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

Komatsu – Better Momentum than HCM in Americas and China

🇯🇵 JAPAN • Results & Revisions 10/​​​​​​​​​​​​​​​​​​​28 - Ibiden, Sony, Komatsu, Kao, Toyo Suisan

🇯🇵 JAPAN • Results & Revisions 10/​​​​​​​​​​​​​​​​​​​​29 - Fanuc, Takeda, Panasonic, Kyocera

Komatsu, HCM and CAT Tactical Recovery Targets and Macro Pivot Support

Komatsu: Regional Mining and Construction Trends in Charts

Komatsu – Is the Company Starting to Lose Ground Vs. HCM?

HCM: Setsumeikai Positive and Earnings Should Grow on Constant Currency Basis

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>Komatsu and HCM offer slightly different views on regional recovery paths with Komatsu suggesting developed market demand could recovery earlier while HCM points to regions such as India. China has been the strong point in the Apr-Jun quarter although Komatsu has capitalised on this better than HCM. Meanwhile, the domestic market has been surprisingly resilient. What should reassure investors is that Komatsu’s Komtrax data is pointing to normalisation across numerous countries from Jun onwards.</p>

Komatsu and HCM offer slightly different views on regional recovery paths with Komatsu suggesting developed market demand could recovery earlier while HCM points to regions such as India. China has been the strong point in the Apr-Jun quarter although Komatsu has capitalised on this better than HCM. Meanwhile, the domestic market has been surprisingly resilient. What should reassure investors is that Komatsu’s Komtrax data is pointing to normalisation across numerous countries from Jun onwards.

Komatsu and HCM – Komtrax Suggests Recovery In Store

Komatsu Ltd

Komatsu and HCM – Komtrax Suggests Recovery In Store