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

Mazda Motors: Stock Primed for Spark Controlled Compression Ignition

Suzuki Motors: Uncertainty Surrounds Long-Run Growth

Toyota-Suzuki Cross-Badging Partnership: Another Case of Cannibalism?

Suzuki: Suzuki's Asia Power Play Strikes Again in 3QFY17

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>Since the beginning of 2017 the Mazda-Suzuki share price ratio has halved as Suzuki shares have risen 40% (as much as 64% at one point) and Mazda shares have declined 27%. While this performance differential has been well justified we feel that there is potential for momentum to turn within the next few months. In our opinion, Suzuki's OP growth going forward could disappoint due to increasing investment costs and lacklustre performance in non-India operations while Maruti's elevated valuation…</p>

Since the beginning of 2017 the Mazda-Suzuki share price ratio has halved as Suzuki shares have risen 40% (as much as 64% at one point) and Mazda shares have declined 27%. While this performance differential has been well justified we feel that there is potential for momentum to turn within the next few months. In our opinion, Suzuki's OP growth going forward could disappoint due to increasing investment costs and lacklustre performance in non-India operations while Maruti's elevated valuation…

Mazda Motor

Mazda Vs. Suzuki: The Contrarian View