Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>MLCC names Taiyo Yuden +22.6% and Murata +17.6% to new highs on bullish comments from Alethia.</li>
<li>Smaller photonic/optical names remain incredibly interesting with QD Laser and Hamamatsu Photonics Kk well below recent highs.</li>
<li>Softbank still -20% from early June highs despite yesterday's +10% move.</li>
</ul>


MLCC names Taiyo Yuden +22.6% and Murata +17.6% to new highs on bullish comments from Alethia.
Smaller photonic/optical names remain incredibly interesting with QD Laser and Hamamatsu Photonics Kk well below recent highs.
Softbank still -20% from early June highs despite yesterday's +10% move.


Japan Morning Connection: Riskier Momentum Trades Back in Play Post SpaceX IPO Nerves

<ul>
<li>Kioxia +650% YTD, and the most crowded name on the TSE, likely to face sharp selling at the open.</li>
<li>Optical fiber names Furukawa, SEI and Fujikura all in the firing line along with MLCC plays Taiyo Yuden, Murata and TDK.</li>
<li>Expect a sharp rotation back to domestic defensives and the software plays.</li>
</ul>


Kioxia +650% YTD, and the most crowded name on the TSE, likely to face sharp selling at the open.
Optical fiber names Furukawa, SEI and Fujikura all in the firing line along with MLCC plays Taiyo Yuden, Murata and TDK.
Expect a sharp rotation back to domestic defensives and the software plays.


Japan Morning Connection: AI Rally Faces a Correction After SOX Has Biggest Drop in 6 Years

<ul>
<li>Fuji Electric rolling out new server cooling technology this month cutting power consumption by 85% — worth picking up after yesterday's -5.6% dip.</li>
<li>QD Laser still -17% over the last week despite TDK partnership, after collateral requirements were tightened for Japanese retail.</li>
<li>With Space names rebounding overnight, the big selling for Japanese peers should abates after big corrections over the last week.</li>
</ul>


Fuji Electric rolling out new server cooling technology this month cutting power consumption by 85% — worth picking up after yesterday's -5.6% dip.
QD Laser still -17% over the last week despite TDK partnership, after collateral requirements were tightened for Japanese retail.
With Space names rebounding overnight, the big selling for Japanese peers should abates after big corrections over the last week.


Japan Morning Connection: ASIC Names Surge on Huang's Endorsement as HPE Numbers Fuel AI Infra Plays

<ul>
<li>Softbank claims Toyota's crown as Japan's largest company as ARM +15.7% on NVDA's PC superchip announcement.</li>
<li>QD Laser and TDK announce RGB laser partnership for building mass-production capability for smart-glasses hardware.</li>
<li>Space names facing heavy profit taking again despite Astroscale -14.2%, QPS -13.9% and Axelspace -10.6% yesterday.</li>
</ul>


Softbank claims Toyota's crown as Japan's largest company as ARM +15.7% on NVDA's PC superchip announcement.
QD Laser and TDK announce RGB laser partnership for building mass-production capability for smart-glasses hardware.
Space names facing heavy profit taking again despite Astroscale -14.2%, QPS -13.9% and Axelspace -10.6% yesterday.


Japan Morning Connection: Long AI Short Software Trade Unwinding as Jensen Backs Software

Japan Specialist

Mark Chadwick

<ul>
<li>Japan’s economy remained resilient, supported by easing inflation, stronger industrial activity and improving consumer sentiment </li>
<li>Equities reached fresh record highs as easing Middle East tensions and sustained AI-driven demand boosted confidence</li>
<li>Investor focus shifted towards AI infrastructure components, with MLCC, wafer and substrate suppliers leading gains</li>
</ul>


Japan’s economy remained resilient, supported by easing inflation, stronger industrial activity and improving consumer sentiment 
Equities reached fresh record highs as easing Middle East tensions and sustained AI-driven demand boosted confidence
Investor focus shifted towards AI infrastructure components, with MLCC, wafer and substrate suppliers leading gains


Japan

TDK CORPORATION manufactures electronics components such as magnetic tapes and ferrite cores.  The Company also sells power supplies, inductors, transformers, ceramic capacitors, magnets, LAN (Local Area Network) components, sensors, and semiconductors.  TDK markets its products worldwide.

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TDK Corp (6762 JP)

Japan Morning Connection: Riskier Momentum Trades Back in Play Post SpaceX IPO Nerves

With Iran deal signed and SpaceX IPO complete, riskier momentum trades are in focus with optical and space names offering entry points after heavy...

Andrew Jackson

Japan Morning Connection: AI Rally Faces a Correction After SOX Has Biggest Drop in 6 Years

SOX worst day in 6 years leaves Japan's AI names facing a tough open. Expect a sharp rotation back to domestic defensives and the software plays.

Andrew Jackson

Japan Morning Connection: ASIC Names Surge on Huang's Endorsement as HPE Numbers Fuel AI Infra Plays

ASIC names surge on Huang's trillion dollar Marvell endorsement. HP enterprise up as much as 36% on bumper numbers. A strong focus on all things...

Andrew Jackson

Japan Morning Connection: Long AI Short Software Trade Unwinding as Jensen Backs Software

Software set to surge with Jensen’s narrative that AI agents will consume more software, and that demand for software engineers is set to sharply...

Andrew Jackson

Japan Strategy Weekly: AI Rotation

Cooling geopolitical tensions, resilient domestic data and surging AI infrastructure demand propelled Japanese equities to fresh highs this week.

Mark Chadwick

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