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

Toshiba: Doth the Company Protest Too Much?

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

Last Week in Event SPACE: Alibaba, Mobis/Glovis, Japan Display, Takeda, Santos, Sharp

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>News yesterday morning that Toshiba was considering stepping away from selling its memory business to Bain if Chinese antitrust approval is not approved by May 28th briefly boosted the stock by as much as 5.3% as investors seemed to cheer the news of a potential IPO for the business. The stock traded down 3% intraday, however, to close at its lows, just 2.1% above Friday's close which was itself the lowest price since early December last year. This pattern appears to be repeating today as the…</p>

News yesterday morning that Toshiba was considering stepping away from selling its memory business to Bain if Chinese antitrust approval is not approved by May 28th briefly boosted the stock by as much as 5.3% as investors seemed to cheer the news of a potential IPO for the business. The stock traded down 3% intraday, however, to close at its lows, just 2.1% above Friday's close which was itself the lowest price since early December last year. This pattern appears to be repeating today as the…

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

Toshiba Corp

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