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: Inbound Demand Could Rebound During The Next Twelve Months

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

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.

Event-Driven

<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>, Japan’s biggest cosmetics company with annual revenue of around ¥1,000bn, said that they agreed to sell its bareMinerals, BUXOM and Laura Mercier brands along with their related assets to the PE firm Advent International for US$700.0m. The transaction is expected to close on or before 31<sup>st</sup> December 2021. The sale comes as a part of Shiseido’s “Win 2023 and Beyond” transformation plan which targets a 15% operating margin (an increase of 5 percentage points from the 2019 level) by 2023 and global leadership in skincare by 2030.</p>

Shiseido Company (4911 JP), Japan’s biggest cosmetics company with annual revenue of around ¥1,000bn, said that they agreed to sell its bareMinerals, BUXOM and Laura Mercier brands along with their related assets to the PE firm Advent International for US$700.0m. The transaction is expected to close on or before 31st December 2021. The sale comes as a part of Shiseido’s “Win 2023 and Beyond” transformation plan which targets a 15% operating margin (an increase of 5 percentage points from the 2019 level) by 2023 and global leadership in skincare by 2030.

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