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Japan Alpha 9.1% Beta 0.4 Download
CIM algo R80 Japan Draft version Calculation Date: 2020-01-20 The CIMalgo R80 Japan is Cimalgo's Robust investment model applied to Japan. The Robust model is an algorithmic portfolio construction procedure which seeks to provide strong risk-adjusted performance and low beta in any market worldwide by aiming at high-liquidity stocks and combining high diversification with propriatary portfolio optimization techniques. The performance is achieved through optimization for low volatility and limited drawdowns. Combined with a simple equal-weighting rule ex- ploiting long-term mean reversal properties of equity prices results in stable long-term risk-adjusted performance independent of both domestic and global market business cycles. All performance below is based on total return. Backtest Performance Model Characteristics Backtested performance is compared to MSCI Japan Gross Total Return USD Index. Region Japan 2000−01−10 / 2020−01−20 Universe All Trading Constituents 80 R80 600 MSCI Weighting Equal 500 Rebalancing Quarterly Currency USD 400 Liquidity Requirement Min 0.5M USD ADTV 300 Annual Performance (%) 200 Year Return % Volatility % Sharpe Ratio 100 R80 MSCI R80 MSCI R80 MSCI 2000 -8.0 -34.9 14.1 29.1 -0.6 -1.2 Jan 10 Jan 01 Jan 01 Jan 02 Jan 01 Jan 01 Jan 02 Jan 01 Jan 01 Jan 01 Jan 01 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2001 -13.5 -28.8 16.0 29.4 -0.8 -1.0 2002 4.8 -11.1 14.3 25.2 0.3 -0.4 2003 29.4 27.3 12.0 24.2 2.5 1.1 Drawdown Comparison (%) 2004 28.2 10.3 13.9 21.7 2.0 0.5 2005 15.2 28.3 11.5 16.2 1.3 1.7 Drawdown is compared to MSCI Japan Gross Total Return USD Index. -
Ohsho Food Service Junichi Shimizu Chief Analyst, Head of Research TSE 1St Section 9936 Industry: Food Service, Retail Gold Medalist in Chinese Cuisine
MITA SECURITIES Equity Research June 22, 2021 MITA SECURITIES Co., Ltd. Ohsho Food Service Junichi Shimizu Chief Analyst, Head of Research TSE 1st Section 9936 Industry: Food service, retail Gold medalist in Chinese cuisine. Enjoy Initiation of coverage dumplings in store or at home; initiating coverage with a Buy rating Rating Initiating coverage with a TP of 7,250 yen and a Buy rating We initiate coverage of Ohsho Food Service Corporation (9936, Ohsho Food Service, the Buy company) with a target price of 7,250 yen and a Buy rating. Target price (JPY) 7,250 The company operates “Gyoza no Ohsho,” the largest Chinese restaurant chain, both Stock price (JPY) (Jun 21) 5,610 directly and through franchisees nationwide. The company’s earnings have been robust Market cap (JPYbn) 130.6 since pre-COVID-19 pandemic. Although sales of in-store dining declined as it was forced Key changes to shorten business hours in the wake of the COVID-19, sales of take-out and delivery have Rating New been strong. The company posted an OP of 6.1bn yen (OPM 7.5%) in FY3/21 while many of Target price New its competitors posted losses. With the withdrawal of underperforming restaurants, the Earnings forecast New potential locations for new openings have been increasing. The company appears to be the Stock price (JPY) only major Chinese restaurant chain that can continue to make positive investments. In our 10,000 view, the company’s competitive advantage will continue to strengthen. 9,000 8,000 7,000 The catalysts we envision for an upturn in the stock price include strong monthly same- 6,000 5,000 store sales, recovery in quarterly profits, easing of requests by local governments to 4,000 3,000 shorten business hours, and progress in vaccination against the COVID-19. -
Demae-Can / 2484
