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Industries – Banks: Second
Nana Otsuki climbs one rung to second place. The UBS analyst is “well connected to the politicians and the press, which is important in Japan because of the massive leakage of information on results,” asserts one buy-side backer.
SECOND TEAM
Nana OtsukiUBS
Nana Otsuki climbs one rung to second place. The UBS analyst is “well connected to the politicians and the press, which is important in Japan because of the massive leakage of information on results,” asserts one buy-side backer. Observes another: “With her background as a credit analyst, Otsuki is more aware of risks than competitors are.” A November valuation-driven upgrade on Mizuho Financial Group from neutral to buy, at ¥127, performed nicely: Shares of the Tokyo-based firm advanced 24.4 percent, to ¥158, and led the sector by 13.9 percentage points through January, when Otsuki downgraded it to neutral, on valuation. By the end of February, Mizuho’s share price had risen an additional 6.3 percent, to ¥168, roughly in line with the sector’s advance.
Polling and tabulation of data as well as reporting on the sector profiles were completed before the March 11 Tohoku earthquake.