Sign in

You're signed outSign in or to get full access.

Oliver Matthew

Oliver Matthew

Research Analyst at CLSA Limited

Tokyo, JP

Oliver Matthew is the Country Head of Japan and Head of Institutional Equities at CLSA Limited, specializing in equity research and institutional investor engagement with a strong focus on Japan's consumer, internet, telecom, and financial sectors. He covers leading companies such as SoftBank, Shiseido, LY Corporation, ZOZO, KDDI, and Amorepacific, achieving a 67.86% success rate across 17 stocks and notching his most profitable call with an 84.2% return on SoftBank between August 2024 and August 2025. Since joining CLSA in May 2019 after an extensive career in equity research and marketing leadership roles across Asia, he has been recognized as Asia Money’s No.1 Japan Consumer analyst and Starmine/Reuters’ No.1 Japan Telecom Analyst for stock picking (2018, 2019). He holds a degree from the University of Cambridge and is known for deep expertise in Japanese equity markets, fluent command of Mandarin and Japanese, and a broad global network, though specific FINRA or securities licenses are not listed.

Oliver Matthew's questions to Yahoo! Japan (YAHOY) leadership

Question · Q4 2024

Oliver Matthew asked for the background on the share buyback and inquired about how OpenAI fits into LY Corporation's future AI strategy, particularly in relation to SoftBank's investments.

Answer

Executive Ryosuke Sakaue explained the buyback aligns with their capital policy to return buffer capital, prompted by strong financial performance, and noted a similar structure could be used in the future. An executive confirmed that LY Corp already uses OpenAI for internal and some consumer-facing applications and is in discussions with SoftBank on its Cristal project. He emphasized a multi-LLM strategy, selecting the best model for each service, which includes extensive use of OpenAI.

Ask follow-up questions

Fintool

Fintool can predict Yahoo! Japan logo YAHOY's earnings beat/miss a week before the call

Question · Q1 2025

Oliver Matthew from CLSA Limited asked for an explanation for PayPay's higher-than-expected profitability in Q1. He also inquired about the sustainability of this profit level going forward and asked about any new initiatives planned for PayPay.

Answer

Executive Ryosuke Sakaue attributed PayPay's strong Q1 start to effective cost control and nearly 20% transaction value growth, driven by product improvements that increased usage frequency per person. He confirmed that this level of profitability can be maintained and will not fall into a loss. Future growth initiatives will focus on further enhancing GMV and promoting PayPay Credit to increase interest income from revolving balances.

Ask follow-up questions

Fintool

Fintool can write a report on Yahoo! Japan logo YAHOY's next earnings in your company's style and formatting

Question · Q4 2023

Oliver Matthew questioned the timing and rationale of the board structure change, noting it seemed strange during ongoing ownership discussions and that the new board lacked internet business experience. He also asked about potential areas of upside for revenue growth.

Answer

CEO Takeshi Idezawa defended the board change as a move to enhance corporate governance by separating management from execution, with a new majority of independent directors. He identified the finance business as a key growth driver and noted that the biggest upside in advertising could come from better data utilization and AI in display ads to increase revenue per user.

Ask follow-up questions

Fintool

Fintool can auto-update your Excel models when Yahoo! Japan logo YAHOY reports