Equity Analyst, LightStream Research

Shifara Samsudeen, FCMA, CGMA

A chartered management accountant with more than 10 years of rich experience in investment research and financial analysis. Worked as an equity analyst for one of the world's largest asset managers with USD2.5trn in AUM covering numerous sectors including chemicals, retail, tech, autos, telco, real-estate and banks, globally. Experienced in fundamental equity research, industry research, commodity studies, forensic accounting, and due diligence reviews.

Equity Analyst

Recruit Holdings: 1Q Earnings Is No Surprise but More Downside Ahead

CyberAgent: Newly Released Games Drive Growth with an Upward Revision to Guidance

2025 High Conviction - Freee: 4Q Setback Is Only Temporary

Shift: Shift in Recruitment Policy Supports Margin Recovery; Further Upside

Timee: Recent Setback in Share Price Offers an Attractive Entry Point

High Conviction 2025 - Freee: Robust Business Model Supports Stable Margins; Further Upside Ahead

Recruit: Weakening Labour Markets and More Downside Ahead

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>
<a href="https://www.smartkarma.com/entities/timee-inc" target="_blank" data-smartkarma-citation="entities:43690:1" rel="noopener">Timee Inc (215A JP)</a>  reported 2QFY10/2025 results on Thursday, 12th June. Revenues fell below consensus while OP beat consensus by a huge margin despite 2Q being a seasonally weak quarter.</li>
<li>Top line was hit by unauthorized use of services which forced Timee to strengthen counter measures. End of client fiscal year in food industry also contributed to the decline.</li>
<li>There are signs of recovery and the company’s share price moved up 7% on Friday on the back of strengthening profitability.</li>
</ul>



Timee Inc (215A JP)  reported 2QFY10/2025 results on Thursday, 12th June. Revenues fell below consensus while OP beat consensus by a huge margin despite 2Q being a seasonally weak quarter.
Top line was hit by unauthorized use of services which forced Timee to strengthen counter measures. End of client fiscal year in food industry also contributed to the decline.
There are signs of recovery and the company’s share price moved up 7% on Friday on the back of strengthening profitability.


タイミー第2四半期決算：収益の減少は一時的なもの