2015 All-Japan Research Team: Transportation, No. 3: Ryota Himeno
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2015 All-Japan Research Team: Transportation, No. 3: Ryota Himeno

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Barclays analyst Ryota Himeno holds steady in third place on the strength of his mastery of Japan’s transportation names and his client service.

< The 2015 All-Japan Research Team

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Ryota Himeno

Barclays

First-place appearances: 0


Total appearances: 4


Team debut: 2012


Barclays analyst Ryota Himeno holds steady in third place on the strength of his mastery of Japan’s transportation names and his client service. “He’s great at sharing information, and he gets back to me right away,” reports one fund manager. “Whenever I have a question, he always know the answer.” Himeno, 33, is recommending that investors overweight Sankyu, a Tokyo-headquartered international shipper that provides intermodal transport services, such as air freight and ocean shipping and trucking, as well as warehousing and other logistical services. He deems the stock a good value proposition, advising that the company has been lagging its peers “because of diminished visibility since taking a one-time loss for overseas business.” However, Sankyu should increase earnings over the longer term, the researcher believes, particularly as its aging facilities receive a facelift from “refurbishment projects.” His target price of ¥620 represents a 15.2 percent premium to the stock’s value in late March. Another player that he expects to outperform is Nippon Yusen, Japan’s dominant marine shipping line. Both the depreciating yen and the decline in bunker fuel oil prices will continue to have a positive impact on the marine transportation industry overall, says Himeno, as will a pickup in demand from the dry-bulk market for such commodities as iron ore and coking coal. Nippon Yusen, in particular, should benefit from ”a steady accretion of profits” deriving from the liquefied natural gas and offshore oil drilling industries, where the Tokyo-headquartered concern maintains a “strong competitive position,” he notes. The shares were trading at ¥369 late last month, and he projects a rise to ¥420. Himeno “is a unique analyst who covers both transportation and the retail sector, which adds value to his transportation analysis,” another supporter avers.



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