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

Start Today: We Were Wrong, Earnings Were Weak, Stock Down 9%, What Now?

Start Today Buys Call Options in Wearables Co. StretchSense, Bounces 14.4%

Start Today: Nice Guidance, Nice MTP, Nice Buyback, Nice 8% Bounce, But...

Japan Small Cap Tour: Start Today a Promising Contender Among Expensive Growth Stocks

Start Today: Maezawa-San's EDINET Filing Marginally Positive?

Start Today: We Expect 50% YoY OP Growth This FY; Significant Deceleration Likely Over a Year Away

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>Start Today is up 43% since we first wrote on the company on 16 Feb this year in <a href="https://www.smartkarma.com/insights/japan-small-cap-tour-start-today-a-promising-contender-among-expensive-growth-stocks" target="_blank" data-smartkarma-citation="insights:8780">Japan Small Cap Tour: Start Today a Promising Contender Among Expensive Growth Stocks</a>, driven by accelerating revenue growth and solid margins. With the company trading at a forward PE of 47.7x consensus and earnings scheduled for release on the 30th Oct we examine the company's guidance history and the degree of realism implicit in consensus forecasts for the second quarter and FY, where our estimates are…</p>

Start Today is up 43% since we first wrote on the company on 16 Feb this year in Japan Small Cap Tour: Start Today a Promising Contender Among Expensive Growth Stocks, driven by accelerating revenue growth and solid margins. With the company trading at a forward PE of 47.7x consensus and earnings scheduled for release on the 30th Oct we examine the company's guidance history and the degree of realism implicit in consensus forecasts for the second quarter and FY, where our estimates are…

This Is Why You Should Own Start Today at Earnings and Especially This FY

ZOZO Inc

This Is Why You Should Own Start Today at Earnings and Especially This FY