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

Safie – Baby Thrown Out With the Bathwater Number Two

Safie – Cost Overshoot Could Drive This Lower But…

Safie IPO – First Day Trading – Stay Safie

Safie IPO – The Best Growth Prospect to List Since Mercari

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

<ul>
<li>Safie has fallen almost 20% since announcing results despite revising up revenue guidance by 3.8%. </li>
<li>This is due to revelations that a lone distribution partner had been heavily incentivising the sale of its cameras and return rates had been climbing. </li>
<li>While this does cast a shadow on previous growth trends a careful analysis suggests that it is not a grave concern.</li>
</ul>


Safie has fallen almost 20% since announcing results despite revising up revenue guidance by 3.8%. 
This is due to revelations that a lone distribution partner had been heavily incentivising the sale of its cameras and return rates had been climbing. 
While this does cast a shadow on previous growth trends a careful analysis suggests that it is not a grave concern.


Safie – Overreaction to Specific Distributor Issue