Sony Group (6758.T) enters September 2025 with shares up 58.60% over 12 months, outpacing the S&P 500’s 15.29%. The stock closed at ¥4,268 on Sept 29, 2025, near its ¥4,578 52‑week high and above the 50‑day and 200‑day moving averages. Under the hood, trailing twelve‑month revenue sits at ¥13.01T with operating margin 13.03% and profit margin 8.81%—a solid base for a diversified portfolio spanning games, music, pictures and image sensors. Cash and debt are roughly balanced (¥1.6T and ¥1.61T), operating cash flow is healthy at ¥2.53T, though levered free cash flow is negative, flagging elevated investment needs. With beta at 0.78 and a modest forward dividend yield of 0.57% (ex‑div 9/29/2025), risk appears measured. This three‑year outlook assesses scenarios to September 2028, key risks, and potential catalysts.

Meituan-W (3690.HK) enters September 2025 after a difficult stretch for the share price, which finished the latest week at 100.60, down 41.51% over 12 months and near the 52-week low of 95.350. Fundamentals are mixed: trailing revenue is 360.46B with gross profit of 133.03B and net income of 29.51B, yet operating margin (ttm) is -2.41% and quarterly earnings growth fell 96.80% year over year. Liquidity remains a strength, with 171.02B in cash against 50.98B of debt and a current ratio of 1.93, supporting continued investment in local services and adjacent initiatives. Technically, the stock sits below its 50-day (113.944) and 200-day (138.876) moving averages, while a 0.19 beta suggests low market correlation. With no dividend and 5.53B shares outstanding, the three-year outlook hinges on execution, monetization quality, and margin stabilization.

Nestlé (NESN.SW) heads into the next three years balancing income appeal with operational repair. The stock has fallen 16.27% over the past 52 weeks to about 71.14, near the 69.90–91.72 range low. Under the hood, trailing revenue is 90.9B, profit margin 11.34% and operating margin 16.07%, while quarterly revenue and earnings growth are -1.80% and -10.30% year over year. The forward dividend yield is 4.29% on a 3.05 payout and a 76.25% payout ratio. Leverage and liquidity deserve attention: total debt is 65.6B, debt/equity 225.85%, and the current ratio is 0.71, against 5.51B of cash. With a forward P/E of 15.85, EV/EBITDA 13.46 and a beta of 0.42, investors are weighing stability against growth.

Reliance Industries Ltd (RELIANCE.NS) enters September 2025 with diversified cash flows across energy, digital and retail, modest topline momentum, and active balance-sheet management. Trailing-twelve-month revenue stands at 9.77T with EBITDA of 1.71T and net income of 815.04B, implying margins of 11.93% at the operating level and 8.35% net. Liquidity remains solid with 2.25T in cash against 3.7T in total debt and a low-beta profile of 0.22. Quarterly revenue growth has picked up to 5.10% year-on-year while diluted EPS is 60.20. The stock closed the week at 1,379.00, sits near its 50-day moving average of 1,391.50, and below the 52-week high of 1,551.00. A modest dividend yield of 0.40% with an 8.30% payout ratio underscores capacity to fund growth alongside distributions.