{
  "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": 59,
  "pageCount": 334,
  "prevPage": 58,
  "nextPage": 60,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "balanced",
  "nDataPoints": 0,
  "notes": "The slide uses a quote from KLA's CFO to undermine Lasertec's narrative.",
  "elementsJson": [
    "paragraph",
    "quote_block",
    "photo",
    "footnote"
  ],
  "metadataConfidence": 0.95,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/59",
  "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-59",
  "components": [
    {
      "bbox": {
        "h": 0.15,
        "w": 0.86,
        "x": 0.07,
        "y": 0.29
      },
      "kind": "callout",
      "text": "2023年3月 モルガン・スタンレー主催のシンポジウムにてKLAのブレン・ヒギンズ財務最高責任者の発言: 「極端紫外線の領域でいえば、レチクルの90%以上は当社の装置を通っています。」",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bd370f91-2dfe-4946-9a84-3126d3043bfe",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "callout",
      "text": "レーザーテックは、陳腐化した深紫外線装置を「極端紫外線関連」として宣伝している。しかし、実は、レーザーテックの深紫外線事業は、同社の極端紫外線事業と同様に致命的だ。",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-203d-768d-bb04-cd2e9829b658",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.5,
        "x": 0.07,
        "y": 0.89
      },
      "kind": "disclaimer",
      "text": "出典: スコーピオン・キャピタルによる推定及び分析, S&P Capital IQによるデータ",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "121f3302-ed37-4ee9-b856-1eae7230498a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.36,
        "x": 0.07,
        "y": 0.48
      },
      "kind": "image",
      "text": "KLA Teron SL670e and SL670e XP equipment",
      "attrs": null,
      "subkind": "photo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a637d2ce-ebb0-468b-a57c-0e2059b40f7b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.22,
        "w": 0.86,
        "x": 0.07,
        "y": 0.06
      },
      "kind": "paragraph",
      "text": "Lasertec is misrepresenting its obsolete DUV equipment as 'EUV-related'. KLA already dominates the mask inspection market with its Teron series. KLA's CFO confirms that 90% of reticles pass through their equipment.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d0dac768-d972-423a-a4eb-3faabda33c09",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "「極端紫外線の領域でいえば、レチクルの90%以上は当社の装置を通っています」 — ブレン・ヒギンズ (KLA CFO)",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd953-203d-768d-bb04-d2fb650ad3f4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.48,
        "x": 0.45,
        "y": 0.48
      },
      "kind": "title",
      "text": "Teron™ SL670e and Teron™ SL670e XP: EUV Reticle Quality Control",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3aa08367-0fd9-4016-99ea-f9563afc6d44",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "ceo-quote-contradiction",
      "slug": null,
      "matchId": "ca3d5b13-d54a-4b7e-b0f6-ba43390b451f",
      "evidence": "Uses a direct quote from a competitor's CFO to invalidate the subject's market claims.",
      "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
}