Senior Technology Analyst, Japanese Equities, LightStream Research

Scott Foster

Securities analyst covering electronics, precision equipment & robotics, engineering, construction, transport and other sectors for more than 25 years in Japan and 3 years in Korea. Permanent resident of Japan.

Senior Technology Analyst, Japanese Equities

Lasertec (6920 JP): Time to Have Another Look

Lasertec (6920 JP): Orders Delayed, Guidance Unchanged

Lasertec (6920 JP): A Fundamental Re-Rating

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. 

Equity Bottom-Up

<p>Lasertec's share price has rebounded by nearly 30% since early July and by 15% in the past few days on FY Jun-18 profits that were well above guidance. Operating profit was up 16% to ¥5.7 billion (vs. ¥5.0 billion guidance) and net profit up 23.5% to ¥4.4 billion (vs. ¥3.8 billion guidance).</p><p>Sales rose 23% to ¥21.3 billion (vs. ¥21 billion guidance) while new orders received jumped 69% to ¥42.9 billion (vs. ¥40 billion guidance), both led by photomask, mask blank and other semiconductor-related…</p>

Lasertec's share price has rebounded by nearly 30% since early July and by 15% in the past few days on FY Jun-18 profits that were well above guidance. Operating profit was up 16% to ¥5.7 billion (vs. ¥5.0 billion guidance) and net profit up 23.5% to ¥4.4 billion (vs. ¥3.8 billion guidance).Sales rose 23% to ¥21.3 billion (vs. ¥21 billion guidance) while new orders received jumped 69% to ¥42.9 billion (vs. ¥40 billion guidance), both led by photomask, mask blank and other semiconductor-related…

Lasertec (6920 JP): Base for Long-Term Investment

Lasertec Corp

Lasertec (6920 JP): Base for Long-Term Investment