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

SMC (6273 JP): Investing for the Long Term

SMC (6273 JP): Share Price Chasing Orders Up

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>SMC's stock price dropped 25% on extreme disappointment with management's guidance for FY Mar-27 and its response to the operating environment facing the company.</li>
<li>FY Mar-26 results were above guidance and expectations that they would be had taken the stock up 45% since March 31. So it was also set up for profit taking. </li>
<li>SMC found support last week, rising 2.3% on Friday to ¥66,270, or 24.6X management's EPS guidance for FY Mar-27.</li>
</ul>


SMC's stock price dropped 25% on extreme disappointment with management's guidance for FY Mar-27 and its response to the operating environment facing the company.
FY Mar-26 results were above guidance and expectations that they would be had taken the stock up 45% since March 31. So it was also set up for profit taking. 
SMC found support last week, rising 2.3% on Friday to ¥66,270, or 24.6X management's EPS guidance for FY Mar-27.


SMC (6273 JP): Disappointment Now in the Price

SMC Corp

SMC (6273 JP): Disappointment Now in the Price