2015 All-Japan Research Team: Autos, No. 3: Tatsuo Yoshida
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

2015 All-Japan Research Team: Autos, No. 3: Tatsuo Yoshida

2015-04-tom-johnson-all-japan-research-team-tatsuo-yoshida-thumb.jpg

In his tenth appearance on this roster, Tatsuo Yoshida rises from runner-up to third place.

< The 2015 All-Japan Research Team

2015-04-tom-johnson-all-japan-research-team-tatsuo-yoshida.jpg

Tatsuo Yoshida

Barclays

First-place appearances: 3


Total appearances: 10


Team debut: 2006


In his tenth appearance on this roster, Tatsuo Yoshida rises from runner-up to third place. The 55-year-old Barclays analyst boasts a “very deep knowledge and insight about the industry,” asserts one investor, and “he always makes himself available to answer clients’ requests.” Yoshida cites Tokyo-based Honda Motor Co. and Suzuki Motor Corp. of Shizuoka as among his long-standing favorite names, advising clients to overweight both. Honda continues to demonstrate “product appeal and strong growth, while margins are improving,” he says, and “accceleration of profitability” should serve as a catalyst for the stock price, despite some shareholder unhappiness at high levels of capital spending. The current valuation, he contends, “already reflects any negatives, implying little downside risk.” At ¥4,800, the researcher’s target price implies an 18.5 percent premium to Honda’s value in late March. Suzuki’s shares should see a positive bump from the automaker’s profitable franchise in India. Sales there are rising “on the back of macroeconomic improvement” coupled with the manufacturer’s “product appeal and strong sales-and-service network,” he advises. In Japan, meanwhile, Suzuki is poised to increase revenue, he believes, while the “minivehicle industry recovers its underlying strength as the market returns to normal after overheating amid competition for top market share.” The stock was trading at ¥3,666 in late March, and Yoshida projects a rise to ¥3,900. “He has strong connections with managements at the auto companies and with other industry specialists,” another backer remarks.



Gift this article