{ "docId": "019dd923-622c-750b-8b9a-0f4bec37392f", "docSlug": "f982379e2e48", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 314, "pageCount": 334, "prevPage": 313, "nextPage": 315, "slideType": "expose_contradiction", "function": "expose_contradiction", "density": "overcrowded", "nDataPoints": 0, "notes": "The slide uses highlighting to draw attention to specific phrases about production capacity and facility status.", "elementsJson": [ "paragraph", "quote_block", "footnote" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-0f4bec37392f/314", "deckHref": "/decks/019dd923-622c-750b-8b9a-0f4bec37392f", "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-0f4bec37392f.json", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-0f4bec37392f#slide-314", "components": [ { "bbox": null, "kind": "callout", "text": "Management continued to repeat these claims on the next two earnings calls on Oct 31, 2023, and Jan 31, 2024.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd953-78b7-702e-9620-77ac6f433bee", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.22, "w": 0.86, "x": 0.07, "y": 0.63 }, "kind": "paragraph", "text": "Okabayashi [A]: \"As you mentioned, we acquired property including land and buildings called InnoPa, which has about five times the space of our current headquarters building. The first phase of construction was completed last June, and production began in July. In addition, the second phase of construction started last October, and when completed, it too will contribute to production. In this sense, we are working to increase production capacity [...] We are also expanding our production space and workforce. As for the new InnoPa facility, as I explained earlier, the first phase of construction has already been completed and the equipment is now being assembled and adjusted, and the second phase of construction has started. As such, we are steadily working to increase production capacity.\"", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "486c07e1-4846-43b2-be2a-539eb157886f", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.18, "w": 0.86, "x": 0.07, "y": 0.15 }, "kind": "paragraph", "text": "In October, they suggested that more than one clean room has been installed: \"some clean rooms have been installed.\" In Jan, the CEO stated the park is \"five times the space of our current headquarters\"; that \"production began in July\"; that \"equipment is now being assembled\"; and that the second phase of construction which began in Oct 2023 \"will contribute to production...we are working to increase production capacity...expanding our production space and workforce\"; \"working to increase production capacity.\"", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "aa3a6766-6a56-4428-9e1b-f57f21016fcb", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.86, "x": 0.07, "y": 0.53 }, "kind": "paragraph", "text": "Shibano [Q]: \"..in terms of lead time. I believe you explained that your company is working on expanding capacity, such as with the new InnoPa, and that a clean room was installed during the last fiscal year. I am wondering if the lead time is going to get shorter if you look to the future orders you may have...\"", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "e3fed135-7c10-422f-a5e0-e8abbe44ad04", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.06, "w": 0.86, "x": 0.07, "y": 0.42 }, "kind": "quote", "text": "\"...there was a very large investment in Q1 of last year due to the acquisition of a new base we call InnoPa, but since then, there has not been so much investment, although some clean rooms have been installed.\"", "attrs": null, "subkind": "pull-quote", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "fecd4a6e-4b9e-40c9-8349-0abd2b9e8187", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "“some clean rooms have been installed.” — Lasertec management prepared comments Oct 31, 2023. “As you mentioned, we acquired property including land and buildings called InnoPa, which has about five times the space of our current headquarters building. The first phase of construction was completed last June, and production began in July. In addition, the second phase of construction started last October, and when completed, it too will contribute to production. In this sense, we are working to increase production capacity [...] We are also expanding our production space and workforce. As for the new InnoPa facility, as I explained earlier, the first phase of construction has already been completed and the equipment is now being assembled and adjusted, and the second phase of construction has started. As such, we are steadily working to increase production capacity.” — Okabayashi [A], Lasertec analyst Q&A Jan 31, 2024.", "attrs": null, "subkind": null, "toolName": "Authority citation", "toolSlug": "authority-citation", "confidence": null, "componentId": "019dd953-78b7-702e-9620-7acd53936e09", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.75, "x": 0.07, "y": 0.94 }, "kind": "source-note", "text": "Source: https://ssl4.eir-parts.net/doc/6920/ir_material_for_fiscal_ym5/143545/00.pdf; https://ssl4.eir-parts.net/doc/6920/ir_material_for_fiscal_ym5/149214/00.pdf", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "c9bce138-1adc-4f62-bef2-54d67d941274", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.86, "x": 0.07, "y": 0.07 }, "kind": "title", "text": "Management continued to repeat these claims on the next two earnings calls on Oct 31, 2023, and Jan 31, 2024.", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "8648aa0b-4bee-4e06-adfa-6b99c58550c7", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.45, "x": 0.07, "y": 0.38 }, "kind": "title", "text": "Lasertec management prepared comments Oct 31, 2023", "attrs": null, "subkind": "subtitle", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "834b03ec-9b11-49b2-a4ae-cd450d341010", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.35, "x": 0.07, "y": 0.49 }, "kind": "title", "text": "Lasertec analyst Q&A Jan 31, 2024", "attrs": null, "subkind": "subtitle", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ada13f21-9ab0-4c36-b867-3329a02181fb", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }