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 – Street Fighter 6 and ExoPrimal Strengthen Pipeline

Capcom – The Prospects for Street Fighter 6

Valorant Is Good For Japanese Esports and Bad for Krafton

Capcom – Monster Hunter Rise PC Launches Even as Stock Hits 12 Month Low

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

Capcom – The Monsters Are Running Around Hiding All the Profit

Gravity Works As WeWork Doesn't; Now Plan B

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>We had expected 3Q results for Capcom to be unsurprising given a lack of new titles and OP of ¥6.17bn was in line with consensus at ¥6.23bn. </li>
<li>The launch of Monster Hunter Rise for PC did not go as smoothly as we hoped but the trend appears to be improving. </li>
<li>All in all FY OP looks set to slightly beat consensus and guidance for better than double digit growth is likely in our view.</li>
</ul>


We had expected 3Q results for Capcom to be unsurprising given a lack of new titles and OP of ¥6.17bn was in line with consensus at ¥6.23bn. 
The launch of Monster Hunter Rise for PC did not go as smoothly as we hoped but the trend appears to be improving. 
All in all FY OP looks set to slightly beat consensus and guidance for better than double digit growth is likely in our view.


Capcom – In-Line Results Could Drive a Re-Verse in Fortunes

Capcom Co Ltd

Capcom – In-Line Results Could Drive a Re-Verse in Fortunes