Japan/Asia Long-Short, LightStream Research

Mio Kato

Japan/Asia Long-Short

Japanese and Asian equity long/short strategies

Uzabase

Specialising in Japanese and Asian equity long/short strategies with a focus on rigorous, but targeted quantitative analysis to temper evaluations of company strategy, potential and vision. At Uzabase, our team of analysts provides coverage of industry dynamics with a local Asian flavour on Speeda, our financial information platform. Going forward we are aiming to channel our focus toward thematic research on emerging industries and company research.

Equity Bottom-Up

Harmonic Drive Systems / Equity Bottom-Up

<p class="ember-tether-target ember-tether-element-attached-top ember-tether-element-attached-left ember-tether-target-attached-top ember-tether-target-attached-right ember-tether-enabled">Harmonic Drive Systems (HDSI) is uniquely positioned to leverage  potential rapid diffusion in cobots thanks to its light-weight and compact speed reduction gears, which could see very high adoption rates in the segment. Due to the highly complementary characteristics of its products in relation to cobots, the company may be one of the best or THE best play on the theme. As a result valuations are demanding with trailing PE above 60x. We examine the potential development of the robot and cobot markets to assess how reasonable such a multiple is given the highly attractive positioning of the company's products and the cobot market in general.</p>

Harmonic Drive Systems (HDSI) is uniquely positioned to leverage  potential rapid diffusion in cobots thanks to its light-weight and compact speed reduction gears, which could see very high adoption rates in the segment. Due to the highly complementary characteristics of its products in relation to cobots, the company may be one of the best or THE best play on the theme. As a result valuations are demanding with trailing PE above 60x. We examine the potential development of the robot and cobot markets to assess how reasonable such a multiple is given the highly attractive positioning of the company's products and the cobot market in general.

Japan Small Cap Tour: Harmonic Drive Systems THE Purest Cobot Play?

<p>Tsubakimoto Chain (6371 JP) is a quality small cap with global leadership in chain manufacturing based on exceptional R&amp;D and product quality control/improvement. Trading on reasonable multiples (12x PE, 4.9X EV/EBITDA), the company is an attractive long-term investment opportunity thanks to its expanding geographical coverage, and expanding customer penetration and product lineup.</p>

Tsubakimoto Chain (6371 JP) is a quality small cap with global leadership in chain manufacturing based on exceptional R&amp;D and product quality control/improvement. Trading on reasonable multiples (12x PE, 4.9X EV/EBITDA), the company is an attractive long-term investment opportunity thanks to its expanding geographical coverage, and expanding customer penetration and product lineup.

Tsubakimoto Chain: Quality Small Cap Dominates Timing Chain Market

Japan

Nabtesco Corporation manufactures Aircraft and Hydraulic products, Precision equipment, and transportation equipment. The Company's products include landing gear system for aircrafts, railroad vehicle brake system, and precision reduction gears for industrial robots.

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Nabtesco (6268 JP)

Japan Small Cap Tour: Harmonic Drive Systems THE Purest Cobot Play?

Harmonic Drive Systems (HDSI) is uniquely positioned to leverage potential rapid diffusion in cobots thanks to its light-weight and compact speed...

Mio Kato

Tsubakimoto Chain: Quality Small Cap Dominates Timing Chain Market

Tsubakimoto Chain (6371 JP) is a quality small cap with global leadership in chain manufacturing based on exceptional R&D and product quality...

Mio Kato

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