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

Japanese Cosmetics Industry: Monthly Statistics Update - July 2019

Japanese Cosmetics Industry: Monthly Statistics Update - August 2019

Shiseido Acquires Drunk Elephant: Strategically Important but Didn’t Come Cheap

Shiseido Company Limited: 4QFY2018 Results – Setting Expectations Too High

Shiseido Co Ltd: Could Become a Victim of Its Own Success

Kao Corporation, 4QFY2018 Results Falls Short of Guidance

Market Largely Untroubled by Kao’s Troubles

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>Shiseido is scheduled to release its 2Q19 earnings on 8<sup>th</sup> August 2019. All other Japanese cosmetic companies have already reported their results and most of them had a relatively weak quarter when compared to the last 2-3 years. This was mainly down to the relatively weaker demand in the domestic market especially in product categories such as UV care, Shampoo and Milky Lotions.</p><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/095/048/original/1.PNG?1565158215" class="editor-image img-responsive" data-smartkarma-image-id="95048"></figure><div class="content-caption">Source: Truedata POS</div>

Shiseido is scheduled to release its 2Q19 earnings on 8th August 2019. All other Japanese cosmetic companies have already reported their results and most of them had a relatively weak quarter when compared to the last 2-3 years. This was mainly down to the relatively weaker demand in the domestic market especially in product categories such as UV care, Shampoo and Milky Lotions.Source: Truedata POS

Shiseido: POS Alternative Data Report - 2Q19 Earnings