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

🇯🇵 JAPAN • Results & Revisions Update 8th May - Lion, PPI, Hoya, Sogo Shosha, NEC

🇯🇵 JAPAN • Results & Revisions 11th May - Nissin, Seria, Mitsubishi Electric, Asahi Group

🇯🇵 JAPAN • Results & Revisions 12th May - Secom, Shiseido, Toyota, Sysmex, Mitsui Fudosan

NEC (6701 JP): Restructuring, 5G & Other Advanced Technologies

NEC (6701 JT) - Facial Recognition Leaders

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

<ul>
<li>NEC has revised its sales and profit guidance for FY Mar-20. Operating profit is now estimated to have risen by 2.2x on a 6% increase in sales.</li>
<li>The primary reason for this was strong domestic investment in computing and communications technology driven by teleworking in response to COVID-19.</li>
<li>Audited results are scheduled to be announced on May 12.</li>
</ul>


NEC has revised its sales and profit guidance for FY Mar-20. Operating profit is now estimated to have risen by 2.2x on a 6% increase in sales.
The primary reason for this was strong domestic investment in computing and communications technology driven by teleworking in response to COVID-19.
Audited results are scheduled to be announced on May 12.


NEC (6701 JP): Teleworking Drives Upward Revision to FY Mar-20 Guidance

NEC Corp

NEC (6701 JP): Teleworking Drives Upward Revision to FY Mar-20 Guidance