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

Kobe Steel: Visit Suggests Limited Fallout From Scandal, Upside to Guidance

After 50% Rise From Bottom Can Kobe Steel Rise Another 50%?

Kobe Steel: Steel and Construction Machinery Businesses Likely to Drive Recurrent Profit to JPY75bn

Kobe Steel: Analysing the Falsified Data Products and Potential Asset Sales

Kobe Steel: Not Quite an All Clear but Safety Issues Now Look Unlikely; Recalls Likely Limited

Kobe Steel: Update on 20 Oct Disclosures on ISO Standards, Heavy Plate and Internal Obstruction

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>Kobe Steel announced an update on the progress of its safety verifications with its customers which can be found <a href="http://www.kobelco.co.jp/english/releases/1197968_15581.html" target="_blank">here</a>. Progress was steady and over 90% of customers are now considered to be unlikely to face safety issues. Importantly, the customers that Kobe Steel has identified as being unlikely to face problems appear to gradually be reaching the same conclusion themselves. At this point, we increasingly believe that direct costs from this scandal will be extremely limited.</p><p>The company also…</p>

Kobe Steel announced an update on the progress of its safety verifications with its customers which can be found here. Progress was steady and over 90% of customers are now considered to be unlikely to face safety issues. Importantly, the customers that Kobe Steel has identified as being unlikely to face problems appear to gradually be reaching the same conclusion themselves. At this point, we increasingly believe that direct costs from this scandal will be extremely limited.The company also…

Kobe Steel: Disclosures Regarding Causes of and Steps to Prevent Reoccurrence of Improper Conduct

Kobe Steel Ltd

Kobe Steel: Disclosures Regarding Causes of and Steps to Prevent Reoccurrence of Improper Conduct