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

Concerns of Further Nuclear Write-Downs for Toshiba

We Believe Toshiba Delisting Is Now a Real Possibility

A Quick Look at Toshiba's Restructuring Presentation

Toshiba Targeting JPY1trn Investment by Mar 2018, Shift to TSE 2nd Section Almost Assured Now

Toshiba: Possible Demotion to TSE2? The Mechanics & Impact

Toshiba Finally Discloses "Provisional" Presentation Materials on Website. Not Submitted to TSE

Japanese and Asian equity long/short strategies

Uzabase

Specialising in Japanese and Asian equity long/short strategies with a focus on rigorous, but targeted quantitative analysis to temper evaluations of company strategy, potential and vision. At Uzabase, our team of analysts provides coverage of industry dynamics with a local Asian flavour on Speeda, our financial information platform. Going forward we are aiming to channel our focus toward thematic research on emerging industries and company research.

Equity Bottom-Up

<p>After some pretty strong previous statements from company officials demanding bids valuing the chip business at JPY2 trillion or more, Bloomberg reports that the company is now soliciting bids that value the business at about JPY1.5 trillion. We believe this is a more realistic figure, especially given the timeframe, and would expect more progress in the bidding process over the next few weeks. Ultimately, we believe the final valuation is likely to be somewhere between our JPY1.0 trillion…</p>

After some pretty strong previous statements from company officials demanding bids valuing the chip business at JPY2 trillion or more, Bloomberg reports that the company is now soliciting bids that value the business at about JPY1.5 trillion. We believe this is a more realistic figure, especially given the timeframe, and would expect more progress in the bidding process over the next few weeks. Ultimately, we believe the final valuation is likely to be somewhere between our JPY1.0 trillion…

Toshiba Chip Business Valuation Target Gravitating Back Below JPY1.5 Trillion

Toshiba Corp

Toshiba Chip Business Valuation Target Gravitating Back Below JPY1.5 Trillion