Yusuke Ando Daiwa Securities Group

Yusuke Ando seizes the third tier in this new sector; he is also No. 3 in Paper & Textiles. Clients credit the Daiwa Securities Group analyst with having “winning formulas” along with “very frequent and good ideas.” Ando reports on ten companies, three more than last year. Over the past 12 months, he has focused on “the impact of the rapid deterioration of supply-demand conditions for liquid-crystal-display glass and subsequent sharp price declines,” he says. “Specifically, we looked at the extent of earnings erosion and when the declines would come to an end.” He expects the situation to improve later this year, with “a better supply-demand balance reflecting further production cutbacks, as well as a significant improvement in profit margins backed by productivity gains.”  — Pam Baker

RUNNER(S)-UP
- Lalita Gupta Morgan Stanley MUFG Securities Co.
- Atsushi Ikeda Citi
- Takaomi Kono Nomura Securities Co.
- Akiko Kuwahara Bank of America Merrill Lynch