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  "documentTitle": "Lasertec Corporation (6920)",
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      "text": "Lasertec’s inventory charade is not only brazen but hiding in plain sight – it claims that 100% of its $1.1 billion in inventory is raw materials and work-in-process with 0% finished goods.",
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      "text": "Lasertec’s inventory charade is not only brazen but hiding in plain sight – it claims that 100% of its $1.1 billion in inventory is raw materials and work-in-process with 0% finished goods.",
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      "text": "It appears to be an open secret among Lasertec’s investor relations team that inventory is being misclassified. We hired a local consultant to meet with IR in March 2024 at Lasertec headquarters, who at one point asked “And no finished goods in there, right?” The IR rep replied “No. All work in process.” while smiling with a knowing wink.",
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