Demae-can / 2484 COVERAGE INITIATED ON: 2017.12.25 LAST UPDATE: 2021.06.25 Shared Research Inc. has produced this report by request from the company discussed herein. The aim is to provide an “owner’s manual” to investors. We at Shared Research Inc. make every effort to provide an accurate, objective, neutral analysis. To highlight any biases, we clearly attribute our data and findings. We always present opinions from company management as such. The views are ours where stated. We do not try to convince or influence, only inform. We appreciate your suggestions and feedback. Write to us at [email protected] or find us on Bloomberg. Research Coverage Report by Shared Research Inc. Demae-can / 2484 RCoverage LAST UPDATE: 2021.06.25 Research Coverage Report by Shared Research Inc. | https://sharedresearch.jp INDEX How to read a Shared Research report: This report begins with the Trends and outlook section, which discusses the company’s most recent earnings. First-time readers should start at the later Business section. Executive summary ----------------------------------------------------------------------------------------------------------------------------------- 3 Key financial data ------------------------------------------------------------------------------------------------------------------------------------- 5 Recent updates ---------------------------------------------------------------------------------------------------------------------------------------- 6 Highlights ------------------------------------------------------------------------------------------------------------------------------------------------------------ -
Quarterly Portfolio Disclosure
Schroders 29/05/2020 ASX Limited Schroders Investment Management Australia Limited ASX Market Announcements Office ABN:22 000 443 274 Exchange Centre Australian Financial Services Licence: 226473 20 Bridge Street Sydney NSW 2000 Level 20 Angel Place 123 Pitt Street Sydney NSW 2000 P: 1300 180 103 E: [email protected] W: www.schroders.com.au/GROW Schroder Real Return Fund (Managed Fund) Quarterly holdings disclosure for quarter ending 31 March 2020 Holdings on a full look through basis as at 31 March 2020 Weight Asset Name (%) 1&1 DRILLISCH AG 0.000% 1011778 BC / NEW RED FIN 4.25 15-MAY-2024 144a (SECURED) 0.002% 1011778 BC UNLIMITED LIABILITY CO 3.875 15-JAN-2028 144a (SECURED) 0.001% 1011778 BC UNLIMITED LIABILITY CO 4.375 15-JAN-2028 144a (SECURED) 0.001% 1011778 BC UNLIMITED LIABILITY CO 5.0 15-OCT-2025 144a (SECURED) 0.004% 1MDB GLOBAL INVESTMENTS LTD 4.4 09-MAR-2023 Reg-S (SENIOR) 0.011% 1ST SOURCE CORP 0.000% 21VIANET GROUP ADR REPRESENTING SI ADR 0.000% 2I RETE GAS SPA 1.608 31-OCT-2027 Reg-S (SENIOR) 0.001% 2I RETE GAS SPA 2.195 11-SEP-2025 Reg-S (SENIOR) 0.001% 2U INC 0.000% 360 SECURITY TECHNOLOGY INC A A 0.000% 360 SECURITY TECHNOLOGY INC A A 0.000% 361 DEGREES INTERNATIONAL LTD 0.000% 3D SYSTEMS CORP 0.000% 3I GROUP PLC 0.002% 3M 0.020% 3M CO 1.625 19-SEP-2021 (SENIOR) 0.001% 3M CO 1.75 14-FEB-2023 (SENIOR) 0.001% 3M CO 2.0 14-FEB-2025 (SENIOR) 0.001% 3M CO 2.0 26-JUN-2022 (SENIOR) 0.001% 3M CO 2.25 15-MAR-2023 (SENIOR) 0.001% 3M CO 2.75 01-MAR-2022 (SENIOR) 0.001% 3M CO 3.25 14-FEB-2024 (SENIOR) 0.002% -
Annex a Open Clusters
Annex A Open Clusters Epidemiological investigations and contact tracing have uncovered links between cases. i. 6 of the confirmed cases (Cases 63131, 63184, 63185, 63186, 63187 and 63188) are linked to the Case 63131 cluster, with the most recent cases (Cases 63184, 63185, 63186, 63187 and 63188) linked to the cluster on 13 May. Case 63131 is a 50 year-old female Singaporean who works as a tutor at Learning Point. She was confirmed to have COVID-19 infection on 12 May. Cases 63184, 63185, 63186, 63187 and 63188 are students at Learning Point. ii. 3 of the confirmed cases (Cases 63096, 63122 and 63221) are linked to the Case 63096 cluster, with the most recent case (Case 63221) linked to the cluster on 14 May. Case 63096 is a 33 year-old male Philippines national who works as an operating theatre nurse at Sengkang General Hospital. He was confirmed to have COVID-19 infection on 11 May. Cases 63122 and 63221 are household contacts of Case 