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

Ootoya – The Order May Be Delivered but It Could Leave a Bad Taste in Colowide’s Mouth

Colowide Partial Tender for Ootoya Is a Sell

Ootoya – Oisix Ra Daichi Tie-Up Could Sway Some Votes But Unlikely to Solve LT Issues

Background to The Sushiro-Genki Sushi Merger and Japan's Conveyor Sushi Consolidation Path

Sushiro Global IPO: Largest Conveyor Belt Sushi Operator in Japan but Beware of Weak Sentiment

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>Following up on <a href="https://www.smartkarma.com/profiles/campbell-gunn" target="_blank" data-smartkarma-citation="accounts:2531" rel="noopener">Campbell Gunn</a>’s excellent <a href="https://www.smartkarma.com/insights/japan-who-s-swimming-naked-part-2-altman-z-score" target="_blank" rel="noopener">work</a> on screening for potentially distressed companies in the deteriorating economic environment, we decided to look closer at Colowide. The company did not show up on the audit screen but featured prominently on the Altman Z-score screen. We discuss why and detail our concerns regarding the company below.</p>

Following up on Campbell Gunn’s excellent work on screening for potentially distressed companies in the deteriorating economic environment, we decided to look closer at Colowide. The company did not show up on the audit screen but featured prominently on the Altman Z-score screen. We discuss why and detail our concerns regarding the company below.

Colowide – Swimming Naked into the Covid Sea

Colowide Co Ltd

Colowide – Swimming Naked into the Covid Sea