Welcome

Two Fields Research is an independent provider of general publications for analyses on mid-cap Japanese equities: a segment often overlooked by mainstream coverage.

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We deliver original, conflict-free research that aims to enhance transparency and broaden perspective, supporting informed decision-making across the capital markets.

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Our research is not intended as investment advice or solicitation under Japanese law.

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Our analytical approach challenges market consensus, questions assumptions, and critically examines corporate communications to uncover insights that go beyond the surface.
Rather than accepting official narratives at face value, we dissect them to highlight aspects that matter to discerning investors.