63096. iii. 59 of the confirmed cases (Cases 62873, 62940, 62941, 62942, 62945, 62971, 62972, 63005, 63015, 63026, 63047, 63055, 63059, 63060, 63061, 63070, 63071, 63072, 63074, 63084, 63091, 63094, 63095, 63097, 63098, 63100, 63109, 63115, 63117, 63118, 63119, 63125, 63126, 63128, 63129, 63132, 63135, 63136, 63138, 63139, 63140, 63141, 63146, 63148, 63149, 63150, 63165, 63167, 63169, 63177, 63178, 63179, 63180, 63181, 63191, 63192, 63194, 63195 and 63219) are linked to the Case 62873 cluster, with the most recent cases (Case 63177) linked to the cluster on 12 May, Cases 63165, 63167, 63169, 63178, 63179, 63180, 63181, 63191, 63194 and 63195 linked to the cluster on 13 May, and Cases 63192 and 63219 linked to the cluster on 14 May. -
Izakaya Sushi Noodle Cafe Karaoke Otaku Play Spot Bakery Ramen
japanese sweets 01 天ぷらきよし Tenpura Kiyoshi ★ 01 31Ice cream Baskin Robbins Tenpura restaurant *run by family ice cream 370yen~ 10:30-22:00 Tenpura set menu 850yen~ for lunch fast food ★ izakaya 02/06 不二家 fujiya 12:00-14:30, 17:00-21:00(tue-sun) 01 Freshness Burger Japanese style drinking place. Normally, cake take out 300yen~10:00-21:00 ★ there is a table charge for small dish. 02 /11 松屋 Matsuya Japanese Burger shop, Burgers 350yen~ 03 梅家 Umeya Traditional sweets Gyudon(Beef bowl) many kind dishes Vegie burger,Hot dogs 8:00-23:00 At first, order drink & otsumami from many kind of dishes and enjoy drinking! Many typeJapanese sweets 400yen~ Beef bowl 280yen(M), 24hrs open Season Lunch set 800yen 9:30-20:00 03 Subway Sandwich300yen~ 8:00-21:00 01 ビール工房 Beer Koubou ★ 03 かもん&あっこ kamon&Akko Craft Beer, Food, All 500yen 04 コージーコーナー cozy corner 04/12 モスバーガー Mos Burger cake take out 330yen~ 10:00-22:00 Okonomiyaki/Monjayaki 840yen~ Japaese Burger shop has Rice burgers 18:00-23:00, 15:00-21:00(weekend) 17:00-23:00(mon-sat)16:00-22:00(sun) Mos burger 320yen 9:00-23:00 05 おやき処 れふ亭 Refutei 03 秋吉 Akiyoshi Cheap Yakitori Japanese pancake 120yen~9:00-21:00 04 名代 宇奈とと Unatoto 05/10 McDonalds 24hrs open Negima(Chicken&Green onion) Cheap Unagi(Eel) restaurant ★ 400yen/5sticks 17:00-23:00 07 いさわ Isawa japanese sweets 500yen~ for Unadon 11:00-23:00 06 コロッケ西郷亭 Korokke Saigou Tei Dango110yen take out 11:00-20:30 Croquette 120yen~ Bento boxes 04 馬肉食堂さくら Horsemeat Sakura 05 かつや Katsuya 10:00-21:00,-20:00(sat,sun) Raw horse450yen Grilled horse150yen S ★ Beer 400yen 18:00-23:00 closed sun supermarket Cheap pork cutlet restaurant 07 健康食卓 わしや Washiya Enjoy Japanese supermarket! They have Katsudon 490yen~ 7:00-25:30 Try many Japanese dishes selling by 05 加賀屋 Kagaya old-fashioned Place discount daily food before their closing. -
Hotel Restaurant Institutional Japan
THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: 12/26/2013 GAIN Report Number: JA 3526 Japan Food Service - Hotel Restaurant Institutional Japan HRI Food Service Sector Report 2014 Approved By: Steve Shnitzler, Director, ATO Japan Prepared By: Masayuki (Alex) Otsuka, Marketing Specialist, ATO Tokyo Report Highlights: The $361 billion food service industry has finally recovered from the negative impacts affected by the Great Earthquake in 2011. Per capita spending (including company spending) for HRI spending has made a significant contribution to the food service industry’s step by step growth. In addition, increased tourism has also contributed to the re-invigoration of the industry as HRI outlets are offering more international cuisines throughout the market place. Competition remains intense and the sophisticated Japanese consumer continues to demand high quality food products. U.S. suppliers are well positioned to compete in many products categories provided they are willing to adjust to changing market demand. - Table of Contents - I. MARKET SUMMARY A. Market Volume and Trends B. Sectors C. Value of Total Imported Food vs. Domestic Products D. Advantages and Challenges II. ROAD MAP FOR MARKET ENTRY A. Entry Strategy 1. Market Access 2. Competitive Analysis 3. Comparative Advantage of the Products 4. Receptivity of the Distribution Trade 5. Ability of Willingness to Meet Market Requirements B. Market Structure 1. Distribution 2. Segmentation i. Large Increase of Foreign Travelers to Japan ii. Spending More Time at Roadside Rest Areas and Airport Terminals iii. -
