TOKYO, November 8, 2021<\/u>\u00a0\u2014 UTokyo Economic Consulting Inc. (UTEcon), a leading academic consulting firm in Japan based on academic knowledge in economics, accounting, business administration, and related fields, announced today that it has launched a new service \u201cNikkei-UTEcon Consumables Market Forecast,\u201d utilizing The Nikkei POS, which is provided by Nikkei Inc. (Nikkei).<\/p>\n
Nikkei POS is Nikkei\u2019s point-of-sales database service collected from supermarkets, convenience stores, and drugstores in Japan. Over 2.9 million consumable items as food and beverage, liquors, daily goods from 38 thousand manufacturers are covered. Nikkei POS collects over 1 billion receipts or 2 trillion Japanese Yen annually.<\/p>\n
UTEcon, established by the University of Tokyo in August, 2020, has a wealth of experiences and know-hows in the field of econometric machine learning methods. UTEcon has developed Nikkei-UTEcon Consumables Market Forecast, which has following characteristics:<\/p>\n
1. 217 Consumable Categories Covered 2. High Prediction Accuracy 3. Monthly Update, 6-month Forecast 4. Forecast by Manufacturer and Region 5. Flexible Purchase Format \u201cWe have conducted R&D together to increase the values of Nikkei\u2019s database assets. I am pleased that today we see the launch of Nikkei-UTEcon Consumables Market Forecast,\u201d said Hiroyuki Watanabe, Senior Managing Director of Nikkei. Do you have interests in details or sales channel of Nikkei-UTEcon Consumables Market Forecast? Please visit\u00a0https:\/\/utecon.net\/dataproduct\/consuforecast\/<\/a>.<\/p>\n <\/p>\n About UTEcon Company name: UTokyo Economic Consulting Inc. About Nikkei Company name: Nikkei Inc. Contact for Media <\/p>\n
\n<\/strong>Store sales per 1 thousand purchasing customers and year-over-year growth rate are forecasted for each of 217 categories in 36 consumable genres.<\/p>\n
\n<\/strong>Annual average error is less than 15% for around 70% categories.<\/p>\n
\n<\/strong>The report is updated every month. The report forecast monthly store sales of specific category per 1 thousand purchasing customers as well as year-over-year growth rate, up to 6 months ahead.<\/p>\n
\n<\/strong>Top 3 manufacturers in each category and 10 regions (Hokkaido, Tohoku, outer Kanto, capital area, Hokuriku, Tokai, Kinki, Chugoku, Shikoku, and Kyushu\/Okinawa) are also forecasted separately.<\/p>\n
\n<\/strong>Annual subscription of whole categories, annual subscription for one category, and one-time order for one category are available.<\/p>\n
\nYos Kawaharata, CEO of UTEcon said, \u201cWe aims to promote societal implementation of research results in economics and related fields. I hope Nikkei-UTEcon Consumables Market Forecast helps more customers to further utilize our academic expertise.\u201d<\/p>\n
\n<\/u>UTEcon was founded in August 2020 with close ties with the Graduate School of Economics, the University of Tokyo. UTEcon provides wide range of economic consulting services as demand forecasting and pricing, policy evaluation, machine-learning based prediction of bankruptcy and accounting fraud, market design, antitrust-related analysis, nowcasting, and quantitative and behavioral marketing.<\/p>\n
\nCEO: Yos Kawaharata
\nEstablishment: August, 2020
\nHeadquarter: Rm. 922 Int\u2019l Academic Research Bldg., 7-3-1 Hongo, Bunkyo-ku, Tokyo, 113-0033, JAPAN
\nURL:\u00a0https:\/\/utecon.net<\/a><\/p>\n
\n<\/u>Nikkei is a world-renowned media brand for Asian news, respected for quality journalism and for being a trusted provider of business news and information. Founded as a market news provider in Japan in 1876, Nikkei has grown into one of the world\u2019s largest media corporations, with 37 foreign editorial bureaus and approximately 1,500 journalists worldwide. Nikkei acquired the Financial Times in 2015.<\/p>\n
\nPresident & CEO: Tsuyoshi Hasebe
\nEstablishment: December, 1876
\nHeadquarter: 1-3-7, Otemachi, Chiyoda-ku, Tokyo, 100-8066, JAPAN
\nURL:\u00a0https:\/\/www.nikkei.co.jp\/nikkeiinfo\/en\/<\/a><\/p>\n
\n<\/u>PR Team, UTokyo Economic Consulting Inc.
\ninfo@utecon.net<\/a><\/p>\n