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

Seven & I Ventures Down Under with 7-Eleven Australia Acquisition

Seven & I Spends Another $950mn on Acquisitions, A Possible Defense Against Investor Activism

Investor Activism Update: Seven & I Sets the Path in Investor Activism Battle

Seven & I: An Update on Investor Activism

Seven & I: Challenging Guidance, The US Business Needs to Fire on All Cylinders

Seven & I: 7-Eleven US Poses Challenges for FY24 Guidance

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>
<a href="https://www.smartkarma.com/entities/seven-i-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:1041:1" rel="noopener">Seven &amp; I Holdings (3382 JP)</a>'s FQ2 OP exceeded consensus by ¥2.0bn (1.3%), but with FH2 revenue guidance lowered by ¥95bn, the overall outlook appears discouraging.</li>
<li>The company's shares fell by 5%, underperforming Topix by 3.8%, indicating investor concern about US growth and departing from activist proposals despite a ¥2.0bn earnings outperformance.</li>
<li>If overseas investors who supported ValueAct's proposals begin to exit, Seven &amp; I could face substantial downside risks in the near term.</li>
</ul>



Seven &amp; I Holdings (3382 JP)'s FQ2 OP exceeded consensus by ¥2.0bn (1.3%), but with FH2 revenue guidance lowered by ¥95bn, the overall outlook appears discouraging.
The company's shares fell by 5%, underperforming Topix by 3.8%, indicating investor concern about US growth and departing from activist proposals despite a ¥2.0bn earnings outperformance.
If overseas investors who supported ValueAct's proposals begin to exit, Seven &amp; I could face substantial downside risks in the near term.


Seven & I: Unimpressive Results & Potential Investor Exodus Amidst Superstore Transformation