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

Nissin Foods' FQ4 Earnings: A Possible 59% Operating Profit Surprise?

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.

Event-Driven

<p>Last week <a href="https://www.smartkarma.com/entities/nissin-foods-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:12548:1" rel="noopener">Nissin Foods Holdings (2897 JP)</a> announced that its board of directors approved a secondary offering of 3.041m shares for international investors. Nissin's press release said that the shareholders, Mizuho Bank, MUFG Bank, and Sumitomo Mitsui Banking Corporation are reducing their shareholdings in the company through this secondary offer, amidst ongoing discussions between the company and shareholders regarding changes to Nissin’s shareholding structure, in response to the changing view of cross-shareholdings by the TSE.</p>

Last week Nissin Foods Holdings (2897 JP) announced that its board of directors approved a secondary offering of 3.041m shares for international investors. Nissin's press release said that the shareholders, Mizuho Bank, MUFG Bank, and Sumitomo Mitsui Banking Corporation are reducing their shareholdings in the company through this secondary offer, amidst ongoing discussions between the company and shareholders regarding changes to Nissin’s shareholding structure, in response to the changing view of cross-shareholdings by the TSE.

Nissin Foods Placement: Could Be a Result of a Discord Between Shareholders and The Company