Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>Trump extending the implementation deadline leaves plenty of wiggle room for further negotiation.</li>
<li>Renesas should be helped by the Wolf's new restructuring hire and TPX FFW buying this month.</li>
<li>Samsung numbers weak with failed NVDA accreditation weighing on outlook.</li>
</ul>


Trump extending the implementation deadline leaves plenty of wiggle room for further negotiation.
Renesas should be helped by the Wolf's new restructuring hire and TPX FFW buying this month.
Samsung numbers weak with failed NVDA accreditation weighing on outlook.


Japan Morning Connection: Trumps Latest 25% Tariff Salvo on JP Unlikely to Be Final

<ul>
<li>Japan to follow US higher on the much better-than-expected jobs report and the yen back to 148.9</li>
<li>Exporters including the Autos with high US exposures as well as Inbound related laggards such as Isetan Mitsukoshi and Shiseido/Kose should see sentiment improve</li>
<li>The strong US data should also help the JP Shippers rebound after dropping -8.2% on Fri on the end of the US port workers strike</li>
</ul>


Japan to follow US higher on the much better-than-expected jobs report and the yen back to 148.9
Exporters including the Autos with high US exposures as well as Inbound related laggards such as Isetan Mitsukoshi and Shiseido/Kose should see sentiment improve
The strong US data should also help the JP Shippers rebound after dropping -8.2% on Fri on the end of the US port workers strike


Japan Morning Connection: Expect Rebound After Strong US Job Data

<ul>
<li>Sony price hikes in Japan to have a mild positive impact. The stock still looks attractive after positives from recent earnings seem to have been lost in the recent volatility.</li>
<li>PPIH continues to look attractive as a continued laggard as the market rotates out of the big retail/inbound winners such as Isetan Mitsukoshi.</li>
<li>7&amp;I clearly showing how anti-takeover they are effectively asking for Govt protection to ward off Canada’s Alimentation Couche-Tard takeover approach.</li>
</ul>


Sony price hikes in Japan to have a mild positive impact. The stock still looks attractive after positives from recent earnings seem to have been lost in the recent volatility.
PPIH continues to look attractive as a continued laggard as the market rotates out of the big retail/inbound winners such as Isetan Mitsukoshi.
7&amp;I clearly showing how anti-takeover they are effectively asking for Govt protection to ward off Canada’s Alimentation Couche-Tard takeover approach.


Japan Morning Connection: Sony, PPIH, 7&I

Japan Specialist

Mark Chadwick

<ul>
<li>OVERSEAS: SPX closed Friday +0.1% and Week -1.1%; US economy turning out to be stronger than expected - fueling persistence in high rates; China Autos Sales recovery in August</li>
<li>JAPAN:  NKY Futures -0.3% vs Cash; USDJPY 147.8; Kishida to reshuffle cabinet on Wed; Omron to make JMDC a subsidiary; Broker upgrades to BUY: JMDC, Nissan Chem, Toyo Tanso</li>
<li>JAPAN X: FY23 Sees Keyence's Salaries Hit New Heights . Not accident but result of high productivity.  Want to raise wages - funnel labor into high productivity firms !</li>
</ul>


OVERSEAS: SPX closed Friday +0.1% and Week -1.1%; US economy turning out to be stronger than expected - fueling persistence in high rates; China Autos Sales recovery in August
JAPAN:  NKY Futures -0.3% vs Cash; USDJPY 147.8; Kishida to reshuffle cabinet on Wed; Omron to make JMDC a subsidiary; Broker upgrades to BUY: JMDC, Nissan Chem, Toyo Tanso
JAPAN X: FY23 Sees Keyence's Salaries Hit New Heights . Not accident but result of high productivity.  Want to raise wages - funnel labor into high productivity firms !


