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  "docSlug": "9abaa7a9bbfc",
  "documentTitle": "Lasertec Corporation (6920)",
  "authorId": "58_Scorpion_Capital",
  "authorName": "Scorpion Capital",
  "documentKindSlug": "activist-deck",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2024-06-05 00:00:00",
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  "pageNumber": 49,
  "pageCount": 334,
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  "nDataPoints": 20,
  "notes": "The slide uses a direct visual comparison of financial charts to highlight a lack of transparency in Lasertec's reporting compared to industry peer ASML.",
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      "kind": "callout",
      "text": "ASMLは四半期ごとに極端紫外線と深紫外線について販売台数について販売台数を開示する。",
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      "text": "物的な製品の売上高の約97%を「半導体関連装置」という項目にまとめている。",
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      "text": "物的な製品の売上の約97%を「半導体関連装置」という項目にまとめている。",
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      "kind": "chart",
      "text": "Lasertec Sales by Product Category",
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      "kind": "chart",
      "text": "ASML Net system sales breakdown",
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      "text": "revenue disclosure transparency",
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      "kind": "paragraph",
      "text": "今はミーム株の時代かもしれない。ミーム株とは、SNSなどで大きく注目が集まり、短期間で急激に株価が上昇した銘柄のことだ。レーザーテックはまさにそうであり、個人投資家をはじめ投資家たちは表向きの情報を素直に信じているため、この会社を極端紫外線のミーム株に位置づけてきた。もはや陳腐化した自社製の深紫外線装置を中心に事業展開をしている会社とも知らずに。",
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      "kind": "source-note",
      "text": "出典: https://ssl4.eir-parts.net/doc/6920/ir_material_for_fiscal_ym5/154541/00.pdf, https://edge.sitecorecloud.io/asmlnetherlaaea-asmlcom-prd-5369/media/project/asmlcom/asmlcom/asml/files/investors/financial-results/q-results/2024/q1/presentation-investor-relations-q1-2024-r3t11w.pdf",
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      "evidence": "Contrasting transparency levels to imply deceptive reporting practices.",
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      "arcName": "Overcoming the Monster",
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