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

Asia Growth Hits The Breaks, KOSE Tumbles 12.2%

Further Downside Is Possible As Kose Keeps Losing Ground in Japan

Kose: China and E-Commerce Propels Kose’s Performance Towards the Pre-Pandemic Level

Japanese Cosmetics Pair Trade Opportunities As Japan Prepares to Declare a State of Emergency

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

<a href="https://www.smartkarma.com/entities/kose-corp" target="_blank" data-smartkarma-citation="entities:18009:1" rel="noopener">Kose Corp (4922 JP)</a> delivered 4QFY21 results on 30th April 2021 with revenue and operating profit falling broadly in line with the revised company guidance and consensus estimates.Kose's revenue declined 4.3% YoY in 4QFY21, compared to 26.5%, 21.2% and 5.6% YoY in 1QFY21, 2QFY21 and 3QFY21 respectively.The company’s 4QFY21 operating profit was ¥2.2bn, compared to ¥1.1bn in 1QFY21, ¥2.9bn in 2QFY21 and ¥7.1bn in 3QFY21.The company is shifting to a December year-end from 2021. For the next calendar year (9 months period from April-December 2021) Kose guided for ¥230bn in revenue and ¥20bn in OP, compared to consensus estimates of ¥245bn and ¥26.8bn respectively.

Kose Corp (4922 JP) delivered 4QFY21 results on 30th April 2021 with revenue and operating profit falling broadly in line with the revised company guidance and consensus estimates.Kose's revenue declined 4.3% YoY in 4QFY21, compared to 26.5%, 21.2% and 5.6% YoY in 1QFY21, 2QFY21 and 3QFY21 respectively.The company’s 4QFY21 operating profit was ¥2.2bn, compared to ¥1.1bn in 1QFY21, ¥2.9bn in 2QFY21 and ¥7.1bn in 3QFY21.The company is shifting to a December year-end from 2021. For the next calendar year (9 months period from April-December 2021) Kose guided for ¥230bn in revenue and ¥20bn in OP, compared to consensus estimates of ¥245bn and ¥26.8bn respectively.

Kose Corp

KOSE: Losing Ground In Japan