PSA Consumer Discretionary / Specialty Retail: Sanrio (8136 JT) [Mkt Cap US$6.6bil] – Upward Revision Still Conservative
Analyst Hiroyuki Terada thinks Sanrio’s upward revision to the full-year FY24 guidance is still too conservative, bumping his own forecasts for FY24~FY26 up by almost +20%.Sanrio is engaged in the planning and sale of social communication gifts, greeting cards and books; and the planning and operation of theme parks using its own developed characters. The principal characters include "Hello Kitty," "Little Twin Stars Kiki & Lala," "My Melody," "Shinkansen,"" Cinnamoroll," "Pompom Purin," "Jewelpet" and " Patty & Jimmy." Co. also engaged in the management of restaurants (Kentucky Fried Chickens), the lease of cars, the production and rental of robots, the film production, as well as the provision of non-life insurance agency services.
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.
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