'Quantamental' Japan Specialist, LightStream Research

Campbell Gunn

Former Japan Equity PM with over 30 of experience now providing database-driven analysis of the market, sectors, peer groups and stocks for LightStream Research.

Leveraging data and graphic analysis provided by Japan Analytics, and the related Japan Analytics iPad App, we provide insights on companies are often ignored by the sell-side as well as challenging conventional wisdom on the market overall.

'Quantamental' Japan Specialist

🇯🇵 JAPAN • Results & Revisions 09/​​04 - (It's A) Tea Life, Kanamoto(& Nagawa), HI-LEX, SoftServ

🇯🇵 JAPAN • Results & Revisions 09/​​​07 - A Tale of 'Two Foods' & Funeral Photos

🇯🇵 JAPAN • Results & Revisions 09/​​​​08 - Net Positive, Stream, OSG, Subaru Ent., Beenos

🇯🇵 JAPAN • Results & Revisions 09/01 - Ito En, Ain, Ride On Express

Gravity Works As WeWork Doesn't; Now Plan B

🇯🇵 JAPAN • Results & Revisions 14th August -  Damn the Torpedoes

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 Industrials / Thematic (Sector/Industry)

<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/156/916/original/2020-09-04_05-58-35.png?1599166728" class="editor-image img-responsive" data-smartkarma-image-id="156916"></figure>
<div class="content-caption">Source for all charts: Japan Analytics</div>
<p><strong>(FAR FROM ROCKY) RACOON</strong> - E-commerce platform <a href="https://www.smartkarma.com/entities/raccoon-holdings-inc" target="_blank" data-smartkarma-citation="entities:4223:1" rel="noopener">Raccoon (3031 JP)</a> produced the best results and revised up for the full-year, earning a maximum positive Forecast/Revision Score. The forward valuation is now a more reasonable 20x EV/OP and a new Relative Price Score high is likely. The other four results all scored negatively, although 5G play <a href="https://www.smartkarma.com/entities/artiza-networks-inc" target="_blank" data-smartkarma-citation="entities:1644:1" rel="noopener">Artiza Networks (6778 JP)</a>'s initial full-year forecasts imply a better FY2021 for the company.</p>


Source for all charts: Japan Analytics
(FAR FROM ROCKY) RACOON - E-commerce platform Raccoon (3031 JP) produced the best results and revised up for the full-year, earning a maximum positive Forecast/Revision Score. The forward valuation is now a more reasonable 20x EV/OP and a new Relative Price Score high is likely. The other four results all scored negatively, although 5G play Artiza Networks (6778 JP)'s initial full-year forecasts imply a better FY2021 for the company.

🇯🇵 JAPAN • Results & Revisions 09/​03 - (Far From Rocky) Raccoon, Rock Field & Artiza Networks

🇯🇵 JAPAN • Results & Revisions 09/​03 - (Far From Rocky) Raccoon, Rock Field & Artiza Networks

🇯🇵 JAPAN • Results & Revisions 09/03 - (Far From Rocky) Raccoon, Rock Field & Artiza Networks