Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>Big capex plans for Google and good numbers for SK Hynix setting strong tone for AI related.</li>
<li>Momo names slid yesterday, although Ishiba heading for door may pressure heavies further.</li>
<li>Autos squeezed hard yesterday, but there should be more upside for names with elevated SI still.</li>
</ul>


Big capex plans for Google and good numbers for SK Hynix setting strong tone for AI related.
Momo names slid yesterday, although Ishiba heading for door may pressure heavies further.
Autos squeezed hard yesterday, but there should be more upside for names with elevated SI still.


Japan Morning Connection: US Liking JP and Expected EU Trade Deals, Expect Flows Back in Tech

<ul>
<li>LDP was trounced on Sunday, but the yen is already starting to pare weakness which priced in ahead.</li>
<li>Power semi's may be under pressure with NXP miss after-market and Stellantis surprise loss yesterday.</li>
<li>Microsoft reeling from massive cyber attack positive for security software including Trend Micro.</li>
</ul>


LDP was trounced on Sunday, but the yen is already starting to pare weakness which priced in ahead.
Power semi's may be under pressure with NXP miss after-market and Stellantis surprise loss yesterday.
Microsoft reeling from massive cyber attack positive for security software including Trend Micro.


Japan Morning Connection: Ishiba's Expected Defeat Already Showing Limited Reaction from Markets

Global Materials | Industrials | Commodities

Rahul Jain

<ul>
<li>The exponential rise in AI workloads is triggering a global data center power crunch, with Asia facing the sharpest grid stress due to dense urban clusters and limited transmission infrastructure.</li>
<li>Japanese grid and power equipment firms are stepping in as key enablers, supplying transformers, substations, and energy management systems to support hyperscale AI deployments across Asia.</li>
<li>Top picks include Toshiba Energy, Hitachi Energy, and Fuji Electric, each positioned to capture structural AI-driven grid upgrades in India, Japan, and Southeast Asia.</li>
</ul>


The exponential rise in AI workloads is triggering a global data center power crunch, with Asia facing the sharpest grid stress due to dense urban clusters and limited transmission infrastructure.
Japanese grid and power equipment firms are stepping in as key enablers, supplying transformers, substations, and energy management systems to support hyperscale AI deployments across Asia.
Top picks include Toshiba Energy, Hitachi Energy, and Fuji Electric, each positioned to capture structural AI-driven grid upgrades in India, Japan, and Southeast Asia.


AI’s Power Bottleneck Becomes a Grid Opportunity

<ul>
<li>Meta taking a $3.5bn stake in Essilor Luxottica now gives them exposure to both Nikon and Paris Miki.</li>
<li>Further positive broker rhetoric for power-semis should continues to lift Rohm, while WOLF gains positive for Renesas.</li>
<li>Intel announcing plans to sell Mobileye stake may be seen as positive for foundry expansion plans.</li>
</ul>


Meta taking a $3.5bn stake in Essilor Luxottica now gives them exposure to both Nikon and Paris Miki.
Further positive broker rhetoric for power-semis should continues to lift Rohm, while WOLF gains positive for Renesas.
Intel announcing plans to sell Mobileye stake may be seen as positive for foundry expansion plans.


Japan Morning Connection: Pharma Set for Rough Start on Trump Threats

<ul>
<li>Oracle order for millions of homes worth of power consumption sends DC and server related higher.</li>
<li>Power semis also up as analysts continue to take a more constructive view.</li>
<li>Gaming names may bounce after yesterdays dip given they are seen as 'tariff proof' ahead of deadline.</li>
</ul>


Oracle order for millions of homes worth of power consumption sends DC and server related higher.
Power semis also up as analysts continue to take a more constructive view.
Gaming names may bounce after yesterdays dip given they are seen as 'tariff proof' ahead of deadline.


Japan Morning Connection: AI and Tech Snaps Back with SOX at Recent Highs

Japan

FUJI ELECTRIC CO.,LTD manufactures electric machinery and electronic devices. The Company's products include automatic vending machines, factory automation equipment, and power supplies, as well as information and electronic components such as power semiconductors and integrated circuits (ICs).

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Fuji Electric (6504 JP)

Japan Morning Connection: US Liking JP and Expected EU Trade Deals, Expect Flows Back in Tech

With reversal from momentum and Ishiba's resignation, defense names may drop further. Autos may have plenty more upside despite big moves yesterday.

Andrew Jackson

Japan Morning Connection: Ishiba's Expected Defeat Already Showing Limited Reaction from Markets

Slight negative for power semis after NXP guidance missed. Cyber security names benefiting from aftermath of Microsoft's SharePoint being hacked.

Andrew Jackson

AI’s Power Bottleneck Becomes a Grid Opportunity

Exponential AI workload growth causing global data center power crunch, Asia hit hardest; Japanese firms stepping in to support hyperscale AI...

Rahul Jain

Japan Morning Connection: Pharma Set for Rough Start on Trump Threats

Meta announces stake in Essilor Luxottica, with aims for AI smart glasses. A good tone set for power semis, particularly Renesas. Pharma names...

Andrew Jackson

Japan Morning Connection: AI and Tech Snaps Back with SOX at Recent Highs

DC and server-related stocks boosted by Oracle's deal, while power semiconductors rise with positive outlook. Gaming stocks may rebound after a...

Andrew Jackson

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Japan Morning Connection: US Liking JP and Expected EU Trade Deals, Expect Flows Back in Tech

With reversal from momentum and Ishiba's resignation, defense names may drop further. Autos may have plenty more upside despite big moves yesterday.

Andrew Jackson

Japan Morning Connection: Ishiba's Expected Defeat Already Showing Limited Reaction from Markets

Slight negative for power semis after NXP guidance missed. Cyber security names benefiting from aftermath of Microsoft's SharePoint being hacked.

Andrew Jackson

AI’s Power Bottleneck Becomes a Grid Opportunity

​Exponential AI workload growth causing global data center power crunch, Asia hit hardest; Japanese firms stepping in to support hyperscale AI...

Rahul Jain

Japan Morning Connection: Pharma Set for Rough Start on Trump Threats

​Meta announces stake in Essilor Luxottica, with aims for AI smart glasses. A good tone set for power semis, particularly Renesas. Pharma names...

Andrew Jackson

Japan Morning Connection: AI and Tech Snaps Back with SOX at Recent Highs

DC and server-related stocks boosted by Oracle's deal, while power semiconductors rise with positive outlook. Gaming stocks may rebound after a...

Andrew Jackson

Exponential AI workload growth causing global data center power crunch, Asia hit hardest; Japanese firms stepping in to support hyperscale AI...

Meta announces stake in Essilor Luxottica, with aims for AI smart glasses. A good tone set for power semis, particularly Renesas. Pharma names...