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

Toshiba (6502 JP): Nanoimprint Litho Could Add Value to Kioxia, but Not Soon

Toshiba – First Impression of Spin Off Plan Is Negative

Toshiba – Possibility of a Kioxia-Western Digital Deal

Toshiba – Activist Expectations Are Starting to Make Us Antsy

Gravity Works As WeWork Doesn't; Now Plan B

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><a href="https://www.ft.com/content/8c1c3cf0-951d-4032-9826-8c4576824db5?shareType=nongift" target="_blank" rel="noopener">The FT notes</a> that Elliot has now gotten involved in the Toshiba drama following its successful bid to get Softbank to return more cash to shareholders. While the news is very welcome we do not believe it materially changes how the Toshiba drama is likely to unfold.</p>

The FT notes that Elliot has now gotten involved in the Toshiba drama following its successful bid to get Softbank to return more cash to shareholders. While the news is very welcome we do not believe it materially changes how the Toshiba drama is likely to unfold.

Toshiba – We View Elliot’s Entry as Only Marginally Positive

Toshiba Corp

Toshiba – We View Elliot’s Entry as Only Marginally Positive