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

Suzuki – Maruti Weakness Makes Our Predicted Miss Likely

Suzuki Motor – Weaker Results but Better than Consensus

Maruti Suzuki – Are Profitability Improvements Enough?

Conviction Call Mazda – 1Q and FY OP Beats Should Be Biggest in Sector

Suzuki – Osamu Suzuki Stepping Down Could Accelerate Move Into Toyota Group

Mazda – 2021 High Conviction Recovery on Track and It’s a Sneaky Commodity Inflation Play

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>While we expect results to be broadly strong for Japanese automakers thanks to favourable forex trends and strong unit volumes in North America, Suzuki unfortunately does not benefit greatly from these. Rather, it is highly negatively impacted by commodity prices, and we believe consensus does not adequately reflect this.</p>

While we expect results to be broadly strong for Japanese automakers thanks to favourable forex trends and strong unit volumes in North America, Suzuki unfortunately does not benefit greatly from these. Rather, it is highly negatively impacted by commodity prices, and we believe consensus does not adequately reflect this.

Suzuki – Could Be the Only J-Auto to Miss at 1Q