{ "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "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": 52, "pageCount": 334, "prevPage": 51, "nextPage": 53, "slideType": "expose_contradiction", "function": "expose_contradiction", "density": "dense", "nDataPoints": 12, "notes": "The slide uses two charts to contrast conflicting analyst reports, illustrating the uncertainty in Lasertec's revenue composition.", "elementsJson": [ "paragraph", "bar_chart_stacked", "line_chart", "footnote" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/52", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16.json", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-52", "components": [ { "bbox": { "x": 0.11, "y": 0.36 }, "kind": "callout", "text": "深紫外線装置が2024年まで売上高の半分以上を占める", "attrs": null, "subkind": "primary", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "57c0fdf9-413a-4af4-9fef-ba7d7c83a9d1", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "x": 0.54, "y": 0.31 }, "kind": "callout", "text": "極端紫外線装置が売上高の大半を占める", "attrs": null, "subkind": "primary", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "6ec1336f-1267-4fe8-9f34-430de4ad4d03", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "callout", "text": "その迷走ぶりは見事なもので、各アナリストによって極端紫外線の比重の推定は大きく異なる。", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd953-203d-768d-bb04-566308fde974", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "x": 0.07, "y": 0.26 }, "kind": "chart", "text": "Figure 14: Sales of semiconductor-related equipment by type", "attrs": null, "subkind": "bar-stacked", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "39d355b2-4fa7-4fa7-b910-e43ad4455a9e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "x": 0.51, "y": 0.26 }, "kind": "chart", "text": "Figure 11. Lasertec sales (¥bn) and Gartner equipment value estimate ($mn)", "attrs": null, "subkind": "bar-vertical", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "8ac96da8-0fc3-432c-a8a9-b76fb13ff71b", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "metric", "text": "EUV revenue contribution", "attrs": null, "subkind": "primary", "toolName": "Quantification", "toolSlug": "quantification", "confidence": null, "componentId": "019dd953-203d-768d-bb04-5d3d3f06435d", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "x": 0.07, "y": 0.06 }, "kind": "paragraph", "text": "極端紫外線装置がレーザーテックの売上高に占める比重について、情報が公開されていないため、証券アナリストは模索する。その迷走ぶりは見事なもので、各アナリストによって極端紫外線の比重の推定は大きく異なる。", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "7ca40a3e-00b0-4d3d-9ae5-ce97d12004b7", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "UBSの2024年1月18日付けのレポート（抜粋） — UBS; シティグループのの2023年12月21日付けのレポート（抜粋） — Citi Research", "attrs": null, "subkind": null, "toolName": "Authority citation", "toolSlug": "authority-citation", "confidence": null, "componentId": "019dd953-203d-768d-bb04-5bd0f2a8dfea", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "x": 0.07, "y": 0.67 }, "kind": "source-note", "text": "Source: UBS estimates based on company data", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "9d77d806-c0b6-4f45-81bb-c5caa18c49b2", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "x": 0.07, "y": 0.91 }, "kind": "source-note", "text": "出典: UBS Initiation of Coverage “Lasertec Corporaton Aiming to Protect the Dominance of ACTIS,” Jan 18, 2024, p.11; Citi Research “Lasertec (6920.T) Expecting High Growth to Continue But Downgrading to Neutral,” Dec 21, 2023, p.8", "attrs": { "numbered": true }, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "bee893e8-943e-4214-8f05-ba7ac6748b47", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [ { "name": "expose_contradiction", "slug": null, "matchId": "42ace814-7ded-4031-b7f4-d3fb791d12cf", "evidence": "Contrasting two different analyst reports on the same metric to show market uncertainty.", "confidence": 0.9 } ], "arcBeats": [ { "to": 60, "from": 31, "beatId": "a76b2e37-65ed-4001-9d9b-d869d169191e", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Technical issues with Lasertec's products", "beatSlug": "overcoming-monster-the-struggle", "evidence": "The deck highlights several technical problems with Lasertec's products.", "position": 2, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "loops": [ { "to": 80, "from": 50, "name": "The Reveal", "slug": "05-the-reveal", "bestFor": "Product launches, strategic pivots, unexpected findings", "matchId": "9a2dcd01-85f5-4466-8256-4cc55854d4b5", "evidence": "The deck provides detailed information on technical problems.", "position": 1, "objective": "To expose technical issues with Lasertec's products", "structure": "Setup the Question -> Build Suspense -> The Big Reveal", "confidence": 0.6, "description": "Build mystery and anticipation, then deliver a surprising or powerful conclusion" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }