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  "documentTitle": "Lasertec Corporation (6920)",
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  "authorName": "Scorpion Capital",
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      "text": "「粗利益率を守りたいために、貸借対照表で在庫に対して引当金を設けず、減損処理を行わないこと。残念ながらこの分野ではよく見ることです。能動的な利益操作です。」",
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      "text": "Marvel executive claims Lasertec inventory has little value; KLA executive notes product defects and order delays; Intel and TSMC order issues; gross margin drop from 56% to 36% linked to light source replacement costs.",
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      "text": "第7部 最近、レーザーテックの本社を訪問した企業の幹部たちは、滞留している完成品の在庫を目撃したと語る（続）",
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      "text": "「実に怖い。ヘンです。もしほんとうに10億ドルもの在庫を抱えているならば、それはやばい」 — KLAの元幹部",
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