In today’s briefing:
- Japan Morning Connection: Tech Dip Buying Likely After Wobble from Takaichi Political Challenge
- Ohayo Japan | It Will All Be Fine
- Japan Activist Briefs | Sun Corp, MegaChips, KeePer
Japan Morning Connection: Tech Dip Buying Likely After Wobble from Takaichi Political Challenge
- 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
Ohayo Japan | It Will All Be Fine
- A day of celebration with the Israel–Gaza peace deal, but markets took greater comfort from President Trump’s softer tone on China – dialling back tariff threats and easing geopolitical tension.
- Japan returns from holiday having largely sidestepped last week’s global sell-off. A modest reset is likely, but domestic investors can count themselves fortunate to have missed the worst of it.
- Broadcom–OpenAI supply deal lifted US tech sentiment, though its impact on Japan’s semiconductor food chain should be limited. Local focus remains firmly on domestic politics.
Japan Activist Briefs | Sun Corp, MegaChips, KeePer
- Sun Corp (6736 JP): A deep-value holding company trading below the value of its 44% stake in NASDAQ-listed Cellebrite; positioned as a discounted proxy on the growth of digital forensics.
- MegaChips (6875 JP): A fabless semiconductor firm with a legacy ASIC business but a hidden asset in its ¥160 billion SiTime stake; City Index Eleven to pressure value unlock
- KeePer (6036 JP): A high-margin car detailing business with embedded optionality through its SOFT99 stake; activist entry by Misaki Capital ensures governance pressure.
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