THIRD TEAM
Yoshitaka Nagao Nomura Securities Co.
Yoshitaka Nagao debuts in third place. The Nomura Securities Co. analyst is lauded for his “systemic research and highly detailed analysis,” as one portfolio manager puts it. Nagao upgraded Tokyo-based Dentsu from neutral to buy in June, at ¥2,451, because “advertising — especially TV spot advertising — had bottomed out and was getting stronger, and aggressive cost cutting was pushing up profits,” among other reasons. By the end of February, the advertising company’s stock had tuned in gains of 5.9 percent, to ¥2,596, and led the sector by 1.9 percentage points.
Polling and tabulation of data as well as reporting on the sector profiles were completed before the March 11 Tohoku earthquake.
