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

Hitachi Ltd. (6501 JP): Assessing Exposure to Ukraine - Buy into the Sell-Off

Hitachi Results, Special Gain on Asset Sale, and Semi-Bigly Buyback

Hitachi Ltd. (6501 JP): Results Above Guidance, Growth Ahead

Hitachi Ltd. (6501 JP): Buys Kyoto Robotics, Plans to Sell Hitachi Metals

Hitachi Metals – Limited Upside Despite Bain Capital News But Let’s Find the Offshoot Ideas

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 share price has dropped back 10% in conjunction with the Omicron sell-off. Given the company's sales and profit growth trajectories, this looks like a buying opportunity.</li>
<li>Global Logic, power grids, automotive and other businesses are contributing to profit growth despite the semiconductor shortage and higher materials prices.</li>
<li>Raising share price target to ¥8,500 on revised sales and profit forecast. Upside potential 25%.</li>
</ul>


The share price has dropped back 10% in conjunction with the Omicron sell-off. Given the company's sales and profit growth trajectories, this looks like a buying opportunity.
Global Logic, power grids, automotive and other businesses are contributing to profit growth despite the semiconductor shortage and higher materials prices.
Raising share price target to ¥8,500 on revised sales and profit forecast. Upside potential 25%.


Hitachi Ltd. (6501 JP): Buy into the Pull-Back