The 2014 All-Japan Research Team: Autos, No. 2: Kota Yuzawa
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The 2014 All-Japan Research Team: Autos, No. 2: Kota Yuzawa

< The 2014 All-Japan Research Team Kota Yuzawa & team Goldman Sachs Japan Co. First-place appearances: 0

Total appearances: 6

Team debut: 2009 Advancing from runner-up to record his best showing since 2011, Kota Yuzawa claims second place. One investor deems Yuzawa a dependable source of reliable information. “In addition to being responsive to questions and requests,” the client says, he “tends to be succinct, logical and clear in his stock views and preferences.” In mid-January the Goldman Sachs Japan Co. analyst added Toyota Motor Corp. to his conviction list. He forecasts that the world’s largest auto manufacturer, by sales, will be able to sustain profit growth through the fiscal year ending in March 2015 even if volume growth is slow, on the strength of its highly successful Lexus luxury brand. The Aichi-based automaker is also enjoying “reductions in the cost of goods sold,” Yuzawa notes, “and better margins on new hybrids.” Finally, with its cash hoard rising to nearly 35 percent of market capitalization, at approximately ¥6 trillion ($5.9 billion), “Toyota could raise its dividend toward year end, based on a payout target of 30 percent,” he advises. The shares had by mid-March slipped 11.3 percent, to ¥5,551, in line with the sector’s decline, and the researcher sees considerable room to run. His target price on Toyota’s stock is ¥7,700.

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