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

Last Week in Event SPACE: Celltrion, Toshiba, Healthscope, Orient Overseas, Samsung C&T

Last Week in Event SPACE: FamilyMart, Hyundai Motor Prefs, Renault/Nissan, Fortis Health, Korea Zinc

Toshiba: Tilting Towards IPO, Farallon Pops Up, but Will NAND Supply Demand Have the Last Laugh?

Toshiba: Likely Delay in Deal Approval and Poor Non-Memory Earnings Make IPO More Likely

Despite Improved Balance Sheet, Toshiba Will Not Change Its Plan to Sell NAND Flash Memory Business

Toshiba: Will Chinese Approval Arrive Without Onerous Conditions or Is an IPO on the Cards?

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.

Event-Driven

<p>Toshiba is once again in the news noting that Chinese antitrust approval is still not forthcoming and reaffirming their commitment to complete their deal with the Bain consortium. We have generally been of the opinion that the company remains an unenthusiastic seller of its crown jewel memory business and that if an opportunity presented itself to maintain control of the business, that Toshiba would be interested in doing so.</p><p>To that end, it appears to us that Toshiba's repeated commitments to…</p>

Toshiba is once again in the news noting that Chinese antitrust approval is still not forthcoming and reaffirming their commitment to complete their deal with the Bain consortium. We have generally been of the opinion that the company remains an unenthusiastic seller of its crown jewel memory business and that if an opportunity presented itself to maintain control of the business, that Toshiba would be interested in doing so.To that end, it appears to us that Toshiba's repeated commitments to…

Toshiba: Doth the Company Protest Too Much?

Toshiba Corp

Toshiba: Doth the Company Protest Too Much?