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

Fujitsu (6702 JP): Reputation at Risk in UK Post Office Scandal

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 UK Post Office "Horizon Scandal" has blown up, putting Fujitsu's computer system failure on the front pages and on the agenda of Parliament and Prime Minister Sunak.</li>
<li>Fujitsu UK has been awarded £6.8bn in public contracts since 2012. The Justice Secretary is  now talking about compensation for the enormous financial and personal damage caused.</li>
<li>Fujitsu's share price is coming off a new all-time high reached in December. The amount of compensation and loss of potential future contracts is substantial but uncertain.</li>
</ul>


The UK Post Office "Horizon Scandal" has blown up, putting Fujitsu's computer system failure on the front pages and on the agenda of Parliament and Prime Minister Sunak.
Fujitsu UK has been awarded £6.8bn in public contracts since 2012. The Justice Secretary is  now talking about compensation for the enormous financial and personal damage caused.
Fujitsu's share price is coming off a new all-time high reached in December. The amount of compensation and loss of potential future contracts is substantial but uncertain.


Fujitsu (6702 JP): Horizon Scandal Blows Up

Fujitsu Ltd

Fujitsu (6702 JP): Horizon Scandal Blows Up