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 (7974) - Earnings Forecasts⬇︎ Stock Split, Buyback, and HOW TO SELL WELL

Nintendo – A Stock Split And Not Much Else

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

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

Nintendo – Switch Pro Leaks And Implications For Developers

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

<ul>
<li>Nintendo is up 25.2% since we turned genuinely bullish on the name at the end of Nov. </li>
<li>The weakening yen has helped significantly and should lead to a small overshoot on the dividend as well. </li>
<li>However, they just announced a delay of the Breath of the Wild sequel and we think this is a good time to take profit.</li>
</ul>


Nintendo is up 25.2% since we turned genuinely bullish on the name at the end of Nov. 
The weakening yen has helped significantly and should lead to a small overshoot on the dividend as well. 
However, they just announced a delay of the Breath of the Wild sequel and we think this is a good time to take profit.


Nintendo

Nintendo – Take Profit