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

Toshiba Machine Responses to Murakami Tender and EGM

Toshiba Machine - Shareholders Side With Management and In This Case So Do We

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>This is to address some of the points raised by <a href="https://www.smartkarma.com/profiles/travis-lundy" target="_blank" data-smartkarma-citation="accounts:25" rel="noopener">Travis Lundy</a> in <a href="https://www.smartkarma.com/insights/toshiba-machine-taking-the-other-side" target="_blank" data-smartkarma-citation="insights:37985" rel="noopener">Toshiba Machine - Taking the Other Side</a>. While we agree with Shibaura Machine shareholders, Travis contends that shareholders voted against their own interests and that management’s new MTP looks iffy. While we usually see eye to eye with Travis on most things Japan, in this case we disagree quite broadly and explain why below.</p>

This is to address some of the points raised by Travis Lundy in Toshiba Machine - Taking the Other Side. While we agree with Shibaura Machine shareholders, Travis contends that shareholders voted against their own interests and that management’s new MTP looks iffy. While we usually see eye to eye with Travis on most things Japan, in this case we disagree quite broadly and explain why below.

Shibaura Machine

Shibaura Machine – A Response