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

Japan Fintech - Google Push into Mobile Payments Could Raise Competitive Intensity

Komehyo Combats Online Threat with More Stores

Mercari – Down 6% on What Should Have Been an Unsurprising Deceleration in the US

Mercari – Additional US Disclosure Is a Positive

Mercari’s Relentless Innovation Opens Closets

Mercari – Expecting an Acceleration in US GMV Growth

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>Mercari revised up its guidance for the full year to ¥4.5bn in OP and ¥106bn in sales vs. consensus at ¥1.73bn and ¥104.8bn respectively. The intensity of the move is surprising and demonstrates that the market seems to be as behind as consensus in understanding Mercari.</p>

Mercari revised up its guidance for the full year to ¥4.5bn in OP and ¥106bn in sales vs. consensus at ¥1.73bn and ¥104.8bn respectively. The intensity of the move is surprising and demonstrates that the market seems to be as behind as consensus in understanding Mercari.

Mercari – Up 10% on What Should Have Been an Unsurprising Upward Revision