Report

PSA Financial Services / Capital Markets: M&A Research Institute (9552 JT) – Risk of Downward Revision to FY25 Earnings

Tag: M&A Research Institute (9552 JT) , M&A Capital Partners (6080 JT), Nihon M&A Center (2127 JT), Strike (6196 JT)

After reviewing MARI’s FY25 Q1 performance and discussing the outlook with management, small-cap specialist Hiroyuki Terada revises down his estimates for FY25~27.
Underlying
M&A Research Institute (9552 JT)

Provider
Pelham Smithers Associates Ltd
Pelham Smithers Associates Ltd

Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods. 

PSA produces both company and sector reports. The focus of PSA’s research is to identify winners and losers as new technologies impact the top and bottom lines of corporations. Critical to our research is the clear explanation of how these new technologies work and how they impact companies and industries. 

The founding partners have worked closely together for twenty years and the team has more than doubled in size since 2012. 

Analysts
Hiroyuki Terada

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