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 – Developed Market Deceleration Striking

🇯🇵 JAPAN • Results & Revisions 10th July - Small Change

🇯🇵 JAPAN • Results & Revisions 13th July

Yaskawa – First Peek at FA Earnings Cycle Suggests Recovery but One Which Won’t Justify Valuations

Yaskawa: Stuttering Recovery and Weak Robotics Margin Spur Large Downgrade

🇯🇵 JAPAN MARKET (& COVID-19) UPDATE - 12th April • To Each Their Own

🇯🇵 JAPAN • Revisions & Results 9th April - Communication Breakdown

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>Yaskawa Electric will report 1QFY03/21 earnings on Fri the 10<sup>th</sup> of Jul kicking off earnings season for the factory automation sector as usual. The sector has been a high-flyer in the recent market rally. Yaskawa itself is up almost 9% in four trading sessions pointing to high market expectations. LSR has been experimenting with data-driven forecasting of company results and we continue this below.</p>

Yaskawa Electric will report 1QFY03/21 earnings on Fri the 10th of Jul kicking off earnings season for the factory automation sector as usual. The sector has been a high-flyer in the recent market rally. Yaskawa itself is up almost 9% in four trading sessions pointing to high market expectations. LSR has been experimenting with data-driven forecasting of company results and we continue this below.

Yaskawa – Previewing 1Q Earnings With Data Analysis