Teijin 3401.T 3401 JP / EQUITY: JAPAN CHEMICALS & TEXTILES Structural reforms ease concerns about earnings downside Growth strategies remain a challenge We keep our Neutral rating, adjust our target price We revise our business profit forecasts for Teijin from 27/3 and adjust our target price. We keep our Neutral rating. We retain our basic target price calculation methodology, and think the stock deserves to trade at around 13x our 28/3 EPS forecast. Q1 results provided evidence of steady progress passing ...

J P M O R G A N Asia Pacific Equity Research 19 August 2026 Bridgestone (5108) Top-line growth potential increasing, expectations for next medium-term plan may build We rate Bridgestone Overweight, with a price target of ¥4,600 through December 2027 (previously ¥3,900 through December 2026). The company has undertaken a series of structural reforms, and sales growth and market share gains have gradually started to materialize, not just for the Bridgestone brand but also for the Firestone brand. In the tough ...