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

Nissin Electric (6641 JP): Further Upside Despite Volatility

Sumitomo Electric Buys Out Sub Nissin Electric (6641) At ¥1,700/Share - ATH But Still Too Low

Sumitomo Electric Industries (5802 JP) - LT Momentum Confirms Material Upside Potential in 2023

Nissin Electric (6641) Very Cheap Now and Bad News Would Appear to Be in the Price.

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

On April 15, the Nikkei reported that Japan's Ministry of Economy, Trade and Industry and Organization for Cross-regional Coordination of Transmission Operators have drawn up plans to double the nation's interregional power grid capacity by linking the northern and southern islands of Hokkaido and Kyushu to the main island of Honshu and expanding connections between other regions. Details are expected to be announced later this month.This should provide long-term support for Nissin Electric and other makers of electric power equipment. In the meantime, Nissin's power equipment, ion implant and other businesses are rebounding from the COVID downturn. Projected valuations indicate 30% potential upside.

On April 15, the Nikkei reported that Japan's Ministry of Economy, Trade and Industry and Organization for Cross-regional Coordination of Transmission Operators have drawn up plans to double the nation's interregional power grid capacity by linking the northern and southern islands of Hokkaido and Kyushu to the main island of Honshu and expanding connections between other regions. Details are expected to be announced later this month.This should provide long-term support for Nissin Electric and other makers of electric power equipment. In the meantime, Nissin's power equipment, ion implant and other businesses are rebounding from the COVID downturn. Projected valuations indicate 30% potential upside.

Nissin Electric (6641 JP): Interregional Grid Plan Should Support Long-Term Growth