Sign in

    Takahiro Kazahaya

    Senior Analyst at UBS Securities

    Takahiro Kazahaya is a Senior Analyst at UBS Securities Japan specializing in the retail, consumer, and apparel sectors. He covers major companies such as Pan Pacific International Holdings, United Arrows, Fast Retailing, and MonotaRO, regularly issuing detailed research reports and investment recommendations. With a career at UBS Securities Japan spanning over a decade, Kazahaya is recognized for his in-depth industry knowledge and accuracy, often shaping investor sentiment toward prominent Japanese retail equities. He holds professional credentials required for conducting securities research in Japan and is regarded as a key analyst for institutional investors monitoring the country’s retail and consumer landscape.

    Takahiro Kazahaya's questions to SATLF leadership

    Takahiro Kazahaya's questions to SATLF leadership • Q3 2025

    Question

    Asked about a delay in logistics equipment investment and its impact on the budget and depreciation, and questioned the reasons for the decrease in employee numbers and the status of hiring plans.

    Answer

    The change in the logistics budget is due to a delay in equipment implementation, which will now occur next fiscal year, resulting in lower depreciation for the current year. The employee count has decreased because hiring, especially for engineers, has fallen short of the initial plan; attrition rates are as expected.

    Ask Fintool Equity Research AI