Maki Shinozaki joined Morgan Stanley MUFG Securities in June 2013, assuming primary coverage of the retail sector. She joined the Daiwa Institute of Research in 1992. At Daiwa, she covered small and mid-cap stocks in the retail, services, real estate, and transport industries. From 1999, she assumed coverage of the retail sector (specialty stores and apparel). In 2009, she transferred to the corporate
finance division where she provided investment banking services for the retail industry. Maki joined Barclays Securities Japan in 2010, taking up research coverage of the retail sector. She holds a Master of Laws from Keio University, where she graduated in 1992.
Team: Ai Furukawa
Ryotaro Hayashi joined Morgan Stanley Japan Securities in April 2008. He joined the Japan semiconductors team from July 2008. Since November 2015, he has covered the Japan medical technology industry. Ryotaro graduated from Kyoto University’s Graduate School of Informatics in 2008.