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

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.

Thematic (Sector/Industry)

Japan Food, beverage and tobacco / Thematic (Sector/Industry)

<ul>
<li>The food and beverage sector stands out for its aggressive dual approach—raising prices while driving internal efficiencies—which could position it for earnings outperformance if input cost inflation stabilizes.</li>
<li>Alcoholic beverage makers are facing near-term consumption risks post-price hikes. Yet they are pursuing structural cost improvements to safeguard margins.</li>
<li>Department store operators are balancing strong recent performance and structural transformation with near-term headwinds from remodeling and softer inbound trends.</li>
</ul>


The food and beverage sector stands out for its aggressive dual approach—raising prices while driving internal efficiencies—which could position it for earnings outperformance if input cost inflation stabilizes.
Alcoholic beverage makers are facing near-term consumption risks post-price hikes. Yet they are pursuing structural cost improvements to safeguard margins.
Department store operators are balancing strong recent performance and structural transformation with near-term headwinds from remodeling and softer inbound trends.


Japan Consumer Sector Update: Q4 FY2025 Wrap-Up and FY2026 Outlook