Equity Analyst, LightStream Research

Farha Sabri

Equity Analyst

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>Sony Corp reported its FY03/18 results on Friday, recording 12.7% YoY growth in revenue (JPY8,544bn) and a whopping 154.5% growth in its OP (JPY734.9bn). The company saw strong revenue growth in all but its Mobile Communications segment. The growth in OP was primarily a result of the increased sales coupled with favourable foreign exchange rate movements. Sony’s top-line was a touch lower (0.4%) than consensus average estimates of JPY8,577bn. This was the case with Sony’s OP as well which was…</p>

Sony Corp reported its FY03/18 results on Friday, recording 12.7% YoY growth in revenue (JPY8,544bn) and a whopping 154.5% growth in its OP (JPY734.9bn). The company saw strong revenue growth in all but its Mobile Communications segment. The growth in OP was primarily a result of the increased sales coupled with favourable foreign exchange rate movements. Sony’s top-line was a touch lower (0.4%) than consensus average estimates of JPY8,577bn. This was the case with Sony’s OP as well which was…

Sony Reports Stellar Performance in FY03/18; Dulls Forecast for FY03/19