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: Banks Set Sep End Deadline, Trading Volumes Down, Do Any Upside Risks Remain?

The Week That Was in NorthAsia@Smartkarma: Theatre of the Absurd, AxE, and Mount Paektu

The Week That Was in NorthAsia@Smartkarma: Sep24

Toshiba Tilting To WDC - Third Anvil Drifting Away? But LNG...

Toshiba Memory Corp Sales: WD/KKR In, Bain/Hynix Out?

Toshiba: China Antitrust Review Implications

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>This evening <a href="http://www.reuters.com/article/toshiba-accounting/western-digital-offers-to-exit-toshiba-chip-bid-for-better-jv-terms-sources-idUSL4N1LM3LK" target="_blank">Reuters reported</a> that WDC was willing to drop out of the bidding for TMC in exchange for improved terms on their JV without offering any further details.</p><p>On the face of it this should be positive for Toshiba as it could allow the company to garner a slightly higher sale price and should help alleviate antitrust concerns which could help speed up the sale process. At the same time, it serves WDC's interests as the company could secure a solid position within the JV, locking in a key…</p>

This evening Reuters reported that WDC was willing to drop out of the bidding for TMC in exchange for improved terms on their JV without offering any further details.On the face of it this should be positive for Toshiba as it could allow the company to garner a slightly higher sale price and should help alleviate antitrust concerns which could help speed up the sale process. At the same time, it serves WDC's interests as the company could secure a solid position within the JV, locking in a key…

Toshiba: WDC Willingness to Swap TMC Stake for Improved JV Terms a Negative in Disguise?

Toshiba Corp

Toshiba: WDC Willingness to Swap TMC Stake for Improved JV Terms a Negative in Disguise?