Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>TSMC planning a fab in UAE not enough to lift semi-cap names Friday.</li>
<li>New Switch on Thursday and the Summer Game Fest on Friday points to upside for laggard developers this week.</li>
<li>ISpace set to deliver UNESCO cultural hard drive to the moon this Friday.</li>
</ul>


TSMC planning a fab in UAE not enough to lift semi-cap names Friday.
New Switch on Thursday and the Summer Game Fest on Friday points to upside for laggard developers this week.
ISpace set to deliver UNESCO cultural hard drive to the moon this Friday.


Japan Morning Connection: Hope for Trump-Xi Call Lifts Markets off the Lows

<ul>
<li>Yesterday's tech gains failing to hold setting a muted tone to start for JP peers.</li>
<li>Softbank's $7bn data center buildout with Open AI may need 100,000 GPU's.</li>
<li>Kose upgrade + Ulta Beauty better than expected after market numbers points to upside off lows.</li>
</ul>


Yesterday's tech gains failing to hold setting a muted tone to start for JP peers.
Softbank's $7bn data center buildout with Open AI may need 100,000 GPU's.
Kose upgrade + Ulta Beauty better than expected after market numbers points to upside off lows.


Japan Morning Connection: Tariff War Escalation Zaps Yesterdays Growth Rebound

<ul>
<li>Softbank racking up big losses in 3Q but market looking to Stargate.</li>
<li>Japanese cosmetics names continue to struggle with Kose missing after Shiseido the day before.</li>
<li>Toray's -12% drop yesterday looks excessive given the overall outlook remains buoyant.</li>
</ul>


Softbank racking up big losses in 3Q but market looking to Stargate.
Japanese cosmetics names continue to struggle with Kose missing after Shiseido the day before.
Toray's -12% drop yesterday looks excessive given the overall outlook remains buoyant.


Japan Morning Connection: Mixed Tape but Gains for Names to Benefit from a US Focused AI Industry

<ul>
<li>Palantir +24% as AI demand shows no signs of a slow down.</li>
<li>SMCI giving a business update to help one of Japan's worst tech performers?</li>
<li>Estee Lauder -16% as its Asian travel retail business continues to falter setting a bad tone for Shiseido and Kose.</li>
</ul>


Palantir +24% as AI demand shows no signs of a slow down.
SMCI giving a business update to help one of Japan's worst tech performers?
Estee Lauder -16% as its Asian travel retail business continues to falter setting a bad tone for Shiseido and Kose.


Japan Morning Connection: Big Capex Guidance from Alphabet a Positive for Semicap Related

<ul>
<li>Japan saw big gains for SPE in the last 15 mins of trading on the TSMC capex outlook which should continue today.</li>
<li>Luxury names got a shot in the arm from Richemont numbers overnight so likes of Shiseido and Kose  may see a knee jerk higher.</li>
<li>Nintendo looks to have largely priced in the Switch 2, but upside remains for component makers.</li>
</ul>


Japan saw big gains for SPE in the last 15 mins of trading on the TSMC capex outlook which should continue today.
Luxury names got a shot in the arm from Richemont numbers overnight so likes of Shiseido and Kose  may see a knee jerk higher.
Nintendo looks to have largely priced in the Switch 2, but upside remains for component makers.


Japan Morning Connection: US Semi-Capex Names Higher on TSMC Numbers...more for JP Also?

Japan

KOSE Corporation manufactures, retails, and exports cosmetics including make up, skin care, and hair care products.  The Company sells its products in Hong Kong, China, Singapore, and Malaysia.

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

Kose Corp (4922 JP)

Japan Morning Connection: Hope for Trump-Xi Call Lifts Markets off the Lows

Tech and Semi's sell off as Trump administration announce more restrictions for Chinese goods. Ulta beauty's lift should help related JP brands...

Andrew Jackson

Japan Morning Connection: Tariff War Escalation Zaps Yesterdays Growth Rebound

Tech gains falter, Softbank may see a lift on news of data center project with Open AI, Ulta Beauty exceed expectations, setting a positive tone...

Andrew Jackson

Japan Morning Connection: Mixed Tape but Gains for Names to Benefit from a US Focused AI Industry

Softbank faces significant losses but market will focus on Stargate. Kose follows Shiseido's miss. Toray's drop seems excessive given overall...

Andrew Jackson

Japan Morning Connection: US Semi-Capex Names Higher on TSMC Numbers...more for JP Also?

Gains due to positive outlook from TSMC should continue today, Richemont numbers may see Shiseido and Kose higher, component makers for Nintendo...

Andrew Jackson

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Japan Morning Connection: Hope for Trump-Xi Call Lifts Markets off the Lows

Tech and Semi's sell off as Trump administration announce more restrictions for Chinese goods. Ulta beauty's lift should help related JP brands...

Andrew Jackson

Japan Morning Connection: Tariff War Escalation Zaps Yesterdays Growth Rebound

​Tech gains falter, Softbank may see a lift on news of data center project with Open AI, Ulta Beauty exceed expectations, setting a positive tone...

Andrew Jackson

Japan Morning Connection: Mixed Tape but Gains for Names to Benefit from a US Focused AI Industry

​Softbank faces significant losses but market will focus on Stargate. Kose follows Shiseido's miss. Toray's drop seems excessive given overall...

Andrew Jackson

Japan Morning Connection: Big Capex Guidance from Alphabet a Positive for Semicap Related

​Palantir surges on continuing high demand for AI. Estee Lauder sets a bad tone for Shiseido and Kose. Will SMCI business update aid the struggling...

Andrew Jackson

Japan Morning Connection: US Semi-Capex Names Higher on TSMC Numbers...more for JP Also?

Gains due to positive outlook from TSMC should continue today, Richemont numbers may see Shiseido and Kose higher, component makers for Nintendo...

Andrew Jackson

Tech gains falter, Softbank may see a lift on news of data center project with Open AI, Ulta Beauty exceed expectations, setting a positive tone...

Softbank faces significant losses but market will focus on Stargate. Kose follows Shiseido's miss. Toray's drop seems excessive given overall...

Palantir surges on continuing high demand for AI. Estee Lauder sets a bad tone for Shiseido and Kose. Will SMCI business update aid the struggling...