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

Toyota – Revving Up the Hydrogen Engine

Toyota – All-Time High Production Despite “Cuts”, A US Battery Factory and Nippon Steel Dispute

Toyota – BZ4X Gets Toyota’s EV and Autonomous Strategy Rolling

Toyota – Superior Profit Structure Becoming Superior-Er

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>Toyota put up strong 2Q numbers despite being heavily constrained by semiconductor shortages and production cuts. OP of ¥750bn was its fifth highest quarterly OP generation which is impressive given the conditions mentioned above. Consensus estimates are simply hugging Toyota’s own conservative forecasts and do not account for the significant improvement in profitability we have been touting for the last few years.</p>

Toyota put up strong 2Q numbers despite being heavily constrained by semiconductor shortages and production cuts. OP of ¥750bn was its fifth highest quarterly OP generation which is impressive given the conditions mentioned above. Consensus estimates are simply hugging Toyota’s own conservative forecasts and do not account for the significant improvement in profitability we have been touting for the last few years.

Toyota – Enhanced Profit Structure Confirmed, Large Beat Incoming

Toyota Motor

Toyota – Enhanced Profit Structure Confirmed, Large Beat Incoming