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'Quantamental' Japan Specialist, LightStream Research

Campbell Gunn

'Quantamental' Japan Specialist

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 Consumer discretionary / Thematic (Sector/Industry)

<div>
<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/146/170/original/2020-07-15_06-47-59.png?1594763291" class="editor-image img-responsive" data-smartkarma-image-id="146170"></figure><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/146/171/original/2020-07-15_06-49-16.png?1594763379" class="editor-image img-responsive" data-smartkarma-image-id="146171"></figure><div class="content-caption">Source • Japan Analytics</div>
<p><strong><a href="https://www.smartkarma.com/entities/izumi-co-ltd" target="_blank" data-smartkarma-citation="entities:13173:1" rel="noopener">Izumi (8273 JP)</a></strong>- General merchandise retailer Izumi saw an unchanged Results Score and slightly improved Forecast/Revision Score as their initial full-year forecast suggests a bottoming out of the margin deterioration of the last seven quarters. The market-implied growth rate is now negative, and with the Relative Price Score more than half that of the 2017 peak, the shares now offer good value if the margin recovery is to continue. </p>
<p style="text-align: center;"><strong>DAILY STATS</strong></p>
</div><hr><div><p style="text-align: center;"><strong>74 Quarterly Results</strong></p></div><div><ul>
<li>
<strong>Results Score:</strong> 23 Positive / 10 Neutral / 41 Negative</li>
<li>
<strong>Average Results Score Change:</strong> -3.4</li>
<li>
<strong>Average % Change in Revenue:</strong> -10.9% Quarter YoY / -2.1% Rolling TTM YoY</li>
<li>
<strong>Average Operating Profit Margin Change: </strong>-2.3ppt</li>
<li>
<strong>Percentage Making Quarterly Losses</strong>: 35%</li>
</ul></div><hr><div><p style="text-align: center;"><br><strong>33 Annual • 10 Interim Forecasts/Revisions</strong></p></div><div><ul>
<li>
<strong>Annual Forecast/Revision Score:</strong> 16 Positive / 4 Neutral / 13 Negative</li>
<li>
<strong>Interim Forecast/Revision Score Change:</strong> 3 Positive / 1 Neutral / 6 Negative</li>
<li>
<strong>Average Forecast/Revision Score Change:</strong> -3.1</li>
</ul></div>


Source • Japan Analytics
Izumi (8273 JP)- General merchandise retailer Izumi saw an unchanged Results Score and slightly improved Forecast/Revision Score as their initial full-year forecast suggests a bottoming out of the margin deterioration of the last seven quarters. The market-implied growth rate is now negative, and with the Relative Price Score more than half that of the 2017 peak, the shares now offer good value if the margin recovery is to continue. 
DAILY STATS
74 Quarterly Results

Results Score: 23 Positive / 10 Neutral / 41 Negative

Average Results Score Change: -3.4

Average % Change in Revenue: -10.9% Quarter YoY / -2.1% Rolling TTM YoY

Average Operating Profit Margin Change: -2.3ppt

Percentage Making Quarterly Losses: 35%
 33 Annual • 10 Interim Forecasts/Revisions

Annual Forecast/Revision Score: 16 Positive / 4 Neutral / 13 Negative

Interim Forecast/Revision Score Change: 3 Positive / 1 Neutral / 6 Negative

Average Forecast/Revision Score Change: -3.1


create restaurants holdings inc. (3387 JP)

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