Article Abstract:
ING Barings Securities (Tokyo) analyst Mike Allen reports that Seven-Eleven Japan's performance is below that of its competitors despite its obvious success in the industry. Allen reports that 'economic value added' evaluations of the company yields return versus capital results of 11.5% compared with 12% to 14% for Ministop, FamilyMart and Circle K Japan. The company's stocks have been preferred in the Japan securities market but the evaluation shows that the company's stocks are overpriced.
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Article Abstract:
Tokyo's financial markets are gaining ground but analysts warn that it may be just short term and it may be just the effects of government infusion of funds into the market. Sustained market activity remains unlikely say analysts unless the economy starts to show signs of recovery and the government makes progress in reform efforts. Officials deny allegations of cash infusions however, and there does not seem to be any aggressive buyers from the private sector.
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Article Abstract:
Seven-Eleven Japan Company Ltd., which accounts for 14% of all the convenience stores in Japan in 1995, may benefit the most from the deregulation of the country's retail industry. Analysts recommend long-term buys on the company's stocks although its price/earnings per share of $1.04 at the year ended Feb. 28, 1997 may already have peaked as it is 59 times its parent-only earnings per share.
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