2016 All-Japan Research Team: Beverages, Food & Tobacco, No. 3: Yoshiyasu Okihira
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2016 All-Japan Research Team: Beverages, Food & Tobacco, No. 3: Yoshiyasu Okihira

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Down one position to No. 3 is Yoshiyasu Okihira, who reports on 33 Japanese beverage, food and tobacco companies for SMBC Nikko Securities.

< The 2016 All-Japan Research Team

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Yoshiyasu Okihira

SMBC Nikko Securities

First-place appearances: 0


Total appearances: 6


Team debut: 2005


Down one position to No. 3 is Yoshiyasu Okihira, who reports on 33 Japanese beverage, food and tobacco companies for SMBC Nikko Securities. He is advising clients to watch for trouble this year in the domestic food producers market. “Sales of private brands, which can cut in-store prices thanks to cheaper ingredients costs, will tend to rise, leading to increased pressure on national brands to lower their prices,” says the 46-year-old analyst. “As a result, the battle against deflation risk may become a theme within the food sector in 2016. We think the performance of food shares is unlikely to be strong.” One standout to this cautious backdrop is Ariake Japan Co. Indeed, the Tokyo-based provider of natural seasonings and flavorings from meat products has been among his favorite names for three years. Okihira recommended that clients buy the shares in February 2013, at ¥1,758, citing its beneficial exposure to food services and ready-made meal industries that have been enjoying higher demand thanks to Japan’s aging population and low birth rates. So far, so good. As of the middle of last month, Ariake shares were trading at ¥6,520, having rocketed 270.9 percent over a period in which the domestic sector jumped 72.9 percent. During the trailing 12 months alone, the stock climbed 71.8 percent, besting its peers by 68.8 percentage points.



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