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

Nissan Governance Structure Report Out: Fog Dissipating Slowly. Sunny in Summer. Storms Next Winter?

Nissan: Production Cut May Presage Dividend Cut Opening Up Downside

Nissan: Pressure From Paris Won't Work... But It Probably Will Increase the Chance of a Dividend Cut

Nissan Governance Outlook - Foggy Now, Sunny Later

Nissan Motor: Charting the Ghosn Supremacy

Nissan: Overlooked Personnel Moves Suggest the Alliance Will Not Survive Long Term

Nissan/Renault: French State Intervention Continues

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>Today <a href="https://www.smartkarma.com/entities/72" target="_blank" data-smartkarma-citation="entities:72:1">Nissan Motor (7201 JP)</a> released its report from the Special Committee for Improving Governance. The FT also <a href="https://www.ft.com/content/0a1e6430-4fd1-11e9-9c76-bf4a0ce37d49" target="_blank">reported</a> that <a href="https://www.smartkarma.com/entities/21536" target="_blank" data-smartkarma-citation="entities:21536:1">Renault SA (RNO FP)</a> (i.e. the French government) was keen to restart merger talks within twelve months with an eye towards then acquiring <a href="https://www.smartkarma.com/entities/798" target="_blank" data-smartkarma-citation="entities:798:1">Fiat Chrysler Automobiles Nv (FCAU US)</a>.</p><p>The details of the former are unsurprising but disappointing, while Renault's M&amp;A ambitions just seem delusional at this point.</p>

Today Nissan Motor (7201 JP) released its report from the Special Committee for Improving Governance. The FT also reported that Renault SA (RNO FP) (i.e. the French government) was keen to restart merger talks within twelve months with an eye towards then acquiring Fiat Chrysler Automobiles Nv (FCAU US).The details of the former are unsurprising but disappointing, while Renault's M&amp;A ambitions just seem delusional at this point.

日産：合併を考える前に、劣悪なガバナンスを是正すべき