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

Actionable bottom-up long/short Insights on equities

Equity Bottom-Up

INPEX CORPORATION is a holding company established through the reorganization of INPEX Corp and Teikoku Oil.  The Company manages subsidiaries that explores, produces, and sells oil and natural gas.

<ul>
<li>Inpex delivered the expected strong 1Q with revenue of ¥485bn (+6.5% vs. consensus) and OP of ¥228bn (-3.8% vs. consensus). </li>
<li>Guidance was revised to ¥1,851bn (+7.2% vs. consensus) at the revenue line and to ¥924bn (+9.5% vs. consensus) at the OP line. </li>
<li>The company’s revised guidance reasonably matches with 1Q market conditions for crude oil prices and ¥/$ but the depreciating yen means upside still remains.</li>
</ul>

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.

Inpex Corp

Inpex – Upside Remains After Revised Guidance