'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 • Results & Revisions Update 8th May - Lion, PPI, Hoya, Sogo Shosha, NEC

🇯🇵 JAPAN • Results & Revisions 12th May - Secom, Shiseido, Toyota, Sysmex, Mitsui Fudosan

Toyota – Based on Results, Long Toyota Short Honda Should Continue to Work

🇯🇵 JAPAN • Results & Revisions 11th May - Nissin, Seria, Mitsubishi Electric, Asahi Group

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>
<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/133/397/original/2020-05-14_07-20-07.png?1589408433" class="editor-image img-responsive" data-smartkarma-image-id="133397"></figure><div class="content-caption">Source • Japan Analytics</div>
<p>In the<strong> DETAIL </strong>below, we shall review the results, revisions and initial forecast announcements made by larger-cap companies yesterday:-</p>
</div><div><ul>
<li>The balance between positive/neutral/negative of the 318 results announcements was 144:20:154. The was no change in the average Results Score.</li>
<li>For the 156 revisions/initial forecasts, the split was 55:15:86, and the average Revision Score was -4.6. Of the 228 companies declaring full-year results, only 50% made forecasts for the current year.</li>
</ul></div>


Source • Japan Analytics
In the DETAIL below, we shall review the results, revisions and initial forecast announcements made by larger-cap companies yesterday:-

The balance between positive/neutral/negative of the 318 results announcements was 144:20:154. The was no change in the average Results Score.
For the 156 revisions/initial forecasts, the split was 55:15:86, and the average Revision Score was -4.6. Of the 228 companies declaring full-year results, only 50% made forecasts for the current year.


🇯🇵 JAPAN • Results & Revisions 13th May - Matsumotokiyoshi, Fuji Media, Seino