Yuji Fujimori Barclays Capital

Yuji Fujimori of Barclays Capital slips one rung to the third team. “A perfect balance of detailed research and creative thinking, but not a successful year as a stock picker,” sums up one buy-sider. Fujimori upgraded JVC Kenwood Corp. from equal weight to overweight in August on a price dip to ¥385, arguing that the Yokohama-based manufacturer was wisely moving away from the lackluster TV business toward the more lucrative audio business — especially automotive sound systems. The upgrade proved to be premature, however; the share price fell as low as ¥250 in October before rallying to ¥377 by the end of February, for a life-of-call loss of 2.1 percent that trailed the sector by 6.6 percentage points. — Ben Mattlin