Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>Enormous intraday moves off the lows for likes of Coreweave and Palantir sets stage for more strength than tape suggests.</li>
<li>Analog Devices numbers show much needed strength for Automotive segment. Positive for Renesas, Rohm and Fuji.</li>
<li>Estee Lauder numbers disappoint with China and TR sales failing to keep up with market expectations.</li>
</ul>


Enormous intraday moves off the lows for likes of Coreweave and Palantir sets stage for more strength than tape suggests.
Analog Devices numbers show much needed strength for Automotive segment. Positive for Renesas, Rohm and Fuji.
Estee Lauder numbers disappoint with China and TR sales failing to keep up with market expectations.


Japan Morning Connection: Markets Stage a Big Rally off the Lows as Dip Buying Takes Hold

<ul>
<li>AMAT number after market missed showing a slowdown in Chinese demand and licensing delays.</li>
<li>INTC news positive for SPE suppliers but demand will be tempered in light of AMAT.</li>
<li>Coach owner taking a hit on tariff costs sends a warning to likes of Este Lauder who reports next week.</li>
</ul>


AMAT number after market missed showing a slowdown in Chinese demand and licensing delays.
INTC news positive for SPE suppliers but demand will be tempered in light of AMAT.
Coach owner taking a hit on tariff costs sends a warning to likes of Este Lauder who reports next week.


Japan Morning Connection: US Looking to Take a Stage in INTC Will Ensure Fab Ambitions

<ul>
<li>Chip tester Teradyne jumping on reports it has a new FA arm.</li>
<li>Intel admitting its now not even in the top-10 chipmakers anymore.</li>
<li>Estee lauder strength may help Shiseido with better trends in Hainan reported.</li>
</ul>


Chip tester Teradyne jumping on reports it has a new FA arm.
Intel admitting its now not even in the top-10 chipmakers anymore.
Estee lauder strength may help Shiseido with better trends in Hainan reported.


Japan Morning Connection: Airlines Surging After Delta Numbers Helping SPX Close at New Records

Japan Specialist

Mark Chadwick

<ul>
<li>
Shiseido: Weak sales in China and Travel Retail hurt performance, but cost-cutting and deep-value appeal raise potential for turnaround or takeover.  </li>
<li>
Ricoh: Effissimo bets on Ricoh's slow pivot to digital services; low valuation offers downside protection despite unclear timeline for ROE recovery.</li>
<li>
Orico: Strategic Capital targets Mizuho affiliate for underperformance and insider-led governance, pushing for reform and better capital discipline.</li>
</ul>



Shiseido: Weak sales in China and Travel Retail hurt performance, but cost-cutting and deep-value appeal raise potential for turnaround or takeover.  

Ricoh: Effissimo bets on Ricoh's slow pivot to digital services; low valuation offers downside protection despite unclear timeline for ROE recovery.

Orico: Strategic Capital targets Mizuho affiliate for underperformance and insider-led governance, pushing for reform and better capital discipline.


Japan Activist Watch | Shiseido, Ricoh, Orico, Anicom

<ul>
<li>Homebuilders starting to stir, watch Sumitomo Forestry for upside squeeze potential.</li>
<li>Este Lauder continues to climb but JP names still languish as slow to react to changing trends.</li>
<li>Trump's brinkmanship continues as the 9th July tariff deadline looms.</li>
</ul>


Homebuilders starting to stir, watch Sumitomo Forestry for upside squeeze potential.
Este Lauder continues to climb but JP names still languish as slow to react to changing trends.
Trump's brinkmanship continues as the 9th July tariff deadline looms.


Japan Morning Connection: Big Pivot from Momo into Value Should See a Sharp Factor Rotation Today

Japan

Shiseido Company, Limited manufactures cosmetic and toiletry products. The Company offers an array of makeup and skin-care products, toiletries, beauty salon, pharmaceuticals, foodstuffs, and fine chemicals.

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Shiseido Company (4911 JP)

Japan Morning Connection: Markets Stage a Big Rally off the Lows as Dip Buying Takes Hold

Samsung's HBM chips finally ready for pre-production. Analog Devices should boost power/analog semi names. Estee Lauder disappoints with China...

Andrew Jackson

Japan Morning Connection: US Looking to Take a Stage in INTC Will Ensure Fab Ambitions

US talks about a stake in Intel to boost US chipmaking, a positive for those involved in Intel's SPE supply chain. Estee Lauder down on concerns...

Andrew Jackson

Japan Morning Connection: Airlines Surging After Delta Numbers Helping SPX Close at New Records

Delta's earnings report causes airlines and cruise ships to jump. Tesla's plans for its robotaxi and Ai chatbot may be enough to help the...

Andrew Jackson

Japan Activist Watch | Shiseido, Ricoh, Orico, Anicom

Shiseido is either a turnaround or takeover target. Ricoh's slow move to digital services attracts interest, while Orico is targeted for reform by...

Mark Chadwick

Japan Morning Connection: Big Pivot from Momo into Value Should See a Sharp Factor Rotation Today

Homebuilders show potential for upside as market rotates; watch big momentum winners for downside. Este Lauder climbs while JP names lag behind.

Andrew Jackson

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Japan Morning Connection: Markets Stage a Big Rally off the Lows as Dip Buying Takes Hold

Samsung's HBM chips finally ready for pre-production. Analog Devices should boost power/analog semi names. Estee Lauder disappoints with China...

Andrew Jackson

Japan Morning Connection: US Looking to Take a Stage in INTC Will Ensure Fab Ambitions

US talks about a stake in Intel to boost US chipmaking, a positive for those involved in Intel's SPE supply chain. Estee Lauder down on concerns...

Andrew Jackson

Japan Morning Connection: Airlines Surging After Delta Numbers Helping SPX Close at New Records

Delta's earnings report causes airlines and cruise ships to jump. Tesla's plans for its robotaxi and Ai chatbot may be enough to help the...

Andrew Jackson

Japan Activist Watch | Shiseido, Ricoh, Orico, Anicom

​Shiseido is either a turnaround or takeover target. Ricoh's slow move to digital services attracts interest, while Orico is targeted for reform by...

Mark Chadwick

Japan Morning Connection: Big Pivot from Momo into Value Should See a Sharp Factor Rotation Today

​Homebuilders show potential for upside as market rotates; watch big momentum winners for downside. Este Lauder climbs while JP names lag behind.

Andrew Jackson

Shiseido is either a turnaround or takeover target. Ricoh's slow move to digital services attracts interest, while Orico is targeted for reform by...

Homebuilders show potential for upside as market rotates; watch big momentum winners for downside. Este Lauder climbs while JP names lag behind.