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

Softbank Group - Fortress Sale Looks Better when Returns and Exchange Rate Considered

Softbank Group - BABA Pressure Has Didi Read Across but a 41% NAV Discount Provides Cushion

Softbank (9984 JP) – Klarna’s Coming “down Round”

Softbank Group - First Look at Q1 22 Performance

Softbank – Director Shuffling At The AGM

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

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

<ul>
<li>It was reported today that Vision Fund CEO Rajeev Misra would step away from his role to establish his own investment fund. </li>
<li>This continues the pattern of turnover of high profile figures within the Softbank Group raising questions about overall management stability. </li>
<li>With Masayoshi Son also now officially taking amore direct role in managing Vision Fund 2 it also underscores the continuing concentration of decision-making ability.</li>
</ul>


It was reported today that Vision Fund CEO Rajeev Misra would step away from his role to establish his own investment fund. 
This continues the pattern of turnover of high profile figures within the Softbank Group raising questions about overall management stability. 
With Masayoshi Son also now officially taking amore direct role in managing Vision Fund 2 it also underscores the continuing concentration of decision-making ability.


Softbank Group

Softbank – Misra Out