Equity Analyst, LightStream Research

Oshadhi Kumarasiri

An equity research analyst with over 7 years of experience in multiple sectors. Previously worked for one of the world's largest asset managers with about USD2.5trn in AUM, covering small and micro-cap companies in the consumer sphere across Europe and developed Asia. Also experienced in covering multiple industries including banking, insurance and asset management, retail, tech, telco and REIT.

Equity Analyst

Shiseido Company Limited: 4QFY2018 Results – Setting Expectations Too High

Merries Baby Diaper Business: Struggles to Continue Despite Company Remarks a Quick Turnaround

Shiseido: POS Alternative Data Report - 2Q19 Earnings

Market Largely Untroubled by Kao’s Troubles

Shiseido Co Ltd: Could Become a Victim of Its Own Success

Shiseido Vs Kosei Based on Inbound Tourism--An Analysis by Charts

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

<p>Picking up from where we left off <a href="https://www.smartkarma.com/insights/market-largely-untroubled-by-kao-s-troubles" target="_blank" data-smartkarma-citation="insights:27608">Market Largely Untroubled by Kao’s Troubles</a>, <a href="https://www.smartkarma.com/entities/12933" target="_blank" data-smartkarma-citation="entities:12933:1">Kao Corp (4452 JP)</a> announced its FY2018 results yesterday (4<sup>th</sup> February). Kao’s Revenue grew 1.2% YoY in FY2018 to reach JPY1,508bn, while its EBIT margin improved by 10bps to reach 13.8%. Despite that, both revenue and EBIT fell short of company guidance for FY2018.</p>

Picking up from where we left off Market Largely Untroubled by Kao’s Troubles, Kao Corp (4452 JP) announced its FY2018 results yesterday (4th February). Kao’s Revenue grew 1.2% YoY in FY2018 to reach JPY1,508bn, while its EBIT margin improved by 10bps to reach 13.8%. Despite that, both revenue and EBIT fell short of company guidance for FY2018.

Kao Corporation, 4QFY2018 Results Falls Short of Guidance