In the collaboration with analysts and fund managers Akira Sato respects, the Basic Report Award was held to recognize outstanding and insightful analyst reports from the perspective of corporate value.

The award results are as follows.

【First place】
Ryosuke Katsura, Takeru Hanaya, Shinnosuke Tokumoto, Fumio Osanai
「Canon：Even the Mighty Fall: Whale Stuck in Shrinking Pools」
(August 2020)

【Runner-up】
鮫島誠一郎, 吉田正夫, 倉橋延巨, 柳平孝, 三村恭祥, 永田昌寿, 甲斐友美子
消費関連「特別定額給付金の支給決定：～「金は天下の回りもの」となるのか?」
（April, 2020）
(English report is not published.)

Tomohiro Tanaka, Ryosuke Katsura, Yu Sato, Shinnosuke Tokumoto, Takeru Hanaya
「Medtech: Japan Firms Lead Bio-CDMO Charge：Growth through Compartmentalization」
(October 2020)

Masahiro Nakanomyo, Yasuhiro Azuma, others
Data Center Investment/Memory Demand: Post-COVID Acceleration
(March, 2020)

Masashi Morita
Game and Leisure Industry「Moving Toward Digital First –Third-stage of Digital Transformation–」
(March 2020)

柳平孝
ドラッグストア業界　「嵐の前の静けさ? ～ドラッグストア業界の再編加速の可能性　「都市型・化粧品強化・カウンセリング重視型」の復権と大規模再編の行方」
（July 2019）
(English report is not published.)

【Academic award】
Naoki Mikami
「“Post MBO Metamorphose” as a re-growth strategy」
(March 2020)

【Judge’s special award】
佐久間千那
「知ってる??はんこってなんで押さなきゃいけないの?～日本のとくべつな文化～」
（April 2020）
(English report is not published.)

Mizuho Securities Co., Ltd. and Japan Investor Relations and Investor Support, Inc
「Quarterly capital markets report」

Click here to view Basic Report Award overview document.
http://english.valuecreate.net/news/pdf/basic-report-award-2020.pdf