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

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

Nikkei July Bear Target Where the Bull Cycle Resumes

Kospi Index - Emerging Concerns Beneath the Surface

Nintendo – Nintendo Targets AR as Sony Consolidates VR

Nintendo – DLSS Developments Have Implications for Switch “Pro”

Nintendo – Direct Points to Improving Third Party Support and Holiday Launch for New Switch

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

Sony – Time to Add to Our 2021 Conviction Call as They Acquire Fighting Game Tournament Evo

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>Bloomberg has reported on a number of developments for Nintendo and the Switch recently. It has highlighted the <a href="https://www.bloomberg.com/news/articles/2021-03-04/nintendo-plans-switch-model-with-bigger-samsung-oled-display" target="_blank" rel="noopener">procurement of OLED panels from Samsung</a>, the <a href="https://www.bloomberg.com/news/articles/2021-03-23/nintendo-to-use-new-nvidia-graphics-chip-in-2021-switch-upgrade" target="_blank" rel="noopener">implementation of DLSS in the new “Switch Pro”</a> (which we flagged in <a href="https://www.smartkarma.com/insights/nintendo-pay-attention-to-nvidia-and-dlss-as-well-as-switch-momentum-and-pokemon" target="_blank" rel="noopener">Jun last year</a>) and that <a href="https://www.bloomberg.com/news/articles/2021-03-15/nintendo-is-said-to-target-record-year-in-switch-game-sales" target="_blank" rel="noopener">Nintendo is targeting positive growth for HW and SW next year</a>.</p>

Bloomberg has reported on a number of developments for Nintendo and the Switch recently. It has highlighted the procurement of OLED panels from Samsung, the implementation of DLSS in the new “Switch Pro” (which we flagged in Jun last year) and that Nintendo is targeting positive growth for HW and SW next year.

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