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

Mitula/Lifull Deal - Push Is Coming To Shove

Mitula/Lifull: Push Came To Shove, Now More Push

Japan's "Rightmove" Should Continue to See Strong Growth.

Lifull: Strong Business Model, Momentum Picking Up, Mitula Acquisition Looks Opportunistic

LIFULL and Mitula - A Really Interesting Little Deal

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.

Event-Driven

<p>On 26 Jul <a href="https://www.smartkarma.com/entities/13749" target="_blank" data-smartkarma-citation="entities:13749:1">Lifull Co Ltd (2120 JP)</a> released 3QFY09/18 earnings that were roughly in line with previous trends but revised down FY guidance from JPY41bn in revenue and JPY5bn in OP to JPY34bn in revenue and JPY4bn in OP. The downward revisions are not entirely a surprise as consensus was at JPY36.7bn in revenue and JPY4.65bn in OP. The main reason for the decrease is that revenue growth has not picked up to the levels that the company had anticipated due to troubles with SEO optimisation. This has…</p>

On 26 Jul Lifull Co Ltd (2120 JP) released 3QFY09/18 earnings that were roughly in line with previous trends but revised down FY guidance from JPY41bn in revenue and JPY5bn in OP to JPY34bn in revenue and JPY4bn in OP. The downward revisions are not entirely a surprise as consensus was at JPY36.7bn in revenue and JPY4.65bn in OP. The main reason for the decrease is that revenue growth has not picked up to the levels that the company had anticipated due to troubles with SEO optimisation. This has…

Lifull (2020 JP): Downward Revision Precipitates 8.7% Selloff But MTP Is Still Achievable