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 – Superbowl Commercials and the Evolution of Toyota

Toyota Motor (7203):  Chronically Underinvested:  Turnaround Potential

Tesla – Autonomous Driving or Advantage Delusion?

Toyota – Solid State Batteries and Long Toyota as a Safer Short on the EV Bubble

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><a href="https://www.bloomberg.com/news/articles/2021-02-09/toyota-autonomous-vehicle-startup-aurora-enter-self-driving-cars-partnership" target="_blank" rel="noopener">Toyota and Denso have reportedly struck a long-term partnership with key autonomous technology startup Aurora Innovation</a>. Part of our core thesis for automakers is that increasingly confident shifts into electrified technologies and later autonomous would reveal the immaturity and deficiencies of EV makers, popping this bubble. We do not expect this to happen overnight but there is one more step being taken here to shine light on the underlying reality in the space.</p>

Toyota and Denso have reportedly struck a long-term partnership with key autonomous technology startup Aurora Innovation. Part of our core thesis for automakers is that increasingly confident shifts into electrified technologies and later autonomous would reveal the immaturity and deficiencies of EV makers, popping this bubble. We do not expect this to happen overnight but there is one more step being taken here to shine light on the underlying reality in the space.

Toyota – Strengthening Autonomous with Aurora Partnership