Japan/Asia Long-Short, LightStream Research

Mio Kato

Japan/Asia Long-Short

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>Spider-Man: No Way Home appears set to more or less match the opening weekend of Avengers: Infinity War. </li>
<li>This is extremely strong performance especially given lingering pandemic impacts. </li>
<li>It also suggests that our call that the Spider-Man IP would step into the MCU void following Avengers: Endgame is likely correct.</li>
</ul>


Spider-Man: No Way Home appears set to more or less match the opening weekend of Avengers: Infinity War. 
This is extremely strong performance especially given lingering pandemic impacts. 
It also suggests that our call that the Spider-Man IP would step into the MCU void following Avengers: Endgame is likely correct.


<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

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

Independent Leading Corporate Governance Research

Metrical Inc

METRICAL INC. is an independent leading Corporate Governance research firm in Japan where Corporate Governance is increasingly recognized as an important element on corporate management in these days. Thus, CG research and solutions would become an essential component of global capital markets and play important to contribute to transparency of the markets and maximize shareholders’ value in Japan. 

METRICAL INC. provides Corporate Governance research and analysis including rating services, and  also offers investment research and IR services with solutions and customized profound research on CG and IR issues.

On Friday, November 5, I participated in the analyst meeting of Nintendo (7974). I would like to think about corporate governance in relation to the company's leadership, including a report on the meeting.

On Friday, November 5, I participated in the analyst meeting of Nintendo (7974). I would like to think about corporate governance in relation to the company's leadership, including a report on the meeting.

Japan's Governance: Nintendo on Leadership and Corporate Governance (7974)

Nintendo results missed consensus by 15% at the revenue level and 17% at the OP level and downgraded Switch unit guidance to 24m as “previewed” by the Nikkei previously. There was a small upgrade to guidance but given the cheap valuations for the stock we are most interested in how the market reacts to this somewhat ambiguous result.

Nintendo results missed consensus by 15% at the revenue level and 17% at the OP level and downgraded Switch unit guidance to 24m as “previewed” by the Nikkei previously. There was a small upgrade to guidance but given the cheap valuations for the stock we are most interested in how the market reacts to this somewhat ambiguous result.

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

The demo for Monster Hunter Rise’s PC version has dropped and early indications are extremely positive. We were initially treating the PC version as an add-on to “core” Switch sales but even though it is a port we are starting to think volumes could be quite significant.

The demo for Monster Hunter Rise’s PC version has dropped and early indications are extremely positive. We were initially treating the PC version as an add-on to “core” Switch sales but even though it is a port we are starting to think volumes could be quite significant.

Capcom – Monster Hunter Rise for PC Could Be a Pretty Big Deal

Japan

Nintendo Co., Ltd. globally develops, manufactures and sells home-use video game hardware and software in home entertainment business.  The company also produces home-game products including cards.

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Nintendo (7974 JP)

Sony – Spider-Man Is the Holiday Hero

Spider-Man: No Way Home is set to match the opening weekend of Avengers: Infinity War supporting our call that the Spider-Man IP would step into...

Mio Kato

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

We have been skittish to turn genuinely bullish on Nintendo since early July but valuations are cheap enough that we are now more focused on a...

Mio Kato

Japan's Governance: Nintendo on Leadership and Corporate Governance (7974)

On November 5, I participated in the analyst meeting of Nintendo (7974). I would like to think about corporate governance in relation to the...

Metrical Inc

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

Nintendo results missed consensus by 15% at the revenue level and 17% at the OP level and downgraded Switch unit guidance to 24m as “previewed” by...

Mio Kato

Capcom – Monster Hunter Rise for PC Could Be a Pretty Big Deal

The demo for Monster Hunter Rise’s PC version has dropped and early indications are extremely positive so we are starting to think volumes could be...

Mio Kato

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