Equity Analyst, LightStream Research

Oshadhi Kumarasiri

An equity research analyst with over 7 years of experience in multiple sectors. Previously worked for one of the world's largest asset managers with about USD2.5trn in AUM, covering small and micro-cap companies in the consumer sphere across Europe and developed Asia. Also experienced in covering multiple industries including banking, insurance and asset management, retail, tech, telco and REIT.

Equity Analyst

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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.

Thematic (Sector/Industry)

Azerbaijan Consumer staples / Thematic (Sector/Industry)

<p>A disappointing January saw almost all the Japanese cosmetic companies face dropping share price. In the meantime, the Nikkei index managed to increase by about 6%. FANCL was the biggest loser among cosmetics in January 2019, as the share price tumbled more than 11% during the month. Shiseido, Kose and Kao all saw their share prices decline during 2019 while Pola Orbis was the only Japanese cosmetics accompany that saw its share price rise during January 2019.</p>
<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/085/478/original/1.jpg?1555906777" class="editor-image img-responsive" data-smartkarma-image-id="85478"></figure>
<div class="content-caption">Source: Cap IQ</div>
<p>Since the lows of January, Japanese cosmetic stocks have rallied and to date have returned about 30% for investors. Kose, Shiseido and FANCL were the biggest winners as all three companies managed to generate more than 25% upside since their January lows. Other Japanese cosmetics companies also managed to outperform the Nikkei during the months of February, March and April.</p>
<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/085/479/original/2.jpg?1555906818" class="editor-image img-responsive" data-smartkarma-image-id="85479"></figure>
<div class="content-caption">Source: Cap IQ</div>

A disappointing January saw almost all the Japanese cosmetic companies face dropping share price. In the meantime, the Nikkei index managed to increase by about 6%. FANCL was the biggest loser among cosmetics in January 2019, as the share price tumbled more than 11% during the month. Shiseido, Kose and Kao all saw their share prices decline during 2019 while Pola Orbis was the only Japanese cosmetics accompany that saw its share price rise during January 2019.

Source: Cap IQ
Since the lows of January, Japanese cosmetic stocks have rallied and to date have returned about 30% for investors. Kose, Shiseido and FANCL were the biggest winners as all three companies managed to generate more than 25% upside since their January lows. Other Japanese cosmetics companies also managed to outperform the Nikkei during the months of February, March and April.

Source: Cap IQ

Japan Cosmetic: FANCL, KOSE, Shiseido & Pola Orbis Making Progress as Worries of Weak January Fades