Housing & Real Estate Sector:
Toshihiko Okino UBS
second team Daisuke Fukushima Nomura
third team Yoji Otani Credit Suisse
Toshihiko Okino of UBS is No. 1 for a sixth straight year. In October, on the belief that the recent bankruptcy of Lehman Brothers Holdings would devastate real estate markets around the world, Okino downgraded property developers to neutral, including NTT Urban Development Corp., at ¥126,400. The stock fell 41.4 percent, to ¥74,100, and trailed the sector by 1.0 percentage point in late November, then Okino upgraded it to buy, on valuation.
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