Equity Analyst, LightStream Research

Oshadhi Kumarasiri

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 Capital Markets

In this follow up report on <a href="https://www.smartkarma.com/entities/roland-corp" target="_blank" data-smartkarma-citation="entities:30727:1" rel="noopener">Roland Corp (7944 JP)</a> we dissect Roland’s resurgence following the MBO in 2014. Furthermore, we compare Roland’s pre-MBO and post-MBO revenue growth and market share in different geographies against Yamaha’s musical instruments segment.

In this follow up report on Roland Corp (7944 JP) we dissect Roland’s resurgence following the MBO in 2014. Furthermore, we compare Roland’s pre-MBO and post-MBO revenue growth and market share in different geographies against Yamaha’s musical instruments segment.

Roland Corporation IPO: More In Tune Than Yamaha Lately

Founded in 1972 in Osaka, Japan, <a href="https://www.smartkarma.com/entities/roland-corp" target="_blank" data-smartkarma-citation="entities:30727:1" rel="noopener">Roland Corp (7944 JP)</a> is an iconic brand name in the electronic musical instruments industry. Though the company lost its way a bit after the 2007-08 global financial crisis, it still holds a market leading position in the global electronic musical instruments industry.<section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/171/678/original/Picture1.png?1605455087" class="editor-image img-responsive" data-smartkarma-image-id="171678"></figure><div class="content-caption">Source: Company Disclosures</div></section>On 11th November 2020, Roland Corporation filed for an IPO on the Tokyo Stock Exchange to sell 11.71m shares held by Taiyo Jupiter Holdings. This IPO marks a return to trading six years after Roland Corporation was taken private via a MBO in 2014.The book-building period starts from 1st of December and runs till the 7th of December. The offer price will be announced on the 8th of September. The subscription period is from the 9th of December to the 14th of December, and the expected listing will be on 16th December 2020.Underwriters to the deal are SMBC Nikko Securities, UBS Securities, Nomura Securities, Matsui Securities, Rakuten Securities, SBI Securities, and Monex Inc.

Founded in 1972 in Osaka, Japan, Roland Corp (7944 JP) is an iconic brand name in the electronic musical instruments industry. Though the company lost its way a bit after the 2007-08 global financial crisis, it still holds a market leading position in the global electronic musical instruments industry.Source: Company DisclosuresOn 11th November 2020, Roland Corporation filed for an IPO on the Tokyo Stock Exchange to sell 11.71m shares held by Taiyo Jupiter Holdings. This IPO marks a return to trading six years after Roland Corporation was taken private via a MBO in 2014.The book-building period starts from 1st of December and runs till the 7th of December. The offer price will be announced on the 8th of September. The subscription period is from the 9th of December to the 14th of December, and the expected listing will be on 16th December 2020.Underwriters to the deal are SMBC Nikko Securities, UBS Securities, Nomura Securities, Matsui Securities, Rakuten Securities, SBI Securities, and Monex Inc.

Roland Corporation IPO: Better Prepared for Cyclicality Than Before

Japan

Roland Corporation manufactures and distributes musical instruments. The Company produces keyboards, digital synthesizers, digital recorders, pianos, rhythm machines, guitars, drums, and other products. Roland markets its products worldwide.

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Roland Corp (7944 JP)

Roland Corporation IPO: More In Tune Than Yamaha Lately

In this follow up report on Roland Corp (7944 JP) we dissect Roland’s resurgence following the MBO in 2014. Furthermore, we compare Roland’s pre...

Oshadhi Kumarasiri

Roland Corporation IPO: Better Prepared for Cyclicality Than Before

Roland Corporation is an iconic brand name in the electronic musical instruments industry. On 11th November 2020, the company filed for an IPO on...

Oshadhi Kumarasiri

Price Gauge

52-week Range

Market Cap (USDm)

P/E

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