Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>Numbers from PulteGroup pointing to a nascent bottoming sends builders higher.</li>
<li>Texas Instruments down afterhours will weigh on Rohm, Fuji Elec, Renesas etc, but this may be short lived.</li>
<li>Can Davinci success in the US be a positive read for Sysmex's Hinotori with the stock on its knees?</li>
</ul>


Numbers from PulteGroup pointing to a nascent bottoming sends builders higher.
Texas Instruments down afterhours will weigh on Rohm, Fuji Elec, Renesas etc, but this may be short lived.
Can Davinci success in the US be a positive read for Sysmex's Hinotori with the stock on its knees?


Japan Morning Connection: So Far Takaichi as PM Is Turning Out to Be a Sell the Fact Moment

<ul>
<li>Opposition coalition forming against Takaichi, but unlikely to succeed given vast policy differences</li>
<li>Samsung big beat this morning shows the memory super cycle may be a real thing</li>
<li>Softbank to surge with ARM architecture used in latest Broadcom/NVDA multi-year deal for ASIC</li>
</ul>


Opposition coalition forming against Takaichi, but unlikely to succeed given vast policy differences
Samsung big beat this morning shows the memory super cycle may be a real thing
Softbank to surge with ARM architecture used in latest Broadcom/NVDA multi-year deal for ASIC


Japan Morning Connection: Tech Dip Buying Likely After Wobble from Takaichi Political Challenge

<ul>
<li>Memory and specifically DRAM and NAND surges as memory makers delay enterprise pricing guidance as supply/demand imbalance grows.</li>
<li>As AMD-Samsung vs NVDA-SK Hynix alliances form, Micronics should be the big winner.</li>
<li>Factory automatic and robotics stocks the next AI winners? Masa thinks so.</li>
</ul>


Memory and specifically DRAM and NAND surges as memory makers delay enterprise pricing guidance as supply/demand imbalance grows.
As AMD-Samsung vs NVDA-SK Hynix alliances form, Micronics should be the big winner.
Factory automatic and robotics stocks the next AI winners? Masa thinks so.


Japan Morning Connection: US Govt Rumored to Be Looking at Taking Stake in Wolfspeed

Equity Analyst - Fundamental & Thematic, Sree Capital

Sreemant Dudhoria,CFA

Equity Analyst - Fundamental & Thematic

Fundamental Research on Listed Indian Companies

Sree Capital

Sree Capital is a platform to share fundamental research on listed Indian companies. We do this research for our own investment

Equity Bottom-Up

<ul>
<li>
Focus on RoE Maximization : <a href="https://www.smartkarma.com/entities/denso-corp" target="_blank" data-smartkarma-citation="entities:18703:1" rel="noopener">Denso Corp (6902 JP)</a> targets FY2026 ROE of 10.7%, leveraging disciplined capital allocation, cost efficiency, and improved profit recovery to exceed cost of capital.</li>
<li>
Tariff Cost Mitigation: Company absorbed ¥12.5bn tariff hit in Q1, with full-year ¥130bn impact offset through US localization and pricing negotiations from Q2 onward.</li>
<li>.Cross-Holding Reduction: Accelerated divestment of <a href="https://www.smartkarma.com/entities/toyota-industries-corp" target="_blank" data-smartkarma-citation="entities:4500:1" rel="noopener">Toyota Industries (6201 JP)</a> and <a href="https://www.smartkarma.com/entities/renesas-electronics-corp" target="_blank" data-smartkarma-citation="entities:15933:1" rel="noopener">Renesas Electronics (6723 JP)</a> , coupled with ~¥610bn buybacks, underscores commitment to resolve cross-holding overhang and boost shareholder returns.</li>
</ul>



Focus on RoE Maximization : Denso Corp (6902 JP) targets FY2026 ROE of 10.7%, leveraging disciplined capital allocation, cost efficiency, and improved profit recovery to exceed cost of capital.

Tariff Cost Mitigation: Company absorbed ¥12.5bn tariff hit in Q1, with full-year ¥130bn impact offset through US localization and pricing negotiations from Q2 onward.
.Cross-Holding Reduction: Accelerated divestment of Toyota Industries (6201 JP) and Renesas Electronics (6723 JP) , coupled with ~¥610bn buybacks, underscores commitment to resolve cross-holding overhang and boost shareholder returns.