Resolving Labour Shortage? the Digital Transformation of Working Practices in the Japanese Service Sector
This is an open source publication by LeidenAsiaCentre, July 2019. LEIDENASIACENTRE Resolving Labour Shortage? The Digital Transformation of Working Practices in the Japanese Service Sector Saori Shibata LeidenAsiaCentre is an independent research centre affiliated with Leiden University and made possible by a grant from the Vaes Elias Fund. The centre focuses on academic research with direct application to society. All research projects are conducted in close cooperation with a wide variety of partners from Dutch society. More information can be found on our website : www.leidenasiacentre.nl For contact or orders: [email protected] M. de Vrieshof 3, 2311 BZ Leiden, The Netherlands 0 1. Introduction Many advanced democracies, including Japan, face a shift toward an ageing society and a labour shortage. The Japanese Ministry of Labour, Health and Welfare (MHLW) reports in its Labour Economy Survey that on average roughly 55 % of firms in the hospitality industry (hotels, restaurants and cafes) face a labour shortage of part-time workers in 2018 (MHLW 2018:7). Many restaurants in Japan were already forced to end 24-hour opening due to labour shortages (Harding 2017). It has progressed automation in restaurants. For instance, an increasing number of restaurants and cafes started introducing automation and robotisation, increasing labour productivity, improving advertisement, requiring a smaller number of workers and reducing labour costs. Some restaurants integrated registered customers’ smartphones and send advertising messages to their smartphones when they are near to restaurants. This can contribute to the reduction of advertisement costs and effectively increase customers. IBM Japan invented a system named “Chef Watson”, which creates a large number of menus for restaurants with just a little input of some food ingredients (Nakata 2014). -
Cafe, Sweets Cafe Sweet Sales
Cafe, Sweets The sales of cafe are going well with their strategy of store remodeling, and many of them earn high profit due to the low cost. The companies operating cafes mainly compete in suburb area, Sweet Cafe while companies operating sweets are opening restaurants at Shopping malls. Duskin Co., Ltd. Komeda’s Coffee Doutor Coffee Co., Ltd. Starbucks Coffee Japan, Ltd. Mister Donut Dotour, Execior The main business of Duskin Starbucks Coffee It has been operating food division. Most shops The leading company Komeda Coffee shop franchise café in Japan are franchise. It frequently of cafe industry. It has Originated in Nagoya and it is opening for long time. It releases new menu. been merged into franchise shops, including in Kyushu and proceeds remodeling Starbucks U.S. in 2015. Chain Tohoku area. restaurants. 102 Billion yen Sales Chain Sales of Cafe 47.9 Billion yen Sales of business 75.2 Billion yen Sales 137.8 Billion yen 48.2 Billion yen Sales business Profit of Cafe Sales 19.4 Billion yen Profit Profit of business 4.5 Billion yen 13.4 Billion yen -0.2 Billion yen business Profit 3.9 Billion yen Stores 1,359 stores Stores 588 stores 1,170 stores Stores Store 614 stores Pronto Corporation Saintmarc Holdings Co., Ltd. B-R 31 Ice Cream Co., Ltd. Tully’s Coffee Japan Co., Ltd. St. Marc Cafe Tully ‘s Coffee Originated in Okayama. Seatle styled cafe. Thirty-one Ice cream It serves freshly baked It has been merged The leading company of ice cream shops. bakery. It has good in Ito En Ltd. -
Exhibition for Hospitality, Food Service and Catering Industries!