Ohayo Japan: Strong US Economy->High Rate Fears; JAPAN X: Keyence: High Productivity = High Salaries

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/m3-inc" target="_blank" data-smartkarma-citation="entities:13316:1" rel="noopener">M3 Inc (2413 JP)</a> fell 85+% from 2021 highs to spring 2026 lows. We're not <em>that</em> far off that level now. Earnings a week+ ago sent shares tumbling. </li>
<li>The company is now trading just above 20x earnings with 15% CAGR targeted organic revenue growth over the next five years plus inorganic growth expected from M&amp;A.</li>
<li>M3 now has its ABCs. An Activist. A Buyback. And Cash. And it has growth at lower multiples than peers. </li>
</ul>



M3 Inc (2413 JP) fell 85+% from 2021 highs to spring 2026 lows. We're not that far off that level now. Earnings a week+ ago sent shares tumbling. 
The company is now trading just above 20x earnings with 15% CAGR targeted organic revenue growth over the next five years plus inorganic growth expected from M&amp;A.
M3 now has its ABCs. An Activist. A Buyback. And Cash. And it has growth at lower multiples than peers. 


M3 (2413 JP) - Building Up After the Crash: Know Your ABCs (Activist, Buyback, Cash)

Japan

OMRON Corporation manufactures electronic components, equipment and systems used for factory automation. The Company provides products and services in a variety of fields including industrial automation, electronic components, automotive electronics, social systems such as ticket gate machines and traffic control, and healthcare.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Omron Corp (6645 JP)

Japan Morning Connection: Trumps Latest 25% Tariff Salvo on JP Unlikely to Be Final

Risk off for Tech and AI in the US. Fallout for Tesla after Musk announced forming a new political party. Samsung struggles with weak numbers due...

Andrew Jackson

Japan Morning Connection: Expect Rebound After Strong US Job Data

Japan's market is expected to rise following the US jobs report, benefiting exporters and shippers after a recent drop.

Andrew Jackson

Japan Morning Connection: Sony, PPIH, 7&I

Sony's stock remains attractive as a long, PPIH is a laggard worth considering, and 7&I seeks government protection against takeover.

Andrew Jackson

Ohayo Japan: Strong US Economy->High Rate Fears; JAPAN X: Keyence: High Productivity = High Salaries

US Equities fall WoW on Strong Economy - fueling fears of persistence in high rates; NKY Futures -0.3% vs Cash; USDJPY 147.8; Kishida to reshuffle...

Mark Chadwick

M3 (2413 JP) - Building Up After the Crash: Know Your ABCs (Activist, Buyback, Cash)

M3 was a darling of growth investors until 5 years ago. M3 was a five-bagger in the 18mos to early 2021. Then it crashed 85+%. But revenue, OP, and...

Travis Lundy

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Japan Morning Connection: Trumps Latest 25% Tariff Salvo on JP Unlikely to Be Final

Risk off for Tech and AI in the US. Fallout for Tesla after Musk announced forming a new political party. Samsung struggles with weak numbers due...

Andrew Jackson

Japan Morning Connection: Expect Rebound After Strong US Job Data

​Japan's market is expected to rise following the US jobs report, benefiting exporters and shippers after a recent drop.

Andrew Jackson

Japan Morning Connection: Sony, PPIH, 7&I

​Sony's stock remains attractive as a long, PPIH is a laggard worth considering, and 7&I seeks government protection against takeover.

Andrew Jackson

Ohayo Japan: Strong US Economy->High Rate Fears; JAPAN X: Keyence: High Productivity = High Salaries

US Equities fall WoW on Strong Economy - fueling fears of persistence in high rates; NKY Futures -0.3% vs Cash; USDJPY 147.8; Kishida to reshuffle...

Mark Chadwick

M3 (2413 JP) - Building Up After the Crash: Know Your ABCs (Activist, Buyback, Cash)

M3 was a darling of growth investors until 5 years ago. M3 was a five-bagger in the 18mos to early 2021. Then it crashed 85+%. But revenue, OP, and...

Travis Lundy

Japan's market is expected to rise following the US jobs report, benefiting exporters and shippers after a recent drop.

Sony's stock remains attractive as a long, PPIH is a laggard worth considering, and 7&I seeks government protection against takeover.