Lawson Inc Watchlist
Lawson: Fuelled up and Ready To Go
212 Views, 10 Jan 2022 19:19
Lawson Inc (2651 JP) released rather disappointing 3QFY22 results last week with revenue and OP falling short of consensus by 4.5% and 22.2% respectively.
- Lower than expected profitability is driven by Lawson’s heavy upfront investments on future growth.
- With consensus unjustly penalising Lawson for growth investments, we think that there’s around ¥10.0bn upside to FY+2 consensus OP of Lawson.