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

Shiseido: There’s Upside to Consensus Estimates But China Slowdown Is a Too Big of a Risk

Crackdown on Live-Streaming E-Commerce Could Derail The Recovery of Japanese Cosmetics

Shiseido: China Is Still a Question Mark But The Rest of The Business Deserves Plaudits

Shiseido: Offloads BareMinerals, BUXOM and Laura Mercier at a Bargain But Future Looks Bright

Long Shiseido/Short KOSE As Japanese Cosmetics Shift Focus to Margin Expansion

Shiseido's 1Q21 Results Beat Consensus But Try to Play Safe With Conservative 2021 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

<p><a href="https://www.smartkarma.com/entities/shiseido-co-ltd" target="_blank" data-smartkarma-citation="entities:5718:1" rel="noopener">Shiseido Company (4911 JP)</a>’s CEO, Masahiko Uotani has met with several reporters to discuss the company’s view on the cosmetics industry at a time Shiseido’s share price has underperformed the Topix and Nikkei indices by more than 8%.</p><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/236/665/original/image_43531005321634807122546.png?1634807123" class="editor-image img-responsive" data-smartkarma-image-id="236665"></figure><div class="content-caption"><em>Source: Cap IQ</em></div><p>Uotani is expecting a sharp recovery in inbound revenue over the course of the next year. Even though Uotani says that he is less concerned about signs of an economic slowdown and concerns of tighter regulation in China, he is planning on hedging the China slowdown risk through acquisitions in the US and Europe.</p>

Shiseido Company (4911 JP)’s CEO, Masahiko Uotani has met with several reporters to discuss the company’s view on the cosmetics industry at a time Shiseido’s share price has underperformed the Topix and Nikkei indices by more than 8%.Source: Cap IQUotani is expecting a sharp recovery in inbound revenue over the course of the next year. Even though Uotani says that he is less concerned about signs of an economic slowdown and concerns of tighter regulation in China, he is planning on hedging the China slowdown risk through acquisitions in the US and Europe.

Shiseido: Inbound Demand Could Rebound During The Next Twelve Months