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

Toshiba – Kioxia’s Postponed IPO Is NOT About US-China Tensions and That Means More Downside Risk

Toshiba – SK Hynix’s Acquisition of Intel’s NAND Operations Hurts Kioxia’s Value

Intel. Thoughts On The Proposed NAND Flash Sale To SK Hynix.

Kioxia IPO – Overoptimistic NAND Market Projections and Concentration Risk

Kioxia – Is There Value at the New Pricing Range?

Smartkarma Flash Webinar | Kioxia IPO: How Solid Is It?

Gravity Works As WeWork Doesn't; Now Plan B

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 Capital Markets

Kioxia Holdings  / Equity Capital Markets

<p>While Kioxia’s value lies in its through-cycle earnings generation, disclosed financials have a limited history. As such, we have combined Kioxia’s financials with those of Toshiba’s Electronic Devices and Storage Solutions segment to get a longer-term perspective on likely forward profitability and how the company has done compared to peers.</p>

While Kioxia’s value lies in its through-cycle earnings generation, disclosed financials have a limited history. As such, we have combined Kioxia’s financials with those of Toshiba’s Electronic Devices and Storage Solutions segment to get a longer-term perspective on likely forward profitability and how the company has done compared to peers.

Kioxia – Examining the Long-Term Margin Trends and Where Fair Value May Lie