Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>Increased console prices for Sony and Nintendo make them attractive as oversold defensive longs.</li>
<li>We may see a better day for the Heavies in Japan after the Sankei reported that the Govt. plans to revise its export guidelines for defense-equipment.</li>
<li>US Satellite plays gave up their SpaceX IPO news gains which is likely to deliver a few kidney punches to Japanese peers.</li>
</ul>


Increased console prices for Sony and Nintendo make them attractive as oversold defensive longs.
We may see a better day for the Heavies in Japan after the Sankei reported that the Govt. plans to revise its export guidelines for defense-equipment.
US Satellite plays gave up their SpaceX IPO news gains which is likely to deliver a few kidney punches to Japanese peers.


Japan Morning Connection: Sony Raises PS5 Prices Again as Memory Costs Bite

<ul>
<li>Google research touting a new memory compression technique exacerbated rotation out of memory names with Micron -18% and Sandisk -10% for the week.</li>
<li>Wafer names shrugging off the memory panic with Soitec and Siltronic higher with Sumco and Shin-Etsu set to follow.</li>
<li>SpaceX IPO buzz sent space names surging. QPS, Synspective and Astroscale all set for more upside today.</li>
</ul>


Google research touting a new memory compression technique exacerbated rotation out of memory names with Micron -18% and Sandisk -10% for the week.
Wafer names shrugging off the memory panic with Soitec and Siltronic higher with Sumco and Shin-Etsu set to follow.
SpaceX IPO buzz sent space names surging. QPS, Synspective and Astroscale all set for more upside today.


Japan Morning Connection: Kioxia Running Out of Steam as Memory Rotation Gathers Pace

<ul>
<li>SMCI -33% after federal prosecutors accused officials of smuggling Nvidia chips into China. Bad for Nidec Corp (6594 JP) who makes server cooling modules for SMCI.</li>
<li>Chiyoda looks interesting on Qatar LNG reconstruction given its direct tie-up with Technip once conflict stabilises.</li>
<li>Sumi Forestry looking increasingly ill-timed on its Tri Pointe acquisition as US homebuilder rates hit highest since mid-2026.</li>
</ul>


SMCI -33% after federal prosecutors accused officials of smuggling Nvidia chips into China. Bad for Nidec Corp (6594 JP) who makes server cooling modules for SMCI.
Chiyoda looks interesting on Qatar LNG reconstruction given its direct tie-up with Technip once conflict stabilises.
Sumi Forestry looking increasingly ill-timed on its Tri Pointe acquisition as US homebuilder rates hit highest since mid-2026.


Japan Morning Connection: SMCI's Chip Smuggling Scandal Drags Server and Memory Down

<ul>
<li>NVDA projects $1 trillion in sales through 2027 but fades after popping on the news.</li>
<li>QD Laser now +80% MTD after NVDA's laser technology investments in Lumentum and Coherent sparking a surge.</li>
<li>Softbank trading at August support lows looks like a laggard worth watching.</li>
</ul>


NVDA projects $1 trillion in sales through 2027 but fades after popping on the news.
QD Laser now +80% MTD after NVDA's laser technology investments in Lumentum and Coherent sparking a surge.
Softbank trading at August support lows looks like a laggard worth watching.


Japan Morning Connection: Tech and AI Lead the Charge as Ships Start to Move in the Middle East

<ul>
<li>Brent surged after Khamenei vowed to open new fronts and keep the Straits closed, with numerous vessels hit.</li>
<li>Memory takes a breather after three days of gains with Kioxia likely finally in for a down day.</li>
<li>Astroscale likely a buy on the open after signing a launch agreement with German space company Isari .</li>
</ul>


Brent surged after Khamenei vowed to open new fronts and keep the Straits closed, with numerous vessels hit.
Memory takes a breather after three days of gains with Kioxia likely finally in for a down day.
Astroscale likely a buy on the open after signing a launch agreement with German space company Isari .


Japan Morning Connection: Trump's 'Very Complete' War Rages On as Khamenei Vows to Open New Fronts

Japan

Astroscale, the satellite servicing and debris removal company

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Astroscale (186A JP)

Japan Morning Connection: Sony Raises PS5 Prices Again as Memory Costs Bite

Defense heavies may catch a bid on export guideline revisions while Sony raises PS5 prices for the second time, with Nintendo and Xbox likely to...

Andrew Jackson

Japan Morning Connection: Kioxia Running Out of Steam as Memory Rotation Gathers Pace

Memory rotation deepens as Google's compression research spooks the market. Softbank still has room to run on ARM's AI chip. SpaceX IPO buzz keeps...

Andrew Jackson

Japan Morning Connection: SMCI's Chip Smuggling Scandal Drags Server and Memory Down

SMCI Nvidia chip smuggling charges hit server and memory names. Japan's SPE names likely muted at open after missing Thursday's US rebound during...

Andrew Jackson

Japan Morning Connection: Tech and AI Lead the Charge as Ships Start to Move in the Middle East

Mkts liking the move lower in oil and the news that ships were starting to move in the Middle East saw tech and AI lead the way higher. SPE...

Andrew Jackson

Japan Morning Connection: Trump's 'Very Complete' War Rages On as Khamenei Vows to Open New Fronts

Markets closed at session lows as tech and AI were sold off, with rising oil prices adding to the pressure heading into Japan's open.

Andrew Jackson

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