In today’s briefing:
- Toyota (7203 JP // TM US) Hits Oversold: Your High-Potential Options Strategy
- Rohm (6964): Is the Wait Finally Over?
- Kitazato IPO Trading – Demand Was Strong
- IHI Corporation (TSE:7013) – Rebound in Aero Drives Multi-Year Upside
- Rohm Co Ltd(6963 JP): Wake-Up Call After a Difficult Year, Reforms to Improve Profitability Ahead
- SoftBank (9984 JP) Is Flying High, But It May Be Time to Take Some Off the Table
- Full-Report – Stella Chemifa (4109 JP) – June 5, 2025
- Q4 Follow-Up – TEKKEN CORPORATION (1815 JP) – May 28, 2025
- As One Corp (7476 JP): Nothing Unscientific About the Growth Prospects, As One Precedes
Toyota (7203 JP // TM US) Hits Oversold: Your High-Potential Options Strategy
- Context: After three consecutive down weeks, Toyota Motor (7203 JP) has entered oversold territory, triggering a potential upside signal in quantitative models.
- Trade Idea: With signs pointing to a short-term reversal, a Bull Call Spread strategy offers high return potential (~12x premium) with limited upfront cost.
- Why Read: This Insight presents a timely, actionable trade idea with a well-defined risk/reward profile—ideal for investors seeking tactical exposure. Details Provided.
Rohm (6964): Is the Wait Finally Over?
- Rohm’s relative share price is trading above the 200-day moving average for the first time since August 2023.
- Inventory de-stocking for SiC-based semiconductor suppliers is nearing its end, paving the way for order replenishment
- Analysts expect Rohm’s margins to lag those of rivals in the recovery, but Rohm has done more to cut inventories than any other.
Kitazato IPO Trading – Demand Was Strong
- Kitazato (368A JP) manufactures and sells medical devices and products for fertility treatment. It raised around US$130m in its Japan IPO.
- Kitazato specializes in artificial insemination, in vitro fertilization, cell cryopreservation and reproductive engineering technologies in regenerative medicine
- In our previous note, we looked at its past performance and the deal dynamics. In this note, look at the trading dynamics.
IHI Corporation (TSE:7013) – Rebound in Aero Drives Multi-Year Upside
- Sharp turnaround from FY22–FY24, with revenue rising from ¥1.17 tn to ¥1.63 tn and operating profit swinging from losses to ¥143.5 bn, led by civil aero engines and defense.
- The order backlog has grown to ¥1.6 tn (↑¥226 bn YoY), underpinned by defense orders and aftermarket demand, with management guiding continued top-line and margin expansion.
- EPS is forecast to grow at a ~7% CAGR through FY27; at ~18x FY27E P/E and ~9x EV/EBITDA, valuations appear reasonable for a capital-efficient aero-led compounder.
Rohm Co Ltd(6963 JP): Wake-Up Call After a Difficult Year, Reforms to Improve Profitability Ahead
- Undergoing a multi-year transformation:After a very challenging FY2024, ROHM Co Ltd (6963 JP) is reassessing its capital strategy, production footprint, and depreciation methodologies, forming the core of the structural reforms.
- ROHM targets a return to operating profitability in FY26, supported by cost optimization, analog IC growth, and a disciplined capital expenditure strategy.
- It is available at significantly cheaper valuation versus peers of just 0.8x price to book. Also, it has been added to the Nikkei 225 Index recently
SoftBank (9984 JP) Is Flying High, But It May Be Time to Take Some Off the Table
- Softbank Group (9984 JP) is seeing solid short-term momentum, bolstered by asset sales and AI-led strategic narratives. Key triggers to monitor: deleveraging moves, AI investment updates, and broader macro sentiment.
- The stock is very overbought according to our WEEKLY model, there could be a pullback soon.
- Another perspective: what if this is just a bold rebound rally—and the next move takes SoftBank back down toward the 5,000 level? Just an hypothesis worth considering.
Full-Report – Stella Chemifa (4109 JP) – June 5, 2025
- Stella Chemifa Corporation (hereafter referred to as “the Company”) is a long-established business with a 109-year history and possesses competitiveness advantages in the manufacture and sale of hydrofluoric acid and fluorine-related compounds.
- The Company is believed to be the world’s largest producer (in terms of production capacity) of high purity hydrofluoric acid used in semiconductor cleaning solutions and is highly regarded across the industry.
- It also manufactures enriched boron used in nuclear reactor-related applications and has established a unique market position.
Q4 Follow-Up – TEKKEN CORPORATION (1815 JP) – May 28, 2025
- On May 13, TEKKEN CORPORATION (hereinafter, the Company) announced its full-year FY2025/3 consolidated financial results.
- Net sales rose 0.8% YoY to JPY 185,114 mn, and operating profit surged 261% YoY to JPY 3,459 mn, almost in line with the Company’s revised estimate as of April 22, confirming its upward earnings momentum.
- However, SIR believes the results indicate lingering challenges in profitability and financial dynamics, as actual ROE remained at 4.8%, falling short of the Company’s Medium-Term Management Plan scenario, which emphasizes ROE improvement.
As One Corp (7476 JP): Nothing Unscientific About the Growth Prospects, As One Precedes
- AS ONE Corporation (7476 JP)‘s revenue rose 9% YoY to ¥104B as growth was witnessed across segments in FY25. Operating profit grew 11% YoY to ¥11.6B (margin: 11.2%, up 30bps).
- E-Commerce revenue was ¥34B (up 22% YoY) contributing 33% of total sales. Product offering increased by 1.8M SKUs YoY to 12.4M SKUs.
- For FY26, As One expects consistent growth in revenue and profits. The company unveiled new medium-term plan, with an aim to maintain an average annual growth rate of 7–8%.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
