Senior Technology Analyst, Japanese Equities, LightStream Research

Scott Foster

Securities analyst covering electronics, precision equipment & robotics, engineering, construction, transport and other sectors for more than 25 years in Japan and 3 years in Korea. Permanent resident of Japan.

Senior Technology Analyst, Japanese Equities

MHI (7011 JP): Laser Power Transmission Positive, Political Support Unclear

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

Mitsubishi Heavy Industries / Equity Bottom-Up

<ul>
<li>Development of AI with Preferred Networks provides a Japanese alternative to the unreliable USA., which has just cut off foreign access to advanced Anthropic models. </li>
<li>Successful H3 rocket launch reduces uncertainty. Positive spin on Global Combat Air Programme kicks that dented can down the road. </li>
<li>Share price down 32% from early March peak to 31x FY Mar-27 EPS guidance as of June 13 close. Time to have another look. </li>
</ul>


Development of AI with Preferred Networks provides a Japanese alternative to the unreliable USA., which has just cut off foreign access to advanced Anthropic models. 
Successful H3 rocket launch reduces uncertainty. Positive spin on Global Combat Air Programme kicks that dented can down the road. 
Share price down 32% from early March peak to 31x FY Mar-27 EPS guidance as of June 13 close. Time to have another look. 


MHI (7011): Autonomous AI Via Preferred Networks