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

Sony – How Much Is a Funny Moustache Worth?

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

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

<ul>
<li>We have been skittish to turn genuinely bullish on Nintendo since early July. </li>
<li>While we have called the stock oversold several times since then we did not feel it was ready to really begin a strong rally. </li>
<li>We are still not certain it is, but valuations are cheap enough that we are more focused on what could be a spectacular pipeline for 2022 than on downside risks.</li>
</ul>


We have been skittish to turn genuinely bullish on Nintendo since early July. 
While we have called the stock oversold several times since then we did not feel it was ready to really begin a strong rally. 
We are still not certain it is, but valuations are cheap enough that we are more focused on what could be a spectacular pipeline for 2022 than on downside risks.


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