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

Kadokawa – Rather Than Waste Time Considering a Sony Buyout of Square Enix Look at This Instead

Sony – EV Partnership Is Excellent for Sony but Highlights Honda’s Struggles

Kadokawa – 12m Unit Sales and the Prospect of Live Service

Sony Tactical Long with Sell Overhang to Re Set at High Conviction Support

TOPIX-Nikkei Skew Trade Starting to Work Nicely

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

<ul>
<li>Sony had a busy 18th Feb as both the Uncharted movie and Horizon Forbidden West launched. </li>
<li>Uncharted has done reasonably well though not to the extent we believed likely while the Horizon franchise could be on the way to truly elite status. </li>
<li>We look for both releases to contribute to a strong 4Q along with Gran Turismo 7.</li>
</ul>


Sony had a busy 18th Feb as both the Uncharted movie and Horizon Forbidden West launched. 
Uncharted has done reasonably well though not to the extent we believed likely while the Horizon franchise could be on the way to truly elite status. 
We look for both releases to contribute to a strong 4Q along with Gran Turismo 7.


Sony – Uncharted and Horizon Forbidden West Start Well

Sony Corp

Sony – Uncharted and Horizon Forbidden West Start Well