'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 2nd July • Scrambled Eggs

🇯🇵 JAPAN • Results & Revisions 3rd July • The Next Wave

🇯🇵 JAPAN • Results & Revisions 6th July - Man(I) Overboard!

🇯🇵 JAPAN • Results & Revisions 29th June -Stayin' Home

🇯🇵 JAPAN • Results & Revisions 26th June

🇯🇵 JAPAN • Results & Revisions 30th June - Waste Not..

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)

<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/143/890/original/2020-07-02_07-06-38.png?1593641229" class="editor-image img-responsive" data-smartkarma-image-id="143890"></figure><div class="content-caption">Source • Japan Analytics</div><p><strong>BAD NEWS &lt;&gt; GOOD NEWS</strong>- Only one company reported quarterly results yesterday -  nano-cap regional newspaper publisher and once speculative high-flyer, <a href="https://www.smartkarma.com/entities/chiikishinbunsha-co-ltd" target="_blank" data-smartkarma-citation="entities:16470:1" rel="noopener">Chiikishinbunsha (2164 JP)</a>. With advertisers cutting spending and physical distribution compromised, revenues fell by 37% for the quarter and are forecast to fall further in the current quarter, which ends next month. In the <strong>DETAIL</strong> below, we cover yesterday's eight revisions which showed strong growth in some businesses that are benefiting from the COVID-19 economy.</p><div><p style="text-align: center;"><strong>DAILY STATS</strong></p></div><hr><div><p style="text-align: center;"><strong>1 Quarterly Result (see above)</strong></p></div><hr><div><p style="text-align: center;"><br><strong>5 Annual • 3 Interim Forecasts/Revisions</strong></p></div><div><ul>
<li>Annual Forecast/Revision Score: 3 Positive / 3 Neutral / 2 Negative</li>
<li>Interim Forecast/Revision Score Change: 2 Positive / 2 Neutral / 1 Negative</li>
<li>Average Forecast/Revision Score Change: -1.0</li>
</ul></div>

Source • Japan AnalyticsBAD NEWS &lt;&gt; GOOD NEWS- Only one company reported quarterly results yesterday -  nano-cap regional newspaper publisher and once speculative high-flyer, Chiikishinbunsha (2164 JP). With advertisers cutting spending and physical distribution compromised, revenues fell by 37% for the quarter and are forecast to fall further in the current quarter, which ends next month. In the DETAIL below, we cover yesterday's eight revisions which showed strong growth in some businesses that are benefiting from the COVID-19 economy.DAILY STATS1 Quarterly Result (see above) 5 Annual • 3 Interim Forecasts/Revisions
Annual Forecast/Revision Score: 3 Positive / 3 Neutral / 2 Negative
Interim Forecast/Revision Score Change: 2 Positive / 2 Neutral / 1 Negative
Average Forecast/Revision Score Change: -1.0


🇯🇵 JAPAN • Results & Revisions 1st July • Bad News <> Good News