Senior Technology Analyst, Japanese Equities, LightStream Research

Scott Foster

Securities analyst covering electronics, precision equipment & robotics, engineering, construction, transport and other sectors for more than 25 years in Japan and 3 years in Korea. Permanent resident of Japan.

Senior Technology Analyst, Japanese Equities

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Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Bottom-Up

<ul>
<li>The shares have rebounded by nearly 30% since the 1st of February. Consolidation seems likely while waiting for evidence that management's sales and profit targets can be met.</li>
<li>As Japan's No. 1 IT services company, Fujitsu should benefit from the ongoing digitalization of Japan's public and private sectors, the roll-out of 5G and the development of 6G.</li>
<li>Risks for investors include the weakening yen and economic slowdown. A history of IT system failures also raises a red flag.</li>
</ul>


The shares have rebounded by nearly 30% since the 1st of February. Consolidation seems likely while waiting for evidence that management's sales and profit targets can be met.
As Japan's No. 1 IT services company, Fujitsu should benefit from the ongoing digitalization of Japan's public and private sectors, the roll-out of 5G and the development of 6G.
Risks for investors include the weakening yen and economic slowdown. A history of IT system failures also raises a red flag.


Fujitsu (6702 JP): At Risk of Short-Term Profit Taking

Fujitsu Ltd

Fujitsu (6702 JP): At Risk of Short-Term Profit Taking