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Equity Analyst, LightStream Research

Chacko Jacob

Equity Analyst

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.

Equity Bottom-Up

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<p><a href="https://www.smartkarma.com/entities/12933" target="_blank" data-smartkarma-citation="entities:12933:1">Kao Corp (4452 JP)</a> is at a crossroads where it must look to alternate channels and regions to continue its growth. Unlike peers like Shiseido and Kose, the company was late in getting on e-commerce platforms and tapping travel retail. The decline in domestic revenue in FY17 served as an eye-opener for the company and culminated in changes in strategy that saw the company trim its cosmetic line and look aggressively at other Asian markets for growth. As the company continues its overhaul through…</p>
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Kao Corp (4452 JP) is at a crossroads where it must look to alternate channels and regions to continue its growth. Unlike peers like Shiseido and Kose, the company was late in getting on e-commerce platforms and tapping travel retail. The decline in domestic revenue in FY17 served as an eye-opener for the company and culminated in changes in strategy that saw the company trim its cosmetic line and look aggressively at other Asian markets for growth. As the company continues its overhaul through…


Kao Corp: Takes a Gamble With Leaner Cosmetic Line & Alternative Sales Channels To Further Growth