Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>News that mature-node foundry UMC will hike wafer prices is a positive sign for semi’s outside of the AI thematic.</li>
<li>Oil and gas infra companies Chiyoda, Toyo Engineering and JGC on the radar assuming a peace deal will eventually hold.</li>
<li>Kioxia -9.9% and Kokusai -7.2% on Friday likely heading further lower today.</li>
</ul>


News that mature-node foundry UMC will hike wafer prices is a positive sign for semi’s outside of the AI thematic.
Oil and gas infra companies Chiyoda, Toyo Engineering and JGC on the radar assuming a peace deal will eventually hold.
Kioxia -9.9% and Kokusai -7.2% on Friday likely heading further lower today.


Japan Morning Connection: Exuberance Fades Fast as Iran Closes Straits

Equity Analyst - Fundamental & Thematic, Sree Capital

Sreemant Dudhoria

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

Chow Tai Fook Jewellery / Equity Bottom-Up

<ul>
<li>We compile our selection of companies across Japan, China &amp; India based on bottom-up triggers in each company.</li>
<li>This is a mid-quarter update on companies as most companies will be announcing their September quarter results in next 45 days.</li>
<li>Based on these new results and guidance, we will update the list of top ideas accordingly.</li>
</ul>


We compile our selection of companies across Japan, China &amp; India based on bottom-up triggers in each company.
This is a mid-quarter update on companies as most companies will be announcing their September quarter results in next 45 days.
Based on these new results and guidance, we will update the list of top ideas accordingly.


Shortlist of High-Conviction Ideas Across Japan, China & India – September 2026

Japan Specialist

Mark Chadwick

<ul>
<li>Topix broadly flat (-0.1%) amid volatility; energy surge drove sector divergence, with Services/Food outperforming and Mining/Steel lagging. </li>
<li>US equities strongly outperformed Japan. Iran conflict drove ~12% oil spike and heightened volatility; Hormuz disruption risk dominated sentiment, though LNG transit flows provided limited reassurance. </li>
<li>Japan data resilient (strong Tankan), but inflation and weak yen raise BOJ hike odds; capital rotating into AI infrastructure (e.g., Microsoft investment) despite macro uncertainty.</li>
</ul>


Topix broadly flat (-0.1%) amid volatility; energy surge drove sector divergence, with Services/Food outperforming and Mining/Steel lagging. 
US equities strongly outperformed Japan. Iran conflict drove ~12% oil spike and heightened volatility; Hormuz disruption risk dominated sentiment, though LNG transit flows provided limited reassurance. 
Japan data resilient (strong Tankan), but inflation and weak yen raise BOJ hike odds; capital rotating into AI infrastructure (e.g., Microsoft investment) despite macro uncertainty.


Japan Strategy Weekly | Markets Navigate Volatility

<ul>
<li>Navitas Semi surged +24.9% after announcing two new additions to its 5th generation GeneSiC silicon carbide power semiconductor platform.</li>
<li>Sony is reportedly going ahead with the release of its PS6 console sometime in 2027-2028 despite the risk of a memory supply crunch.</li>
<li>Nintendo surged 8.9% after new Pokémon game ‘Pokopia’ was a surprise worldwide hit with physical copies fully sold out in the US.</li>
</ul>


Navitas Semi surged +24.9% after announcing two new additions to its 5th generation GeneSiC silicon carbide power semiconductor platform.
Sony is reportedly going ahead with the release of its PS6 console sometime in 2027-2028 despite the risk of a memory supply crunch.
Nintendo surged 8.9% after new Pokémon game ‘Pokopia’ was a surprise worldwide hit with physical copies fully sold out in the US.


Japan Morning Connection: Markets Grind Higher with Bright Spots Despite Ongoing Uncertainty

<ul>
<li>Brent dropping as much as -25% off the intraday highs sending refiners, shippers and defense lower and sparking a rebound in airlines and AI/Tech.</li>
<li>HPE numbers were inline but the stock is holding up AH, and management expects a memory shortage well into next year.</li>
<li>Expect a rotation out of software and defensive havens into momentum favorites such as Kioxia and Kokusai Elec.</li>
</ul>


Brent dropping as much as -25% off the intraday highs sending refiners, shippers and defense lower and sparking a rebound in airlines and AI/Tech.
HPE numbers were inline but the stock is holding up AH, and management expects a memory shortage well into next year.
Expect a rotation out of software and defensive havens into momentum favorites such as Kioxia and Kokusai Elec.


Japan Morning Connection: Markets Snap Back Sharply with on Trump's Comments on the War Ending

Japan

ROHM COMPANY LIMITED manufactures custom linear integrated circuits and semiconductor devices for use primarily in consumer electronics.  The Company has plants and sales offices worldwide.  Rohm's subsidiaries include Wako Electric and Apollo Electronics.

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ROHM Co Ltd (6963 JP)

Japan Morning Connection: Exuberance Fades Fast as Iran Closes Straits

Friday's exuberance fades fast as Iran closes the Straits again. Japan's recent tech winners face more pain while power semis and wafer names start...

Andrew Jackson

Shortlist of High-Conviction Ideas Across Japan, China & India – September 2026

Strong Sales Volume for Maruti Suzuki in the month of September'26 - 236,013 units vs 189,665 units (24% YoY); Similarly for Ashok Leyland its 28%...

Sreemant Dudhoria

Japan Strategy Weekly | Markets Navigate Volatility

Energy surge drives sector divergence in Topix, US equities outperform Japan amid Iran conflict and oil spike, Japan data resilient but inflation...

Mark Chadwick

Japan Morning Connection: Markets Grind Higher with Bright Spots Despite Ongoing Uncertainty

Markets managed to put on a brave face despite the higher oil price and mixed messaging. Defense stocks softened after Rheinmetall missed earnings.

Andrew Jackson

Japan Morning Connection: Markets Snap Back Sharply with on Trump's Comments on the War Ending

Markets snap back sharply with Trump commenting the war with Iran is “very complete, pretty much”. It was a mad scramble back into tech and AI...

Andrew Jackson

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Market Cap (USDm)

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Japan Morning Connection: Exuberance Fades Fast as Iran Closes Straits

Friday's exuberance fades fast as Iran closes the Straits again. Japan's recent tech winners face more pain while power semis and wafer names start...

Andrew Jackson

Shortlist of High-Conviction Ideas Across Japan, China & India – September 2026

Strong Sales Volume for Maruti Suzuki in the month of September'26 - 236,013 units vs 189,665 units (24% YoY); Similarly for Ashok Leyland its 28%...

Sreemant Dudhoria

Japan Strategy Weekly | Markets Navigate Volatility

​Energy surge drives sector divergence in Topix, US equities outperform Japan amid Iran conflict and oil spike, Japan data resilient but inflation...

Mark Chadwick

Japan Morning Connection: Markets Grind Higher with Bright Spots Despite Ongoing Uncertainty

Markets managed to put on a brave face despite the higher oil price and mixed messaging. Defense stocks softened after Rheinmetall missed earnings.

Andrew Jackson

Japan Morning Connection: Markets Snap Back Sharply with on Trump's Comments on the War Ending

Markets snap back sharply with Trump commenting the war with Iran is “very complete, pretty much”. It was a mad scramble back into tech and AI...

Andrew Jackson

Energy surge drives sector divergence in Topix, US equities outperform Japan amid Iran conflict and oil spike, Japan data resilient but inflation...