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

Nidec – Small Precision Motors and Automotive Concerning

Nidec (6594 JP) | The Second Coming of Nagamori

Nidec – Machinery and Appliance, Commercial and Industry Segments Rolling Over

Nidec (6594 JP): Robot Gear Expansion to Put Pressure on HDS (6324 JP)

Gravity Works As WeWork Doesn't; Now Plan B

Harmonic Drive Systems (6324 JP): Consider the Competition

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

<ul>
<li>Consensus expectations for Nidec have drifted towards more reasonable levels in the last few months and a guidance miss is now baked in. </li>
<li>However, our data analysis suggests that while revenue may exceed consensus expectations OP could miss. </li>
<li>Guidance on the other hand could be strong, but with multiples elevated that does not mean there is upside risk here.</li>
</ul>


Consensus expectations for Nidec have drifted towards more reasonable levels in the last few months and a guidance miss is now baked in. 
However, our data analysis suggests that while revenue may exceed consensus expectations OP could miss. 
Guidance on the other hand could be strong, but with multiples elevated that does not mean there is upside risk here.


Nidec – Weakness Should Be Understood but Downside Risk at Earnings Remains

Nidec Corp

Nidec – Weakness Should Be Understood but Downside Risk at Earnings Remains