2016 All-Japan Research Team: Plant Engineering & Shipbuilding, No. 1: Taku Ouchi
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2016 All-Japan Research Team: Plant Engineering & Shipbuilding, No. 1: Taku Ouchi

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In 2012, Taku Ouchi of SMBC Nikko Securities debuted on this lineup, as a runner-up.

< The 2016 All-Japan Research Team

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Taku Ouchi

SMBC Nikko Securities

First-Place Appearances: 4


Total Appearances: 5


Analyst Debut: 2012


In 2012, Taku Ouchi of SMBC Nikko Securities debuted on this lineup, as a runner-up. He leaped to first place the following year and has secured that position ever since. The 38-year-old researcher also debuts on the Machinery roster this year, meriting a runner-up spot. Reporting on 18 domestic companies, he is especially popular among clients for his prowess as a stock picker. “He’s very accurate,” offers one advocate. “He doesn’t force trades, and he’s very patient in terms of timing the entry and exit points.” JGC Corp. is among Ouchi’s favorite companies. The Kanagawa-based global engineering concern designs and builds industrial plants for use across a swath of industries, including biochemicals, communications, nuclear power, pharmaceuticals, and petrochemicals. His overweight rating on the stock reflects both his belief that it is “heavily undervalued,” providing a good entry point for investors, and his expectation that orders for new projects — which had been weak — will slowly turn around. Consequently, he believes, JGC’s gross margins should improve in this fiscal year. Another name he is touting is diversified manufacturer Mitsubishi Heavy Industries. The analyst has long favored this Tokyo-headquartered diversified concern, which makes machinery for military and commercial use, as well as aircraft, engines, nuclear power plants, ships and turbines. The company should benefit from improvements in its cruise ship operations, where management has been reducing costs. In addition, orders for the turbine businesses are “solid,” he maintains. Finally, synergies from MHI’s uniting of its thermal power generation systems with those of local rival Hitachi are producing “relatively strong profit growth despite yen appreciation,” Ouchi reports.



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