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

Hoya – Getting Towards Genuinely Bullish Levels of Cheapness

Nikkei 225 March 2023 Rebal On The Follow - Predictions (3 In, 3 Out) & Problems

Nikkei 225 Sep22 Annual Review; Data Final, Predictions Unch'd; Strategy Involved

Hoya: Long-Term Prospects Seem Attractive Though Some Short-Term Weaknesses Exist

Hoya: Life Care Exceeds Pre-Covid Levels; Slight Upgrade to Forecasts with a Small Buyback

Hoya – MiyoSmart Extends Industry Leading Premium Product Strategy to Life Care

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

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

<ul>
<li>We spoke to Hoya today to understand market trends in both the semi and healthcare areas. </li>
<li>Overall, business conditions remain strong although momentum appears stronger for the Life Care segment. </li>
<li>More pertinently, we interpret some of the commentary on the semi capex side as suggesting some downside risk to overall spend.</li>
</ul>


We spoke to Hoya today to understand market trends in both the semi and healthcare areas. 
Overall, business conditions remain strong although momentum appears stronger for the Life Care segment. 
More pertinently, we interpret some of the commentary on the semi capex side as suggesting some downside risk to overall spend.


Hoya – We Are Increasingly Confident About a Semi Capex Decline

Hoya Corp

Hoya – We Are Increasingly Confident About a Semi Capex Decline