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

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

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

Musings: Governance and the Vulnerabilities of the Japanese Management Style

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 released the external report on the group's misconduct after market close and held a press briefing lasting about two hours. The company announced that the external committee had discovered a further 163 affected customers, of whom 129 had cleared the products on safety grounds. The company had previously had 520 of 525 clients clear its products and we do not see the new disclosures as fundamentally altering things, but they are an incremental negative. Some of the new issues were…</p>

Kobe Steel released the external report on the group's misconduct after market close and held a press briefing lasting about two hours. The company announced that the external committee had discovered a further 163 affected customers, of whom 129 had cleared the products on safety grounds. The company had previously had 520 of 525 clients clear its products and we do not see the new disclosures as fundamentally altering things, but they are an incremental negative. Some of the new issues were…

Kobe Steel: Expanded Problem Product List a Step Back, Governance Reforms a Step Forward

Kobe Steel Ltd

Kobe Steel: Expanded Problem Product List a Step Back, Governance Reforms a Step Forward