Lawson Inc

Lawson: Fuelled up and Ready To Go

Equity Bottom-Up
212 Views, 10 Jan 2022 19:19
EXECUTIVE SUMMARY
  • 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.
detail (4-minute read)
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Oshadhi Kumarasiri
Equity Analyst
LightStream Research
JapanEquity Bottom-UpEquity Capital Markets

An equity research analyst with over 7 years of experience in multiple sectors. Previously worked for one of the world's... 

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