Latest news for Isetan Mitsukoshi (OTC:IMHDF) Stock

Isetan Mitsukoshi Holdings Ltd. is a Japan-based holding company. It is engaged in the management planning and management of subsidiaries and group companies engaged in the department store and other businesses as well as the handling of all related operations. The company has three flagship Stores, The Isetan Shinjuku Main Store which gives life to art, music, and future entertainment, The Mitsukoshi Nihombashi Main Store creates art and culture that appeal to a new segment of customers, and The Mitsukoshi Ginza Store which has refined itself to serve the needs of a global clientele.

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22 Stocks Shielded From Most Greek And Chinese Risk

ISETAN MITSUKOSH HLDG ORD by Isetan Mitsukoshi Holdings Ltd.

Isetan Mitsukoshi Holdings Ltd

Isetan Mitsukoshi Holdings (JP:3099) has released an update. Isetan Mitsukoshi Holdings Ltd. has increased its dividend forecast for the fiscal yea...

Isetan Mitsukoshi Raises Dividend Forecast

Isetan Mitsukoshi Holdings (JP:3099) has released an update. Isetan Mitsukoshi Holdings reported a significant increase in their consolidated finan...

Isetan Mitsukoshi's Strong Q1 Financial Performance

Isetan Mitsukoshi Holdings (JP:3099) has released an update. Isetan Mitsukoshi Holdings Ltd. reported a robust first quarter for fiscal 2024, with ...

Isetan Mitsukoshi Sees Strong Q1 Growth, Raises Forecast

Isetan Mitsukoshi Holdings (JP:3099) has released an update. Isetan Mitsukoshi Holdings has announced the acquisition of 1,527,200 of its own commo...

Isetan Mitsukoshi Continues Share Buyback Program

Isetan Mitsukoshi Holdings (JP:3099) has released an update. Isetan Mitsukoshi Holdings Ltd. has successfully acquired Isetan (Singapore) Limited, ...

Isetan Mitsukoshi Finalizes Acquisition and Delists Isetan Singapore

Isetan Mitsukoshi Holdings (JP:3099) has released an update. Isetan Mitsukoshi Holdings Ltd. has announced the completion of a treasury share acqui...

Isetan Mitsukoshi Completes Treasury Shares Buyback

Isetan Mitsukoshi

In a report issued earlier this week, Nomura analysts Hisao Matsuura, Masaki Motomura and Kiichi Fujita look into a few stocks with low Greece and China exposure amid this period of external instability.
<h3>
	The Context</h3>

	The Nikkei 225 Index continues to fall in July, and now stands below the 20,000 mark, as the Chinese crisis continues to impact on the Japanese equity market. As the Chinese government tries to come up with initiatives to counter the recent tumble in its stock market (until now, with no significant success), Chinese tourists continue to -- unexpectedly -- bolster inbound demand in Japan.

	&ldquo;The Greek debt crisis is also dragging on,&rdquo; the analysts add. After the Greek population decided to vote against the terms of the bailout plan proposed by the European Union, negotiations have restarted. However, &ldquo;with such a large gap between the two sides [Greece and the EU], we think a rapid compromise is unlikely,&rdquo; the experts add.

	So, amid no prospects of a rapid resolution of the Greek situation and plenty of uncertainty surrounding the Chinese crisis, Nomura lists 22 Japanese stocks that seem relatively shielded from risk deriving from both China and Greece.
<h3>
	The Stocks</h3>

	The analysts look for large Japanese stocks that are &ldquo;negatively correlated to the past 60-day yield on the 2-yr Greek bond and the Shanghai Composite Index&rdquo; (ex-forex rates). Take a look below.

	<img alt="" src="https://www.benzinga.com/files/u82070/jap_stocks.png" />

	Source: Nomura, based on Bloomberg data

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Thursday, July 09, 2015

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