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

JDI: 3Q Revenue Strong, Margins Weak - Did Non-IPhone X Sales Overshoot 36%?

JDI: Equity Finance and Dilution Incoming?

JDI: Giving Our Thesis a Full Active Refresh + Apple MicroLED Development

Japan Display--IPhone X Weakness May Be a Godsend

JDI: Starting to Make Progress in VR Applications - Potential as Long-Term Growth Driver

JOLED Printed OLED Technology Moving Towards Commercialisation; Sony & Panasonic to Invest

Sony (6758) - PSVR Hits 2mil Mark, Trial Deal Sells Out in 48 Hours

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>The <a href="https://asia.nikkei.com/Business/Deals/Japan-Display-having-trouble-landing-backer-for-turnaround" target="_blank">Nikkei is reporting</a> that JDI could be facing delays in its plans to raise funds by partnering with a large Chinese player. The tone of the article is slightly negative as it describes players such as BOE and Hon Hai backing away from a potential investment due to a government backed pivot away from displays and towards chip manufacturing. The article does mention that restructuring costs could be several tens of billion yen lower than initially assumed due to poor iPhone X sales putting a…</p>

The Nikkei is reporting that JDI could be facing delays in its plans to raise funds by partnering with a large Chinese player. The tone of the article is slightly negative as it describes players such as BOE and Hon Hai backing away from a potential investment due to a government backed pivot away from displays and towards chip manufacturing. The article does mention that restructuring costs could be several tens of billion yen lower than initially assumed due to poor iPhone X sales putting a…

Delay in Financing Partnership - This May Be Contrarian but We Like This News