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

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

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

Kioxia IPO – Overoptimistic NAND Market Projections and Concentration Risk

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>We had previously expressed scepticism about the targeted price (¥3,960) that Bain and Toshiba were aiming to partially exit their Kioxia stakes at. The company announced its initial price range yesterday bringing those expectations down markedly to ¥2,800-3,500. We compare these valuations with those of peers below.</p>

We had previously expressed scepticism about the targeted price (¥3,960) that Bain and Toshiba were aiming to partially exit their Kioxia stakes at. The company announced its initial price range yesterday bringing those expectations down markedly to ¥2,800-3,500. We compare these valuations with those of peers below.

Kioxia – Is There Value at the New Pricing Range?