'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 • Revisions 03/​​​​​24 - Mitsui Mining Keeps the Pot Boiling

🇯🇵 JAPAN • Revisions 03/​​​​​​25 > Misumi & J. Front Retailing

Misumi Group (9962): Muted Response to Upward Revision

🇯🇵 JAPAN • Results & Revisions 03/​15 -  Kobe Bussan & Park24

🇯🇵 JAPAN • Results & Revisions 03/12 - Ya-Man, Tanseisha & Sharp

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

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)

Japan Industrials / Thematic (Sector/Industry)

<div><p style="text-align: center;"><strong>• BEST &amp; WORST •</strong></p></div><div><p>Tuesday's 'best' and 'worst' larger-cap announcements came from <a href="https://www.smartkarma.com/entities/askul-corp" target="_blank" data-smartkarma-citation="entities:16807:1" rel="noopener">Askul (2678 JP)</a> and <a href="https://www.smartkarma.com/entities/tsuruha-holdings-inc" target="_blank" data-smartkarma-citation="entities:9536:1" rel="noopener">Tsuruha (3391 JP)</a>. For more, see the <strong>DETAIL</strong> section below. Of the 21 results announcements, 48% scored positively for earnings momentum. Trailing revenues are still declining  - by 8.3% on average, while quarterly revenues fell by 5.6% year-on-year. Trailing operating margins saw an average 5.2 point decline. 29% of companies were in the red for the quarter.  67% of the 43 annual forecasts/revision announcements scored positively. The average Forecast/Revision score was a positive 6.2 points.</p></div><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/194/919/original/image?1615934988" class="editor-image img-responsive" data-smartkarma-image-id="194919"></figure></section><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/194/918/original/image?1615934987" class="editor-image img-responsive" data-smartkarma-image-id="194918"></figure></section>

• BEST &amp; WORST •Tuesday's 'best' and 'worst' larger-cap announcements came from Askul (2678 JP) and Tsuruha (3391 JP). For more, see the DETAIL section below. Of the 21 results announcements, 48% scored positively for earnings momentum. Trailing revenues are still declining  - by 8.3% on average, while quarterly revenues fell by 5.6% year-on-year. Trailing operating margins saw an average 5.2 point decline. 29% of companies were in the red for the quarter.  67% of the 43 annual forecasts/revision announcements scored positively. The average Forecast/Revision score was a positive 6.2 points.

🇯🇵 JAPAN • Results & Revisions 03/​​16 - Askul & Tsuruha

🇯🇵 JAPAN • Results & Revisions 03/​​16 - Askul & Tsuruha

🇯🇵 JAPAN • Results & Revisions 03/16 - Askul & Tsuruha