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

Shimadzu (7701) To Buy Out Nissui Pharma (4550) In Tender Offer

Shimadzu (7701 JP): Excessive Valuation Gone, Business Doing Well

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>The weak yen should add several billion to operating profit this fiscal year, helping the company meet or exceed guidance.</li>
<li>Medical Systems, which were once barely profitable, generated a 9.1% operating margin last year due to growing service revenues and a better product mix.</li>
<li>The share price should continue to hold up in a declining market.</li>
</ul>


The weak yen should add several billion to operating profit this fiscal year, helping the company meet or exceed guidance.
Medical Systems, which were once barely profitable, generated a 9.1% operating margin last year due to growing service revenues and a better product mix.
The share price should continue to hold up in a declining market.


Shimadzu (7701 JP): Weak Yen Supports Guidance

Shimadzu Corp

Shimadzu (7701 JP): Weak Yen Supports Guidance