Harmonic Drive – 1Q Guidance for a Small Profit Positive; Still Wildly Overvalued
Harmonic Drive posted 4Q results which were slightly mixed as revenue missed consensus slightly, but the company beat on OP and avoided a loss...
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Keyence – Weakness in China but the US Encourages
Keyence reported FY numbers in line with consensus as OP of ¥277.6bn was marginally above consensus’ ¥277.0bn. Revenue was more encouraging as the...
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Taking Stock of the Almost Excessive Alpha Generation From TOPIX-Nikkei Skew Trades
Since the 17th of March we have published several notes regarding skews in performance between names that have heavy weights in TOPIX vs. those...
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Japan Long Weekend Portfolio Blowout Theme Is Working Quickly
On Thursday we highlighted a number of stock pairs that had seen extreme levels of relative performance dislocations, speculating that this was due...
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What Is Getting Blown Out of Portfolios Before the Long Weekend in Japan?
We previously highlighted the strong skew between names which have a heavy weighting in Topix vs. those which have a heavy weighting in the Nikkei....
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