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

Capcom – Changes in Seasonality Patterns a Focus

🇯🇵 JAPAN • Results & Revisions 3rd August - Capcom, K's, Kikkoman, USS, Eisai

Capcom – Catalysts for Earnings Stability

Capcom – Underlying Profitability Improvement Drives Breakout to All Time Highs

Capcom 1Q OP Soars on the Back of Profitable Digital Downloads

Square Enix – What the Witcher Says About Content Synergies and Implications for Game Developers

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>In spite of the overall risk-off environment we remain broadly positive on Japanese gaming names. The shift to digital downloads remains a tailwind and with higher margins we believe that the companies should broadly benefit. We believe any impact from consumers being more home-bound is likely to be marginal but positive. We would highlight Capcom in particular as one to watch in the sector due to the potential for some big titles to be released next year.</p>

In spite of the overall risk-off environment we remain broadly positive on Japanese gaming names. The shift to digital downloads remains a tailwind and with higher margins we believe that the companies should broadly benefit. We believe any impact from consumers being more home-bound is likely to be marginal but positive. We would highlight Capcom in particular as one to watch in the sector due to the potential for some big titles to be released next year.

Capcom – 4 Key Titles Next Year Could Drive Guidance Above Consensus

Capcom Co Ltd

Capcom – 4 Key Titles Next Year Could Drive Guidance Above Consensus