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Valens Research

UAFRS vs As Reported Weekly Highlights - Asia - 2020 01 17

This week, Valens identified distortions and the corresponding adjustments to correct for those distortions for 4768:JPN, 603501:CHN, and 3008:TAI.
Underlyings
LARGAN Precision Co. Ltd.

Largan Precision is engaged in the design, research, development, manufacture and sale of optical lens, camera projector, field glasses, microscope, scanner, viewfinders, camera lens module, mobile phone lens, object lens, mouse lens, digital camera and related spare parts; and the provision of after sales services.

Otsuka Corporation

Otsuka is an independent vendor of information technology ("IT")-related products. Along with its subsidiaries and associated companies, Co. operates in two business segments. The System Integration segment is engaged in the provision of system consulting, hardware and software sales, software development, equipment installation work, network construction, and related services. The Service and Support segment is engaged in the provision of total services for office supplies, hardware and software maintenance services, and telephone support and outsourcing services. In addition, Co., through its subsidiaries, is engaged in the repair of automobiles and the insurance agency business.

Will Semiconductor Ltd. Class A

Will Semiconductor Co., Ltd. Shanghai is a China-based company principally engaged in the research and development, design and sales of semiconductor devices. The Company's main businesses include the research and development and design of semiconductors, as well as the distribution of semiconductor products. The Company's products mainly include semiconductor discrete devices, power management integrated circuits (IC), transient voltage suppressers (TVS), metal-oxide-semiconductor field-effect transistors (MOSFET), schottky diodes, as well as the passive components such as resistances, capacitances and inductances. The Company's products are primarily applied in mobile communication, vehicle-mounted electronics, security, internet communication and household appliances, among others.

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Valens Research

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  • GAAP and IFRS have failed to provide rules for reliable financial statement reporting
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