Senior Technology Analyst, Japanese Equities, LightStream Research

Scott Foster

Securities analyst covering electronics, precision equipment & robotics, engineering, construction, transport and other sectors for more than 25 years in Japan and 3 years in Korea. Permanent resident of Japan.

Senior Technology Analyst, Japanese Equities

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.

Equity Bottom-Up

<ul>
<li>The market has discounted and moved beyond Nikon's write-down of the value of its additive manufacturing subsidiary Nikon SLM Solutions.</li>
<li>Orders for 3D metal printers for HII's Newport News naval shipyard signal a new growth opportunity for Nikon's Digital Manufacturing business. </li>
<li>The investment in Trener Robotics is the next step in the development of Nikon's Digital Manufacturing business. </li>
</ul>


The market has discounted and moved beyond Nikon's write-down of the value of its additive manufacturing subsidiary Nikon SLM Solutions.
Orders for 3D metal printers for HII's Newport News naval shipyard signal a new growth opportunity for Nikon's Digital Manufacturing business. 
The investment in Trener Robotics is the next step in the development of Nikon's Digital Manufacturing business. 


Nikon (7731 JP): New Defense Business Beyond the Write-Down

Nikon Corp

Nikon (7731 JP): New Defense Business Beyond the Write-Down