Coverage Architecture 119 names • Brand Power × Timing framework Brand Power × Timing A qualitative and tactical coverage map designed to prioritize research time across a dense universe of consumer and consumer-adjacent names. The central table is organized first by Timing, then by Brand Power, to make opportunity hierarchy immediately legible. Coverage
Investment Framework
Coverage Architecture Japan Consumer Coverage 01 — Retail & Pharmacies Segment structured by store formats and by volume, traffic, or value-driven strategies. Drugstores & Pharmacies Beauty specialists, hybrid grocery models, and dispensing networks. Coverage: * MatsukiyoCocokara (3088 JP) * Welcia (3141 JP) * Tsuruha (3391 JP) * Cosmos Pharmaceutical (3349 JP) * Sugi Holdings (7649 JP)
pulse
Issue 01 March 15, 2026 The Japan Consumer Letter A monthly macro and market update on Japan’s consumer economy. The Illusion of Attrition Fades as Real Wages Rebound The long-awaited macroeconomic inflection point has arrived. Following thirteen consecutive months of negative real wage growth, the domestic consumer in Japan