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 Q2 21 Results Reaction: Softbank May Intend to Use ARM Proceeds for Buyback

Softbank Buyback - $9 Biiiilllyun Dollars

Softbank Group Mixed Early Results for Indian IPOs

Softbank Group - A First Look at Investment Losses for the Quarter

Softbank Group - Discount Headwinds Rise as Buyback Hopes Fade

Softbank – Buyback Hopes Drift Further Away

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

<p>Softbank reported an expectedly weak 2Q with an almost ¥400bn net loss and a ¥1.66trn loss on investments partially offset by ¥732bn in derivative gains and ¥329bn in gains on the change in third-party interests in the Vision Funds. They also announced a ¥1trn buyback… sort of.</p>

Softbank reported an expectedly weak 2Q with an almost ¥400bn net loss and a ¥1.66trn loss on investments partially offset by ¥732bn in derivative gains and ¥329bn in gains on the change in third-party interests in the Vision Funds. They also announced a ¥1trn buyback… sort of.

Softbank Group

Softbank – What a Curious Buyback