Denso Corp(6902JP)-Focus on RoE Maximization, Tariff Costs Mitigation & Cross-Shareholding Reduction

Weekly podcast series by SemiWiki.com, SemiWiki.com

SemiWiki.com

Weekly podcast series by SemiWiki.com

Semiconductor Insiders: A weekly podcast series by SemiWiki.com, the open forum for semiconductor professionals.

<ul><li>RISC-V allows for design and implementation locally, compliant to global standards, with specifications available under Creative Commons and no licensing fees</li><li>RISC-V's customizable architecture, with a small core base ISA and various extensions, enables workload optimized silicon for different applications such as AI, ML, and vector processing</li><li>Recent highlights include the availability of the RBA23 profile specification for high-performing application processors, Nvidia's adoption of RISC-V for CUDA porting, and Infineon's announcement of an all RISC-V automotive microcontroller roadmap, showcasing the growing momentum of RISC-V across various industries.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

RISC-V allows for design and implementation locally, compliant to global standards, with specifications available under Creative Commons and no licensing feesRISC-V's customizable architecture, with a small core base ISA and various extensions, enables workload optimized silicon for different applications such as AI, ML, and vector processingRecent highlights include the availability of the RBA23 profile specification for high-performing application processors, Nvidia's adoption of RISC-V for CUDA porting, and Infineon's announcement of an all RISC-V automotive microcontroller roadmap, showcasing the growing momentum of RISC-V across various industries.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Podcast EP309: The State of RISC-V and the Upcoming RISC-V Summit with Andrea Gallo

Japan

Renesas Electronics Corporation researches, develops, designs and manufactures electronic components such as semiconductors and integrated devices.

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Renesas Electronics (6723 JP)

Japan Morning Connection: So Far Takaichi as PM Is Turning Out to Be a Sell the Fact Moment

Power and analog semi's may take a hit after Texas Instruments fell after hours. May be a buy the dip opportunity for Rohm, Fuji Elec and Renesas....

Andrew Jackson

Japan Morning Connection: Tech Dip Buying Likely After Wobble from Takaichi Political Challenge

Softbank may see upside from US Quantum Computing surge. Tesla scaling back production plans for Optimus may cause some pullback in Harmonic Drive....

Andrew Jackson

Japan Morning Connection: US Govt Rumored to Be Looking at Taking Stake in Wolfspeed

Tech and AI bounce back after pullback the day before, flash/NAND related especially strong. WOLF a potential target for the US Government to take...

Andrew Jackson

Denso Corp(6902JP)-Focus on RoE Maximization, Tariff Costs Mitigation & Cross-Shareholding Reduction

DENSO provided an update on its planned Tender Offer for Own Shares. Company now expects to commence the offer in or after March 2026, a delay...

Sreemant Dudhoria,CFA

Podcast EP309: The State of RISC-V and the Upcoming RISC-V Summit with Andrea Gallo

RISC V is a customizable and globally recognized architecture used by companies like Nvidia, with ongoing development and expansion in various...

SemiWiki.com

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Japan Morning Connection: So Far Takaichi as PM Is Turning Out to Be a Sell the Fact Moment

Power and analog semi's may take a hit after Texas Instruments fell after hours. May be a buy the dip opportunity for Rohm, Fuji Elec and Renesas....

Andrew Jackson

Japan Morning Connection: Tech Dip Buying Likely After Wobble from Takaichi Political Challenge

Softbank may see upside from US Quantum Computing surge. Tesla scaling back production plans for Optimus may cause some pullback in Harmonic Drive....

Andrew Jackson

Japan Morning Connection: US Govt Rumored to Be Looking at Taking Stake in Wolfspeed

Tech and AI bounce back after pullback the day before, flash/NAND related especially strong. WOLF a potential target for the US Government to take...

Andrew Jackson

Denso Corp(6902JP)-Focus on RoE Maximization, Tariff Costs Mitigation & Cross-Shareholding Reduction

DENSO provided an update on its planned Tender Offer for Own Shares. Company now expects to commence the offer *in or after March 2026*, a delay...

Sreemant Dudhoria,CFA

Podcast EP309: The State of RISC-V and the Upcoming RISC-V Summit with Andrea Gallo

RISC V is a customizable and globally recognized architecture used by companies like Nvidia, with ongoing development and expansion in various...

SemiWiki.com

DENSO provided an update on its planned Tender Offer for Own Shares. Company now expects to commence the offer in or after March 2026, a delay...