Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

HK Type 4 license through Ballingal Investment Advisors Ltd. ("BIA" or "BIAL")

BACKGROUND
I have 20+yrs experience in Asia doing alternative strategies (i.e. non-delta1 non long-only) in fixed income, equity derivatives, and activist/catalyst/event-driven and long-short equity strategies with most of that time spent managing money. 

4 years in fixed income macro, 8 years running internal hedge fund and 4yrs investment banking at Citi in Japan, 3 years running an Asia multi-strat portfolio at a hedge fund, 4+yrs as an independent special situations analyst.

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>
<strong>Fujitsu <a href="https://pr.fujitsu.com/jp/ir/finance/2024/pdf/en/01.pdf" target="_blank" rel="noopener">Earnings</a></strong>. Revenues +2.1%, OP +77.5%, Pretax +65.1%, Net -13.0% (basis effect from FY23 one-offs). Forecast? Revs -2.8%, OP/adj +35.8%/+17.2%, Net/adj +77.4%/+3.7%. All guided measures shy vs the Street consensus.</li>
<li>The company presented a progress update on its <a href="https://pr.fujitsu.com/jp/ir/finance/2024/pdf/en/md.pdf" target="_blank" rel="noopener">Medium-Term Management Plan</a>. Core profits are better. Things are improving. </li>
<li>The company also <a href="https://pr.fujitsu.com/jp/news/2025/04/en/24-2.pdf" target="_blank" rel="noopener">announced</a> a big 11-month ¥170bn buyback. Last year's was ¥180bn (completed 24 March). Worth checking out the details (and our brand-new buyback tool)</li>
</ul>



Fujitsu Earnings. Revenues +2.1%, OP +77.5%, Pretax +65.1%, Net -13.0% (basis effect from FY23 one-offs). Forecast? Revs -2.8%, OP/adj +35.8%/+17.2%, Net/adj +77.4%/+3.7%. All guided measures shy vs the Street consensus.
The company presented a progress update on its Medium-Term Management Plan. Core profits are better. Things are improving. 
The company also announced a big 11-month ¥170bn buyback. Last year's was ¥180bn (completed 24 March). Worth checking out the details (and our brand-new buyback tool)


富士通（6702） - 業績・ガイダンスは良好、利益率は改善、しかしQuiddityの自社株買いデータツールが新しく登場🥳

Fujitsu Ltd

富士通（6702） - 業績・ガイダンスは良好、利益率は改善、しかしQuiddityの自社株買いデータツールが新しく登場🥳