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

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

Sharp Seller "Needs" May Not Be What You Think

Sharp: Purchase of Toshiba's PC Business a Good Move and OP Upside Could Be Underestimated

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

SHARP Capital Restructuring Announcement - Some Interesting Implications

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>On Friday <a href="https://www.smartkarma.com/entities/391" target="_blank" data-smartkarma-citation="entities:391:1">Sharp Corp (6753 JP)</a> confirmed the details of its previously flagged financing to buy back its class A preferred shares and the conversion of 30% of class C preferred shares into regular shares. These moves will result in the number of outstanding common shares rising to 618,666,558 (note that the English document incorrectly says 617,666,558 shares).</p><table class="table table-striped"><tbody>
<tr>
<td>Capital Structure Change Summary</td>
</tr>
<tr>
<td>Existing common shares</td>
<td style="text-align: right;">498,316,558</td>
</tr>
<tr>
<td>Existing class a preferred shares</td>
<td style="text-align: right;">200,000</td>
</tr>
<tr>
<td>Existing class c preferred</td>
</tr>
</tbody></table>…

On Friday Sharp Corp (6753 JP) confirmed the details of its previously flagged financing to buy back its class A preferred shares and the conversion of 30% of class C preferred shares into regular shares. These moves will result in the number of outstanding common shares rising to 618,666,558 (note that the English document incorrectly says 617,666,558 shares).

Capital Structure Change Summary


Existing common shares
498,316,558


Existing class a preferred shares
200,000


Existing class c preferred

…

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