Alba offers in-depth company visits and teleconferences with managements and IR officers. We have deep, consistent experience in these activities:

In the past three years we have conducted or attended
300+ visits and teleconferences
150+ analyst meetings

Appointments are made through long-standing relationships with Japanese companies, utilizing contacts from former IBJ, Mizuho, and IR professionals.
Our service includes company research prior to visits (with preparation of questions) and translation during the meeting, followed promptly by meeting memos with our remarks evaluation after the visit/call.


On-behalf visit report.pdf

We provide quick responses to urgent questions from customers.
Our interpretation includes Japanese Accounting Rules, Taxation, and Land Appraisal, etc.

• Description of accounting standards on retirement benefits
• Interpretation of new inventory evaluation method
• Appraisal of land prices using our database and official land prices
• Fair value analysis of security holdings
• NAV analysis on stocks, value-per-share analysis
• Geographical analysis -- store search and comps study for retailers

Accounting and Related Analysis Sample.pdf

We offer updates every day on news and events for our client portfolios through monitoring and analysis of Nikkei Quick* access, print media, investor message boards, blogs, and follow-up calls to the company.

• Speeches by management in newspapers and magazines
• Rumors among Japanese individual investors
• News regarding lawsuits
• Influence of earthquakes (which are frequent in Japan) on factories
• Announcement of share buybacks, management guidance
• Major changes in stock ownership

We provide ideas that focuses not only on company financials, but also industry structures, the state of the economy, the political climate, the regulatory environment, changes in accounting rules, and other factors that affect equity values.

We studied Japanese regulations and their impact on Japanese stocks. This was made possible through our relationship with leading professors in the public policy and political science at University of Tokyo and Gakushuin University. This approach enabled our virtual portfolio to outperform the market from May/08 through Sep/08 by 20%

• Analysis on regional banks, comparing NPLs, allowances, and loan-to-deposit rates
• Cyclicality analysis ~ads 4 years, construction machinery 7 years, machine tools 13 years
• Research into the practices of Japanese wholesalers in industries such as meat, confectionaries, and alcohol.
• Supply chain analysis
• Urban development, comparing age and ownership of buildings
• Impact of management guidance, whether bullish or bearish

Idea Generation Sample.pdf

• financial modeling and updates
• stock screening
• on demand customized reports

Reduces portfolio manager's burden from labor intensive work


One-pager report.pdf