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: Analysing the Falsified Data Products and Potential Asset Sales

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

Kobe: Blatant Self-Serving Hypocrisy. Equity Could Get Wiped Out

Kobe Steel Reaction Looking Overdone to Us Despite Significant Uncertainty

Nissan: Downside Optionality of Potential Quality Control Scandal Creates Asymmetric Risk

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>Information continues to emerge on Kobe Steel, the most concerning of which regards "inappropriate actions" related to its steel wire business. These parts are utilised for strengthening tyres which would make structural deficiencies a key safety issue.  Other news included some comments from Ford regarding potentially affected parts in Chinese Ford Mondeo hoods, and JR West being likely to claim damages to replace aluminium parts on its shinkansen that failed to meet Japanese Industrial…</p>

Information continues to emerge on Kobe Steel, the most concerning of which regards "inappropriate actions" related to its steel wire business. These parts are utilised for strengthening tyres which would make structural deficiencies a key safety issue.  Other news included some comments from Ford regarding potentially affected parts in Chinese Ford Mondeo hoods, and JR West being likely to claim damages to replace aluminium parts on its shinkansen that failed to meet Japanese Industrial…

Kobe Steel: Quickly Sorting Through All the Noise

Kobe Steel Ltd

Kobe Steel: Quickly Sorting Through All the Noise