Latest news with #ShunsukeKuriyama
Business Insider
31-05-2025
- Business
- Business Insider
Jefferies Sticks to Their Buy Rating for Sanrio Company (SNROF)
Jefferies analyst Shunsuke Kuriyama maintained a Buy rating on Sanrio Company (SNROF – Research Report) today and set a price target of Yen8,000.00. The company's shares closed last Tuesday at $47.50. Confident Investing Starts Here: Kuriyama covers the Consumer Cyclical sector, focusing on stocks such as Sanrio Company, Oriental Land Co, and ROUND ONE. According to TipRanks, Kuriyama has an average return of 35.9% and a 75.86% success rate on recommended stocks. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sanrio Company with a $55.60 average price target. Based on Sanrio Company's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $41.98 billion and a net profit of $14.72 billion. In comparison, last year the company earned a revenue of $28.5 billion and had a net profit of $5.63 billion
Yahoo
05-03-2025
- Business
- Yahoo
Shares of Seven & i fall after report to reject Couche-Tard bid
TOKYO (Reuters) -Shares of Seven & i tumbled as much as 12% on Tuesday, following a report the 7-Eleven owner plans to reject a $47 billion takeover offer from Canada's Alimentation Couche-Tard, although the Japanese company said it was still considering the offer. The shares finished down 7% at 2,044 yen in Tokyo having earlier declined as much as 12%, touching their lowest in a little more than six months. The Yomiuri newspaper reported on Tuesday that Seven & i planned to reject the takeover offer from Circle-K owner Couche-Tard and instead seek to enhance corporate value on its own. However, in a statement, a Seven & i spokesperson said it "remains committed to exploring all opportunities to unlock value for shareholders and continues to assess a full range of strategic alternatives, including the proposal" from Couche-Tard. It said its special committee is "engaging constructively" with Couche-Tard. One shareholder in Seven & i said the retailer's board should be more actively working with Couche-Tard. "We are disappointed and surprised with the board's lack of engagement," said Manoj Jain, co-founder and Co-CIO of Hong Kong-based Maso Capital, which owns Seven & i shares. "Given the price offered, it's clear that the board should engage." The Canadian retailer has offered $18.19 a share for Seven & i, which represents a premium of almost one third from the current share price, based on Thursday's yen exchange rate. If Seven & i pursues a go-it-alone strategy, "it would need to convince the market it can raise corporate value" above the offer price, Jefferies analyst Shunsuke Kuriyama wrote in a note to clients. Seven & i is finalising a plan for CEO Ryuichi Isaka to step down with his replacement almost certain to be director Stephen Dacus, Reuters has reported. Dacus heads a special committee to evaluate the takeover bid from Couche-Tard and a take-private deal from Seven & i's founding family that recently collapsed. Sign in to access your portfolio
