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 Buyback Ending: The Next Catalyst Is Restructuring

Toshiba Restructuring Coming - Toshiba Tec Is STILL the Right Horse.

Toshiba Restructuring - It's Coming, Subs Are Up, and Wording Is Important

Toshiba Buyback: Down To The Last ¥195.6bn

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>As <a href="https://www.smartkarma.com/entities/toshiba-corp" target="_blank" data-smartkarma-citation="entities:637:1" rel="noopener">Toshiba Corp (6502 JP)</a> comes towards the end of its large year-long buyback (the company disclosed that it had purchased 85% of the value allocated by the end of Aug), we examine the prospects for the stock compared to its peers given that the end of the buyback and looming move to a net debt position could push investors to reassess the stock.</p>

As Toshiba Corp (6502 JP) comes towards the end of its large year-long buyback (the company disclosed that it had purchased 85% of the value allocated by the end of Aug), we examine the prospects for the stock compared to its peers given that the end of the buyback and looming move to a net debt position could push investors to reassess the stock.

Toshiba: Approaching the End of the Buyback and the End of Net Cash