Exhibition for Hospitality, Food Service and Catering Industries! 44th Japan Management Association Japan Hotel Association Japan Ryokan & Hotel Association Japan Restaurant Association Japan Tourism Facilities Association 37th Japan Contract Food Service Association Japan Lunch Food Service Association Japan Food Service for Patients Association Japan Management Association Japan Food Service Equipment Association Japan Japan ManagementManagement AssociAssociationation Date February 16(Tue.) ~ 19(Fri.), 2016 10:00~17:00(Last day 10:00~16:30) Venue Tokyo Big Sight (Tokyo International Exhibition Center, Ariake) 811 companies / 1,947 booths / 17,523sq.m. scale Japan’s largest trade show for hospitality, food service and catering! HCJ represents the three trade shows: ● HOTERES JAPAN: International hotels & restaurant trade show for hotels, "ryokan"s, travel, and facilities. ● CATEREX JAPAN: Food and catering trade show for catering and food services. ● JAPAN FOOD SERVICE EQUIPMENT SHOW: Equipment for commercial kitchens and food services trade show. Three events are held simultaneously, H for HOTERES JAPAN, providing the largest business matching for CATEREX JAPAN, and opportunity for hospitality & food C service industry in Japan! J for JAPAN FOOD SERVICE EQUIPMENT SHOW. (The 44th International Hotel & Restaurant Show) * & ' ( ! ) $)% "# $"% (The 37th Exhibition for the Catering Industries) + * ! -(* ! * ! &, * & ' ( & ('-/ & &" '+ '* * ( ! ( -
Global Equity Fund Description Plan 3S DCP & JRA MICROSOFT CORP
Global Equity Fund June 30, 2020 Note: Numbers may not always add up due to rounding. % Invested For Each Plan Description Plan 3s DCP & JRA MICROSOFT CORP 2.5289% 2.5289% APPLE INC 2.4756% 2.4756% AMAZON COM INC 1.9411% 1.9411% FACEBOOK CLASS A INC 0.9048% 0.9048% ALPHABET INC CLASS A 0.7033% 0.7033% ALPHABET INC CLASS C 0.6978% 0.6978% ALIBABA GROUP HOLDING ADR REPRESEN 0.6724% 0.6724% JOHNSON & JOHNSON 0.6151% 0.6151% TENCENT HOLDINGS LTD 0.6124% 0.6124% BERKSHIRE HATHAWAY INC CLASS B 0.5765% 0.5765% NESTLE SA 0.5428% 0.5428% VISA INC CLASS A 0.5408% 0.5408% PROCTER & GAMBLE 0.4838% 0.4838% JPMORGAN CHASE & CO 0.4730% 0.4730% UNITEDHEALTH GROUP INC 0.4619% 0.4619% ISHARES RUSSELL 3000 ETF 0.4525% 0.4525% HOME DEPOT INC 0.4463% 0.4463% TAIWAN SEMICONDUCTOR MANUFACTURING 0.4337% 0.4337% MASTERCARD INC CLASS A 0.4325% 0.4325% INTEL CORPORATION CORP 0.4207% 0.4207% SHORT-TERM INVESTMENT FUND 0.4158% 0.4158% ROCHE HOLDING PAR AG 0.4017% 0.4017% VERIZON COMMUNICATIONS INC 0.3792% 0.3792% NVIDIA