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

🇯🇵 JAPAN • Results & Revisions 10/​​​​​​​​​​​​​​​​​26 Nidec, Canon, OBIC, Koei Tecmo, Nitto Denko

🇯🇵 JAPAN • Results & Revisions 10/​​​​​​​​​​​​​​​​​​27 Online Brokers, Hoya, Shin-Etsu, Fujitsu..

🇯🇵 JAPAN • Results & Revisions 10/​​​​​​​​​​​​​​​​​​​28 - Ibiden, Sony, Komatsu, Kao, Toyo Suisan

Tokyo Game Show – Capcom and Koei-Tecmo Presentations Look Good for Themselves and for Nintendo

Koei Tecmo – Two New Sangokushi Games on Deck

Koei Tecmo – The Market Is Sleeping on the Zelda Musou Nintendo Tie-Up for Switch but Shouldn’t

Monster Hunter – Catalyst for Capcom, Start of 3rd Party Wave for Nintendo

Nintendo – Catalysts to Support the Stock for the Next Year

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>Koei Tecmo Holdings is up 95% since we first initiated on it touting the strength of Sangokushi Senryakuban in China. Since then, news flow and developments have been positive for both the company and the industry. Just announced 2Q results were good, if not especially surprising, but guidance was strong, and an upcoming split and implied dividend hike are all positive. But these are not the reasons why we believe this remains a highly attractive name.</p>

Koei Tecmo Holdings is up 95% since we first initiated on it touting the strength of Sangokushi Senryakuban in China. Since then, news flow and developments have been positive for both the company and the industry. Just announced 2Q results were good, if not especially surprising, but guidance was strong, and an upcoming split and implied dividend hike are all positive. But these are not the reasons why we believe this remains a highly attractive name.

Koei-Tecmo – Up 107% in a Year, Yet Not Too Late to Own