'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 & Results Alert - 26th March

🇯🇵 JAPAN • Revisions & Results Alert - 27th March - A Weekend at Home with the Swedish Model

🇯🇵 JAPAN • Revisions & Results Update - 30th March

🇯🇵 JAPAN • Revisions Early Warning System 24th March

🇯🇵 JAPAN MARKET UPDATE • Hit the BoJ Bid and Wait for the Absolute Value Opportunity

🇯🇵 JAPAN MARKET UPDATE • Relative Value: Short-Term Buy On Japanese Equities

ja research

ja research is an independent research platform focused exclusively on Japanese equities. Leveraging data and graphic analysis provided by Japan Analytics, we provide insights on small and medium-sized companies that have been ignored by the sell-side as well as challenging conventional wisdom on larger companies. We also offer analyst and corporate access, the latter with translation if required. 

Thematic (Sector/Industry)

Japan Industrials / Thematic (Sector/Industry)

<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/124/787/original/2020-03-26_05-50-57.png?1585169482" class="editor-image img-responsive" data-smartkarma-image-id="124787"></figure><div class="content-caption">Source • Japan Analytics</div><p><strong>EARLY WARNINGS</strong> - This Insight is the second is a series of posts that will provide a 'real-time' update of the damage to corporate Japan's revenues and profits from the unfolding Covid-19 recession. Tuesday saw twenty-one forecast revisions by twenty companies and one withdrawal of forecasts and dividend cancellation by noodle restaurant <a href="https://www.smartkarma.com/entities/gourmet-kineya-co-ltd" target="_blank" data-smartkarma-citation="entities:11937:1" rel="noopener">Gourmet Kineya (9850 JP)</a>. Jewellery retailer <a href="https://www.smartkarma.com/entities/happiness-and-d-co-ltd" target="_blank" data-smartkarma-citation="entities:1246:1" rel="noopener">Happiness and D (3174 JP)</a> also reported interim results. The most significant revision was from <a href="https://www.smartkarma.com/entities/tdk-corp" target="_blank" data-smartkarma-citation="entities:18847:1" rel="noopener">TDK (6762 JP)</a> shown above.</p><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/124/792/original/File%202020-03-26%204%2009%2018.jpeg?1585171207" class="editor-image img-responsive" data-smartkarma-image-id="124792"></figure><div class="content-caption">Source • covid19japan.com</div><p><strong>COVID-19</strong> - As we discussed in an earlier <a href="https://www.smartkarma.com/insights/japan-market-update-hit-the-boj-bid-and-wait-for-the-absolute-value-opportunity" target="_blank" data-smartkarma-citation="insights:37670" rel="noopener">Insight</a>, Japan's 'softly-softly' approach to the virus was likely to be 'tested' as the country was being encouraged to operate as close to normal last weekend. Yesterday saw the largest jump in new cases in one day since the outbreak Japan - 97 and 2 more deaths bringing the totals to 1,299 confirmed cases and 44 deaths from 23,521 people tested. Tokyo is now the epicentre with 220 cases which has prompted Governor Koike to recommend that people work from home as much as possible and avoid leaving home at this weekend as well as eating and drinking in groups - so no <em>hanami</em> parties! Despite the Governor's preference for cancellation and her scathing comments about an event in Saitama last weekend, another K-1 event to be held at Korakuen will go ahead behind closed doors. The Olympic torch relays have been cancelled. It remains to be seen if these persuasive measures will slow the spread. <strong>The rational assumption would be that Tokyo is now on the same path as London and New York.</strong></p>

Source • Japan AnalyticsEARLY WARNINGS - This Insight is the second is a series of posts that will provide a 'real-time' update of the damage to corporate Japan's revenues and profits from the unfolding Covid-19 recession. Tuesday saw twenty-one forecast revisions by twenty companies and one withdrawal of forecasts and dividend cancellation by noodle restaurant Gourmet Kineya (9850 JP). Jewellery retailer Happiness and D (3174 JP) also reported interim results. The most significant revision was from TDK (6762 JP) shown above.Source • covid19japan.comCOVID-19 - As we discussed in an earlier Insight, Japan's 'softly-softly' approach to the virus was likely to be 'tested' as the country was being encouraged to operate as close to normal last weekend. Yesterday saw the largest jump in new cases in one day since the outbreak Japan - 97 and 2 more deaths bringing the totals to 1,299 confirmed cases and 44 deaths from 23,521 people tested. Tokyo is now the epicentre with 220 cases which has prompted Governor Koike to recommend that people work from home as much as possible and avoid leaving home at this weekend as well as eating and drinking in groups - so no hanami parties! Despite the Governor's preference for cancellation and her scathing comments about an event in Saitama last weekend, another K-1 event to be held at Korakuen will go ahead behind closed doors. The Olympic torch relays have been cancelled. It remains to be seen if these persuasive measures will slow the spread. The rational assumption would be that Tokyo is now on the same path as London and New York.

🇯🇵 JAPAN • Revisions Early Warning System (EWS) 25th March