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

Nintendo – Nintendo Targets AR as Sony Consolidates VR

Nintendo – Reviewing Prospects for a Peak in Light of Bloomberg’s Recent Coverage

After 20yrs, Nikkei 225 Proposes Minor Impact Rule Changes (Nintendo Disappointment?)

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

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>We had previously expected an upgraded Nintendo Switch to feature some form of 4K support through Nvidia’s DLSS technology and for this to rejuvenate hardware sales going into next fiscal year. The announcement of the OLED Switch does not meet this criterion and we thus expect hardware sales to decline going forward, albeit in a gentler fashion than in prior cycles.</p>

We had previously expected an upgraded Nintendo Switch to feature some form of 4K support through Nvidia’s DLSS technology and for this to rejuvenate hardware sales going into next fiscal year. The announcement of the OLED Switch does not meet this criterion and we thus expect hardware sales to decline going forward, albeit in a gentler fashion than in prior cycles.

Nintendo

Nintendo – Busted Catalyst