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

Nintendo – Time to Start Buying Again if You Are a Long-Term Investor

Sony – How Much Is a Funny Moustache Worth?

Nintendo – Worth Bottom Fishing Since It Is Oversold but Not Yet a True Buy

Nintendo – Can Metroid Dread Hit the 10m Unit Mark

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

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>Nintendo results missed consensus by 15% at the revenue level and 17% at the OP level and downgraded Switch unit guidance to 24m as “previewed” by the Nikkei previously. There was a small upgrade to guidance but given the cheap valuations for the stock we are most interested in how the market reacts to this somewhat ambiguous result.</p>

Nintendo results missed consensus by 15% at the revenue level and 17% at the OP level and downgraded Switch unit guidance to 24m as “previewed” by the Nikkei previously. There was a small upgrade to guidance but given the cheap valuations for the stock we are most interested in how the market reacts to this somewhat ambiguous result.

Nintendo – A Miss, but Is This the Peak of Negative Sentiment?