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

SCREEN: Moderate ~teens Growth Outlook but the Stock Is Cheap

Screen Holdings (7735 JP): 25%+ Upside Potential

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>FY Mar-25 sales and profit guidance has been raised and new orders are trending up, pointing to continued growth next year. </li>
<li>Supported by investment in AI, foundry and high-bandwidth memory related demand are driving growth for semiconductor production equipment.</li>
<li>Attractively valued at 12x projected earnings with share price bottoming out. Buy for the medium to long term. </li>
</ul>


FY Mar-25 sales and profit guidance has been raised and new orders are trending up, pointing to continued growth next year. 
Supported by investment in AI, foundry and high-bandwidth memory related demand are driving growth for semiconductor production equipment.
Attractively valued at 12x projected earnings with share price bottoming out. Buy for the medium to long term. 


スクリーンホールディングス（7735 JP）：株価は不調、ガイダンスは上方修正

SCREEN Holdings

スクリーンホールディングス（7735 JP）：株価は不調、ガイダンスは上方修正