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

Yaskawa 3Q Earnings Decent but Confirm China Deceleration; Growth Next Year Could Be Underwhelming

Increasingly Positive on Robots and Inverters, Hoping for a Servomotor Hiccup to Buy on a Dip

We Like to Think of Ourselves as the Biggest Bulls on Yaskawa But...

Yaskawa: Still Like the LT Prospects but It's Finally Time to Exit (For Now)

If You Like Robotics but Find Current Conditions Frothy, Nabtesco Is a Great, Not Good, Compromise

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>We visited Yaskawa Electric's robotics factory in Nakama, Fukuoka on the 20th of December to attend a factory tour for analysts. Factory 3 at Nakama focuses on the final assembly of industrial robots with a payload of more than 50kg and handles spot welding, painting, handling and palletising robots. The facility is divided into a parts/inventory centre, 4 assembly lines, testing area, painting area, dressing &amp; final testing area and shipment area.The facility has a capacity of about 900 units…</p>

We visited Yaskawa Electric's robotics factory in Nakama, Fukuoka on the 20th of December to attend a factory tour for analysts. Factory 3 at Nakama focuses on the final assembly of industrial robots with a payload of more than 50kg and handles spot welding, painting, handling and palletising robots. The facility is divided into a parts/inventory centre, 4 assembly lines, testing area, painting area, dressing &amp; final testing area and shipment area.The facility has a capacity of about 900 units…

Visiting Yaskawa's Fukuoka Medium/Large Robot Factory