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

Yamada Denki (9831) - GINORMOUS Buyback 2/3 Done. Stock Price Reaction Limited.

Yamada Denki (9831) Buyback Almost Done and Odd Dividend "Cut", and a Lightbulb Dilemma

Yamada Denki: 70+% Upside With 65% of The Medium Term OP Target

Yamada Denki and Otsuka Kagu Do The Deed - A Quick Merger

Otsuka Kagu to Be Absorbed by Yamada Denki as Family CEO Departs

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>We were lucky with our call on <a href="https://www.smartkarma.com/entities/yamada-denki-co-ltd" target="_blank" data-smartkarma-citation="entities:641:1" rel="noopener">Yamada Denki (9831 JP)</a> earlier this year as the stock outperformed Topix by around 30% in the first 9 months of 2022.</li>
<li>We were expecting to make more than 70%, but revenues have fallen short of our expectations.</li>
<li>With demand falling more than expected after a short boost during COVID through telework and online classes, we would look to cash in the gains before the 2QFY23 earnings release.</li>
</ul>


We were lucky with our call on Yamada Denki (9831 JP) earlier this year as the stock outperformed Topix by around 30% in the first 9 months of 2022.
We were expecting to make more than 70%, but revenues have fallen short of our expectations.
With demand falling more than expected after a short boost during COVID through telework and online classes, we would look to cash in the gains before the 2QFY23 earnings release.


Yamada Denki

Yamada Holdings: Time to Lock In Profits