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

Harmonic Drive Placement: Positive on ST Momentum but Valuation Keep Us Cautious LT

Harmonic Drive Systems Placement - Options Would Be a Much Safer Bet

Harmonic Drive: Revenue Expansion Resumes but What Happens Next Year?

Fanuc's Structural Issues (2): Brother's Speedio Seems to Be Catching up to the Robodrill

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

Fanuc's Structural Issues (1): Is the CNC Business Losing Its Edge?

Update on FY16 Results from Japan Export / Tech Sector - Delivering on Results, Not on Forecasts

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>On July 14th <a href="https://www.smartkarma.com/entities/10238" target="_blank" data-smartkarma-citation="entities:10238:1">Harmonic Drive Systems Inc (6324 JP)</a> (HDS) released order and sales numbers at the parent level, with orders up 179% YoY and 30% QoQ to JPY17,985m. Orders for industrial robots were up 174% YoY and 36% QoQ hitting JPY11,754m. These figures compare with the JPY8,352m in overall sales and JPY4,486m in industrial robot related sales in 1QFY03/18 indicating an extremely strong order environment. The share price reacted positively, rising 6.2% vs. pre-announcement levels and is now up…</p>

On July 14th Harmonic Drive Systems Inc (6324 JP) (HDS) released order and sales numbers at the parent level, with orders up 179% YoY and 30% QoQ to JPY17,985m. Orders for industrial robots were up 174% YoY and 36% QoQ hitting JPY11,754m. These figures compare with the JPY8,352m in overall sales and JPY4,486m in industrial robot related sales in 1QFY03/18 indicating an extremely strong order environment. The share price reacted positively, rising 6.2% vs. pre-announcement levels and is now up…

Harmonic Drive Orders Up 179% YoY; LT Story Still Attractive but Expectations May Be Too High