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

Nikkei: MUFG To Launch TOB on WealthNavi (7342)

MUFG Launches a TOB to Take Out Robo-Advisor WealthNavi (7342) - The 81.4% Premium Is Light

WealthNavi – Better for the Long-Term and a Bit Expensive Looking

WealthNavi – Simplifying Investment for Japan

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 Capital Markets

<ul>
<li>WealthNavi will be selling 2.98m shares to raise new capital and allow SBI Holdings to reduce its stake.</li>
<li>SBI will simultaneously sell its convertible bonds back to WealthNavi and these will be refinanced with a loan from MUFG.</li>
<li>The stock has done well since results and looks attractive in our view.</li>
</ul>


WealthNavi will be selling 2.98m shares to raise new capital and allow SBI Holdings to reduce its stake.
SBI will simultaneously sell its convertible bonds back to WealthNavi and these will be refinanced with a loan from MUFG.
The stock has done well since results and looks attractive in our view.


WealthNavi

WealthNavi – Good Timing