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

Nabtesco Visit Affirms Viability of Medium Term Plan and Commitment to Shareholder Returns

Nabtesco 1Q Update: Harmonic Drive Boosts Equity Earnings

Initiating Coverage of Nabtesco With JPY 3,900 FVE and Wide Moat Rating

Japan Small Cap Tour: Harmonic Drive Systems THE Purest Cobot Play?

Cobots: Key to a Step-Change in Robotics and Manufacturing Clusters?

Japanese and Asian equity long/short strategies

Uzabase

Specialising in Japanese and Asian equity long/short strategies with a focus on rigorous, but targeted quantitative analysis to temper evaluations of company strategy, potential and vision. At Uzabase, our team of analysts provides coverage of industry dynamics with a local Asian flavour on Speeda, our financial information platform. Going forward we are aiming to channel our focus toward thematic research on emerging industries and company research.

Equity Bottom-Up

<p>After posting strong results in FY12/2016 (5% above guidance), <a href="https://www.smartkarma.com/entities/13176" target="_blank" data-smartkarma-citation="entities:13176:1">Nabtesco Corp (6268 JP)</a> offered guidance for FY12/2017 that was 4% above consensus at JPY26bn OP. The company also announced its new MTP targeting JPY42bn OP in FY2020 and also emphasised efficiency metrics of 15% ROE and a 35% or higher payout ratio. These statements are encouraging and while the reclassification of segments makes analysis more complex, we would note that the new forecasts still imply only a 3.3% increase in OP…</p>

After posting strong results in FY12/2016 (5% above guidance), Nabtesco Corp (6268 JP) offered guidance for FY12/2017 that was 4% above consensus at JPY26bn OP. The company also announced its new MTP targeting JPY42bn OP in FY2020 and also emphasised efficiency metrics of 15% ROE and a 35% or higher payout ratio. These statements are encouraging and while the reclassification of segments makes analysis more complex, we would note that the new forecasts still imply only a 3.3% increase in OP…

Strong FY Guidance Pushes Nabtesco up 6%.