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 – Catalysts to Support the Stock for the Next Year

Monster Hunter – Catalyst for Capcom, Start of 3rd Party Wave for Nintendo

Smartkarma Webinar | Nintendo: What's Next?

Nintendo – Pay Attention to NVIDIA and DLSS as Well as Switch Momentum and Pokemon

Nintendo – Deftly Animal Crossing Over the COVID Trap

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 Nintendoed 1Q results as they vastly exceeded consensus OP estimates of ¥64.6bn with a ¥144.7bn print… and then left FY guidance of ¥300bn in OP unchanged. They of course also left FY Switch hardware targets at 19m units, down 9.6% YoY despite selling 5.68m units (+166.6% YoY) in the non-holiday period first quarter. A quarter when they were by all accounts production constrained.</p>

Nintendo Nintendoed 1Q results as they vastly exceeded consensus OP estimates of ¥64.6bn with a ¥144.7bn print… and then left FY guidance of ¥300bn in OP unchanged. They of course also left FY Switch hardware targets at 19m units, down 9.6% YoY despite selling 5.68m units (+166.6% YoY) in the non-holiday period first quarter. A quarter when they were by all accounts production constrained.

Nintendo

Nintendo – Super Duper Mario