2016 All-Japan Research Team: Electronics/Industrial, No. 1: Masaya Yamasaki
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2016 All-Japan Research Team: Electronics/Industrial, No. 1: Masaya Yamasaki

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For a second consecutive year, and the fifth time since 2011, Nomura’s Masaya Yamasaki, 47, earns first-place honors.

< The 2016 All-Japan Research Team

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Masaya Yamasaki

Nomura

First-Place Appearances: 5


Total Appearances: 11


Analyst Debut: 2006


For a second consecutive year, and the fifth time since 2011, Nomura’s Masaya Yamasaki, 47, earns first-place honors. “His very wide and timely global data coverage is a good indicator of industry trends,” attests one fund manager. On the macroeconomic front, Yamasaki — who follows eight Japanese industrial electronics names, an increase of one over the past year — is highlighting the impacts of foreign currency fluctuations, interest rates and a slowdown in emerging markets, especially China. At the industry level he forecasts that new service offerings in cloud computing will be the overarching theme for the year ahead. He cites as an example the so-called Internet of Things, or potential networking of everyday physical objects, which should ramp up this year and provide opportunities for a wide range of industries, the analyst notes. “Going forward, anything can be connected to the Internet, such as robots, machines, automobiles, trains and buses, drones, vending machines, credit cards, clothes, wearable devices and medicine,” he explains. “All things [can] have some kind of sensors and communication functions, and any industry can use IoT technology.” On this thinking, he is urging investors to buy shares of Tokyo-based manufacturers Fuji Electric Co., Hitachi and Mitsubishi Electric Corp. The latter he favors for its factory automation and power efficiency businesses, while Fuji Electric gets the nod thanks to its vending machine and power generation operations. Finally, says Yamasaki, Hitachi management is accelerating its restructuring efforts to cope with declining economic activity and can leverage its infrastructure and information technology units to “support better services using cloud computing technology.”



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