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 Machine – How Much Is It Worth?

Murakami Hands Toshiba Machine A Gimme - A TOB Designed To Fail and for Machine To Show Its Value

Toshiba Machine Responses to Murakami Tender and EGM

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>On Friday it was announced that 62% of Toshiba Machine shareholders had approved the company’s takeover defence measures against Yoshiaki Murakami’s Office Support and related entities. The stock fell as much as 13.8% on the news before eventually closing about 7.7% below where it was trading prior to the announcement that the takeover defence had been approved. In this case, however, we actually feel that the company’s strategy may play out better for investors in the long-term and we consider the result to be relatively rational. We discuss some of the idiosyncrasies of the deal and the long-term plan for Toshiba Machine below.</p>

On Friday it was announced that 62% of Toshiba Machine shareholders had approved the company’s takeover defence measures against Yoshiaki Murakami’s Office Support and related entities. The stock fell as much as 13.8% on the news before eventually closing about 7.7% below where it was trading prior to the announcement that the takeover defence had been approved. In this case, however, we actually feel that the company’s strategy may play out better for investors in the long-term and we consider the result to be relatively rational. We discuss some of the idiosyncrasies of the deal and the long-term plan for Toshiba Machine below.

Toshiba Machine - Shareholders Side With Management and In This Case So Do We

Shibaura Machine

Toshiba Machine - Shareholders Side With Management and In This Case So Do We