Japan Specialist

Mark Chadwick

Thematic (Sector/Industry)

<ul>
<li>OVERSEAS: SPX +0.1% UST Yields 4.25%(down !) on hot August CPI Print; UAW plans strike strategy as no deal yet with US Big 3 autos; China vs Apple: Confused messaging. </li>
<li>JAPAN:  NKY Futs -0.2% vs Cash; USDJPY 147.5; Kishida focuses on wage hikes after cabinet reshuffle; Softbank wins on ARM - prices at $51;  Fanuc to SELL at GS.</li>
<li>JAPAN X:  Kirin (and Sapporo) Embrace AI for Demand Forecasting. We think that this trend in Japan will only increase - with positive implications for margins and profits. </li>
</ul>


OVERSEAS: SPX +0.1% UST Yields 4.25%(down !) on hot August CPI Print; UAW plans strike strategy as no deal yet with US Big 3 autos; China vs Apple: Confused messaging. 
JAPAN:  NKY Futs -0.2% vs Cash; USDJPY 147.5; Kishida focuses on wage hikes after cabinet reshuffle; Softbank wins on ARM - prices at $51;  Fanuc to SELL at GS.
JAPAN X:  Kirin (and Sapporo) Embrace AI for Demand Forecasting. We think that this trend in Japan will only increase - with positive implications for margins and profits. 


Ohayo Japan: Hot Inflaton Print...Ignored! JAPAN X: Kirin's AI to Revolutionize Production Planning

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/nidec-corp" target="_blank" data-smartkarma-citation="entities:7245:1" rel="noopener">Nidec Corp (6594 JP)</a> has had ambitions in machine tool space. They wanted to buy <a href="https://www.smartkarma.com/entities/takisawa-machine-tool-co-ltd" target="_blank" data-smartkarma-citation="entities:7344:1" rel="noopener">Takisawa Machine Tool (6121 JP)</a> but Takisawa wouldn't give them the time of day.</li>
<li>So Nidec announced hostile intentions and a 60-day period to negotiate. That's done, and today they announced a now-friendly deal. </li>
<li>This looks like an easy done deal. There is one major risk factor remaining, then another consideration when thinking about path. </li>
</ul>



Nidec Corp (6594 JP) has had ambitions in machine tool space. They wanted to buy Takisawa Machine Tool (6121 JP) but Takisawa wouldn't give them the time of day.
So Nidec announced hostile intentions and a 60-day period to negotiate. That's done, and today they announced a now-friendly deal. 
This looks like an easy done deal. There is one major risk factor remaining, then another consideration when thinking about path. 


Nidec (6594) Turns Vinegar to Wine as Takisawa Machine Tool (6121) Agrees To Takeover

<ul>
<li>Last year <a href="https://www.smartkarma.com/entities/nidec-corp" target="_blank" data-smartkarma-citation="entities:7245:1" rel="noopener">Nidec Corp (6594 JP)</a> approached machine tool maker <a href="https://www.smartkarma.com/entities/takisawa-machine-tool-co-ltd" target="_blank" data-smartkarma-citation="entities:7344:1" rel="noopener">Takisawa Machine Tool (6121 JP)</a> interested in an integration with their sub. Takisawa said "Talk to the hand." </li>
<li>Now Nidec - a blue chip (from Kyoto no less, which traditionally abhors hostile activity) - has gone hostile on Takisawa bidding 65-100% depending how you see undisturbed.</li>
<li>Lots of moving parts on this one, but in the end, Retail probably decides this.</li>
</ul>


Last year Nidec Corp (6594 JP) approached machine tool maker Takisawa Machine Tool (6121 JP) interested in an integration with their sub. Takisawa said "Talk to the hand." 
Now Nidec - a blue chip (from Kyoto no less, which traditionally abhors hostile activity) - has gone hostile on Takisawa bidding 65-100% depending how you see undisturbed.
Lots of moving parts on this one, but in the end, Retail probably decides this.


Nidec (6594) Goes Hostile On Takisawa Machine Tool (6121) - I've Got 🍿🍿

Japan

TAKISAWA MACHINE TOOL CO., LTD. is a manufacturer of precision machine tools. The Company manufactures and repairs machining centers (MCs), metal processing machinery, and numerical control (NC) lathes.  Takisawa Machine Tool also produces machinery for making electronic components and communication devices as well as machinery for assessing environmental conditions.

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Takisawa Machine Tool (6121 JP)

Ohayo Japan: Hot Inflaton Print...Ignored! JAPAN X: Kirin's AI to Revolutionize Production Planning

US markets ignore August CPI print; NKY Futs -0.2% vs Cash; USDJPY 147.5; Kishida focuses on wage hikes after cabinet reshuffle; Softbank wins on...

Mark Chadwick

Nidec (6594) Turns Vinegar to Wine as Takisawa Machine Tool (6121) Agrees To Takeover

A once-hostile approach by Nidec to Takisawa Machine Tool has become friendly and we have an agreed deal. No bump. One might expect it to be a...

Travis Lundy

Nidec (6594) Goes Hostile On Takisawa Machine Tool (6121) - I've Got 🍿🍿

Japan Blue Chip Nidec has gone hostile on a smallcap who didn't entertain its takeover proposal a year ago. Not a done deal. Not a easy deal. But...

Travis Lundy

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