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

Kobe Steel: Quickly Sorting Through All the Noise

The Week That Was in NorthAsia@Smartkarma: Kobe Steel, SK Tomorrow, & Trump Plans to Visit DMZ

Nissan: Downside Optionality of Potential Quality Control Scandal Creates Asymmetric Risk

Nissan's Cheap Valuation Offset by Cyclical and Trump Tax Risks

Honda: Cheap Valuation but Muted Growth Prospects Make Us Favour Toyota

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>Kobe Steel is locked limit down (-22%) after announcing that it had supplied copper and aluminium products with falsified specifications to customers. The range of customers is extremely broad, comprising 200 companies in a variety of industries including automakers, shinkansen, Boeing parts suppliers and Mitsubishi Heavy's MRJ and rockets. The parts concerned do not violate any laws or regulations per se but do misrepresent the dimensions (we would assume this would be related dimensional…</p>

Kobe Steel is locked limit down (-22%) after announcing that it had supplied copper and aluminium products with falsified specifications to customers. The range of customers is extremely broad, comprising 200 companies in a variety of industries including automakers, shinkansen, Boeing parts suppliers and Mitsubishi Heavy's MRJ and rockets. The parts concerned do not violate any laws or regulations per se but do misrepresent the dimensions (we would assume this would be related dimensional…

神戸製鋼の反応は、大きな不確実性があるにもかかわらず、我々には過剰に思える

Kobe Steel Ltd

神戸製鋼の反応は、大きな不確実性があるにもかかわらず、我々には過剰に思える