CORP 0.3721% 0.3721% AT&T INC 0.3583% 0.3583% SAMSUNG ELECTRONICS LTD 0.3483% 0.3483% ADOBE INC 0.3473% 0.3473% PAYPAL HOLDINGS INC 0.3395% 0.3395% WALT DISNEY 0.3342% 0.3342% CISCO SYSTEMS INC 0.3283% 0.3283% MERCK & CO INC 0.3242% 0.3242% NETFLIX INC 0.3213% 0.3213% EXXON MOBIL CORP 0.3138% 0.3138% NOVARTIS AG 0.3084% 0.3084% BANK OF AMERICA CORP 0.3046% 0.3046% PEPSICO INC 0.3036% 0.3036% PFIZER INC 0.3020% 0.3020% COMCAST CORP CLASS A 0.2929% 0.2929% COCA-COLA 0.2872% 0.2872% ABBVIE INC 0.2870% 0.2870% CHEVRON CORP 0.2767% 0.2767% WALMART INC 0.2767% -
Intellectual Property Center, 28 Upper Mckinley Rd. Mckinley Hill Town Center, Fort Bonifacio, Taguig City 1634, Philippines Tel
Intellectual Property Center, 28 Upper McKinley Rd. McKinley Hill Town Center, Fort Bonifacio, Taguig City 1634, Philippines Tel. No. 238-6300 Website: http://www.ipophil.gov.ph e-mail: [email protected] Publication Date < July 1, 2019 > 1 ALLOWED MARKS PUBLISHED FOR OPPOSITION .................................................................................................... 2 1.1 ALLOWED NATIONAL MARKS .............................................................................................................................................. 2 Intellectual Property Center, 28 Upper McKinley Rd. McKinley Hill Town Center, Fort Bonifacio, Taguig City 1634, Philippines Tel. No. 238-6300 Website: http://www.ipophil.gov.ph e-mail: [email protected] Publication Date < July 1, 2019 > 1 ALLOWED MARKS PUBLISHED FOR OPPOSITION 1.1 Allowed national marks Application No. Filing Date Mark Applicant Nice class(es) Number 16 THE ICON CLINIC-PLASTIC 1 4/2016/00013984 November VBOOST SURGERY AND 44 2016 DERMATOLOGY INC. [PH] 28 2 4/2016/00506771 December YETI Yeti Coolers, LLC [US] 18 2016 Nissan Jidosha Kabushiki 6 March NISSAN INTELLIGENT 9; 12; 35; 38; 39 3 4/2017/00003226 Kaisha (also trading as Nissan 2017 MOBILITY and42 Motor Co., Ltd.) [JP] 27 April 4 4/2017/00006475 WISDOM Tianjin Lin [PH] 6; 9 and16 2017 30 August 2; 4; 6; 7; 8; 9; 11; 5 4/2017/00013996 SINGA Charlie Pua [PH] 2017 19 and25 6 6 4/2017/00017947 November CORE ML Apple Inc. [US] 9 2017 17 SPT-SPERM Plaridel Products & Services, 7 4/2017/00018507 November PRECISION 5 and44 Inc [PH] 2017 TECHNOLOGIES 20 8 4/2017/00020526 December BEAUTY WORKS Taft Property Group, Inc., [PH] 3 2017 Miguel Pocholo Morales, doing 5 January 9 4/2018/00000278 SEÑOR business under the name Blitz 5 2018 Krieg Marketing [PH] 22 10 4/2018/00003367 February THINK DIFFERENT Apple Inc.