'Quantamental' Japan Specialist, LightStream Research

Campbell Gunn

Former Japan Equity PM with over 30 of experience now providing database-driven analysis of the market, sectors, peer groups and stocks for LightStream Research.

Leveraging data and graphic analysis provided by Japan Analytics, and the related Japan Analytics iPad App, we provide insights on companies are often ignored by the sell-side as well as challenging conventional wisdom on the market overall.

'Quantamental' Japan Specialist

🇯🇵 Japan • Spring Results & Revisions Flash - Early Days

🇯🇵 Japan • Spring Results & Revisions & Market Update - Slip-Slidin' Away

Advantest: Strong SoC Tester Demand Drives 1Q Results but Sustainability Remains a Question

Advantest: FY03/19 Full-Year Results Beat Consensus, 4QFY03/19 Declines Due to Memory Downturn

Advantest (6857 JP): Memory Downturn Yet to Impact Advantest

ja research

ja research is an independent research platform focused exclusively on Japanese equities. Leveraging data and graphic analysis provided by Japan Analytics, we provide insights on small and medium-sized companies that have been ignored by the sell-side as well as challenging conventional wisdom on larger companies. We also offer analyst and corporate access, the latter with translation if required. 

Equity Bottom-Up

<div class="content-caption">
<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/085/983/original/2019-04-26_11-52-57.png?1556247183" class="editor-image img-responsive" data-smartkarma-image-id="85983"></figure><p>Source: Japan Analytics</p>
</div><p><strong><a href="https://www.smartkarma.com/entities/18107" target="_blank" data-smartkarma-citation="entities:18107:1">ADVANTEST (6857 JP)</a></strong> reported FY2019 on 25th April and released initial forecasts for the current year which suggest that Operating Income will decline by 54% on a 19% decline in sales and a 23% decline in new orders. For details, please see <a href="https://www.smartkarma.com/companies/909" target="_blank" data-smartkarma-citation="companies:909">LightStream Research</a>'s Insight <a href="https://www.smartkarma.com/insights/advantest-fy03-19-full-year-results-beat-consensus-4qfy03-19-declines-due-to-memory-downturn" target="_blank" data-smartkarma-citation="insights:29425">here</a>. This Insight will review the company's forecasting track record, update our Scoring Charts and, based on our valuation methodology, suggest the current downside risk or short 'potential' after today's near 9% decline.  <strong>We also highlight the 11% increase in net shares outstanding in the last five quarters.</strong></p>


Source: Japan Analytics
ADVANTEST (6857 JP) reported FY2019 on 25th April and released initial forecasts for the current year which suggest that Operating Income will decline by 54% on a 19% decline in sales and a 23% decline in new orders. For details, please see LightStream Research's Insight here. This Insight will review the company's forecasting track record, update our Scoring Charts and, based on our valuation methodology, suggest the current downside risk or short 'potential' after today's near 9% decline.  We also highlight the 11% increase in net shares outstanding in the last five quarters.

6857 🇯🇵 Advantest • Scoring & Valuation Update

Advantest Corp

6857 🇯🇵 Advantest • Scoring & Valuation Update