Japan/Asia Long-Short, LightStream Research

Mio Kato

Over 15 years analysing Japanese and Asian stocks from a long/short perspective

I focus on cyclically driven sectors such as Gaming, Factory Automation and Autos

An eclectic background as a long-short analyst, upper management at a financial data startup through its listing, and as the founder of a team analysing big/alternative data, all of which supports independent and differentiated views... we hope

An appreciation for Mathematics drives the development of a "Micro-Quantamental" process which can provide a data-driven, historically-informed and semi-automated foundation upon which to layer more qualitative and judgemental analysis, thus improving investment decision-making speed and accuracy

Japan/Asia Long-Short

Capcom – We Are Starting to Think… ¥100bn in OP Is Not Impossible Next Year

Capcom – Looking Good and Better Than It Looks

Capcom – Top Conviction Short Term as Resident Evil Should Drive a Scary Rally

Capcom – Profit Hiding Points to Two Blowout Quarters Upcoming

Gravity Works As WeWork Doesn't; Now Plan B

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Bottom-Up

<p>We have been vocal about expecting some very strong earnings momentum from Capcom over the next two quarters. The stock had been deflating slightly over the last month or so, presumably due to longer-term holders taking some very healthy potential profits. However, it is now up 11.1% since March 18<sup>th</sup> and once again breaking out to new highs. We check in quickly on Monster Hunter Rise below.</p>

We have been vocal about expecting some very strong earnings momentum from Capcom over the next two quarters. The stock had been deflating slightly over the last month or so, presumably due to longer-term holders taking some very healthy potential profits. However, it is now up 11.1% since March 18th and once again breaking out to new highs. We check in quickly on Monster Hunter Rise below.

Capcom – A Quick Update on Our Top Short-Term Pick

Capcom Co Ltd

Capcom – A Quick Update on Our Top Short-Term Pick