2015 All-Japan Research Team: Software, No. 1: Satoru Kikuchi
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2015 All-Japan Research Team: Software, No. 1: Satoru Kikuchi

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SMBC Nikko Securities’ Satoru Kikuchi claims first place on this roster, which newly reflects coverage of Japan’s business and entertainment software companies.

< The 2015 All-Japan Research Team

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Satoru Kikuchi

SMBC Nikko Securities

First-Place Appearances: 5


Total Appearances: 10


Analyst Debut: 2006


SMBC Nikko Securities’ Satoru Kikuchi claims first place on this roster, which newly reflects coverage of Japan’s business and entertainment software companies. The 45-year-old analyst, who held the No. 2 position on the Software/Business lineup last year, reports on 16 names in this space. He is upbeat, in general, noting that “2015 is the second year of demand expansion” for the sector. “We can expect better margins, improvement in stock valuations and strong stock performance.” Kikuchi dubs two Tokyo-based players, NTT Data Corp. and Otsuka Corp., his top picks for the year ahead. Under a new national identification system called My Number, next January each citizen and registered resident of Japan will be issued a unique, 12-digit ID number that will be used to track data on, for example, student loans; income, medical history and taxes; and pension, social security and welfare benefits. Systems integrators and information technologies services providers stand to benefit as governments and financial institutions rebuild or upgrade their operations and networks accordingly, the researcher advises. He has been urging investors to buy NTT since November 2013 and reiterated his position last October, citing prospective earnings growth. By late last month the stock had soared 43.2 percent, to ¥5,240, besting its domestic peers by 8 percentage points. As for Otsuka, Kikuchi highlights the increasing sales and added value the company is producing “by making its solutions more diverse and sophisticated in response to growth in IT demand and the more advanced office IT needs among midtier firms” and small and midsize enterprises.



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