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

Japan Display Measuring the Gap for Upside Drive

JDI: Marginal QoQ Improvement, Sale of Nomi Facility to JOLED and Mi Mix 2 Could Be Swing Factors

JDI Visit: This FY Trending Poorly, Further Details on OLED Transition and JOLED

Apple May Use Japan Display's (6740) Full-Active Displays

JDI Visit: Tough FY18 but Company Confident. We Feel Some Apple Business Will Remain in FY19

JDI: Upturn in Estimates and Share Price Confirm Our Impression That This Spring Is Now Fully Coiled

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>Earlier this morning there were reports on JDI affiliate JOLED seeking JPY100bn in funding to help commercialise its printing method OLED panels. The method reduces manufacturing costs significantly compared to the traditional deposition methods and could become a significant competitive edge for manufacturers such as Sony and Panasonic who maintain stakes in JOLED (together with JDI and the INCJ). JDI and JOLED intend to make use of JDI's Nomi plant to manufacture the OLED panels although there…</p>

Earlier this morning there were reports on JDI affiliate JOLED seeking JPY100bn in funding to help commercialise its printing method OLED panels. The method reduces manufacturing costs significantly compared to the traditional deposition methods and could become a significant competitive edge for manufacturers such as Sony and Panasonic who maintain stakes in JOLED (together with JDI and the INCJ). JDI and JOLED intend to make use of JDI's Nomi plant to manufacture the OLED panels although there…

JDI: The Spring Has Sprung...33% in 10 Trading Days