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

Initiating Coverage of Nabtesco With JPY 3,900 FVE and Wide Moat Rating

If You Like Robotics but Find Current Conditions Frothy, Nabtesco Is a Great, Not Good, Compromise

Yaskawa: Still Like the LT Prospects but It's Finally Time to Exit (For Now)

Nabtesco Visit Affirms Viability of Medium Term Plan and Commitment to Shareholder Returns

Strong FY Guidance Pushes Nabtesco up 6%.

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

<p>Nabtesco released 1Q results with sales up 12.5%, OP up 5.4% and PBT up 47.4% (thanks to strong earnings at Harmonic Drive). Extraordinary profit at Harmonic Drive drove the significant increase in PBT and also led to Nabtesco revising up full year guidance, but only at the PBT and NP levels. The full year plan is for 6.3% sales growth and 10.8% OP growth so OP may look slightly light, but we believe the company is tracking mostly in-line with precision gears, in particular, performing well. The…</p>

Nabtesco released 1Q results with sales up 12.5%, OP up 5.4% and PBT up 47.4% (thanks to strong earnings at Harmonic Drive). Extraordinary profit at Harmonic Drive drove the significant increase in PBT and also led to Nabtesco revising up full year guidance, but only at the PBT and NP levels. The full year plan is for 6.3% sales growth and 10.8% OP growth so OP may look slightly light, but we believe the company is tracking mostly in-line with precision gears, in particular, performing well. The…

Nabtesco 1Q Update: Harmonic Drive Boosts Equity Earnings