his reputation is such that “he has power to move stock prices regardless of whether his opinion is correct or not,” the backer adds. Among the researcher’s top stock picks is Tokyo-based THK Co. The world’s top linear-guide producer, with approximately 50 percent of global market share, THK offers plenty of upside, he says. “We are expecting 45 percent year-over-year growth for March 2015 operating profits,” Saito reports. Driving net income are “better margins at production facilities in Japan, expectations for sales growth in China, demand of producers of low-cost smartphones and a recovery in sales to the Japanese machine tool and semiconductor-production-equipment industries,” he explains. The stock jumped 7.7 percent within days of his rating it a buy in early February, at ¥2,245, before being dragged back to ¥2,121 in mid-March. Whether THK and its stock meet Saito’s expectations — his target price for the shares is ¥2,900 — bears watching. By all accounts, clients say, he is right much more often than he is wrong.



Gift this article