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

Sharp (6753)--Q1 Results Are a Huge Beat, but Inventory Is a Concern

Sharp Seller "Needs" May Not Be What You Think

Sharp Converts C Class Shares - Now A Story of Froth Vs Overhang Vs Index Event

SHARP Capital Restructuring Announcement - Some Interesting Implications

Sharp Cancels Its $2bn New Share Sale--Could Be Negative

Sharp Offering: Is There Panic Regarding ES Platform Convertibles?

Last Week in Event SPACE: Sharp, Red Star, Minor Int'l, PICC, Legend

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 Capital Markets

<p>Just before market open <a href="https://www.smartkarma.com/entities/391" target="_blank" data-smartkarma-citation="entities:391:1">Sharp Corp (6753 JP)</a> cancelled its previously announced offering due to market instability, aka a 10.7% drop in the share price. What's pertinent to us is that while the company cancelled the offering and will not go ahead with the repurchase of the A preferreds, the C preferreds are still being converted. The company suggests that they would still like to repurchase the A prefs (because of the high dividend, potential for dilution and the potential for an unplanned cash…</p>

Just before market open Sharp Corp (6753 JP) cancelled its previously announced offering due to market instability, aka a 10.7% drop in the share price. What's pertinent to us is that while the company cancelled the offering and will not go ahead with the repurchase of the A preferreds, the C preferreds are still being converted. The company suggests that they would still like to repurchase the A prefs (because of the high dividend, potential for dilution and the potential for an unplanned cash…

Sharp: Offering Cancelled but C Pref Conversion Going Through... This Is NOT a Positive