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

Aisin Seiki: A Touch Cheap but Waiting on New Growth Drivers

Toyoda Gosei: Daicel Airbag JV, ADAS Compatible Grilles and Plastic Fuel Filler Pipe Are the Future

Toyota: 2Q Results Were Nice and All, But Is Toyota Finally Starting to Get Some Mojo?

Toyota (7203)- Unusual Press Conference as Mazda Is Treated as Equal

Denso: Centrepiece of Toyota's ADAS/AD/EV Mantel Is a Conviction Buy

Toyota: Strong 1Q, 4Q Now Looks Like It Indeed Was Kitchen Sinked.

BoJ Tankan Suggests Goldilocks Scenario Still in Place... For Now

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>Bloomberg reported that Toyota would switch its Japanese dealership system from a nationwide system prioritising four different sales channels to a local system which would prioritise a structure composed of seven regions. <a href="https://asia.nikkei.com/Business/Companies/Toyota-may-halve-vehicle-lineup-in-Japan" target="_blank">The Nikkei had previously discussed</a> Toyota's plans to reduce its domestic model lineup to about 30 models by the mid-2020s (down from about 50 at present, not separating hybrid and traditional models). Of these 50 models about 25 sell less than 10,000 units per year resulting…</p>

Bloomberg reported that Toyota would switch its Japanese dealership system from a nationwide system prioritising four different sales channels to a local system which would prioritise a structure composed of seven regions. The Nikkei had previously discussed Toyota's plans to reduce its domestic model lineup to about 30 models by the mid-2020s (down from about 50 at present, not separating hybrid and traditional models). Of these 50 models about 25 sell less than 10,000 units per year resulting…

We Would Play Japan Breakout Through Toyota on Domestic Restructuring and GM/Ford Production Cuts

Toyota Motor

We Would Play Japan Breakout Through Toyota on Domestic Restructuring and GM/Ford Production Cuts