Sept 11

2026-09-17T13:30:39+00:00

Highlights this week: Hitachi has developed a symbiosis between its main AI product, Lumada, & its Energy and Mobile divisions, which is generating a positive feedback loop between the three. Furthermore, the Energy business is in hyperdrive, because not only is it being revolutionized by AI, but demand for its energy grid services is also booming because of AI. Pelham reviews the outlook and updates his earnings model. Meanwhile, Lindsay looks at the IT Service sector which showed stronger sales growth than margin improvement….

Sept 112026-09-17T13:30:39+00:00

Sept 04

2026-09-17T13:12:26+00:00

Highlights this week: A constituent of the PSA 2026 Q3 Focus List, small-cap software solutions firm Fixstars disappointed the market with a weaker FY26 Q3 than hoped for. However, in his latest update, analyst Pelham notes that the underlying growth remains impressive. Its involvement in the Qualcomm robotics centre project should help address a key issue we have with the firm, which is awareness in the business community. Also Pelham discusses the impact on earnings from Hitachi’s expanding offerings in its HMAX range of services…..

Sept 042026-09-17T13:12:26+00:00

Aug 21

2026-09-17T13:12:09+00:00

Highlights this week: Advanced materials analyst Nicky provides details of several key technological developments discussed at the IEEE’s [Institute of Electrical and Electronics Engineers] Hot Interconnects Conference. Of note was Meta’s AI networking architecture and photonic computing firm Lightmatter's insights on the vital role photonics plays in scale-up systems. Lindsay reports back on her email exchange with ExaWizards discussing the sharp drop in the FY26 Q1 GPM and what to expect going forward.

Aug 212026-09-17T13:12:09+00:00

Aug 14

2026-08-27T14:28:01+00:00

Highlights this week: With the bulk of results out of the way, analyst Pelham assesses the big picture for Japan’s gaming stocks, highlighting his top picks and noting which firms he remains negative on. Also in this note is a recap of the recent results comments. Internet Initiative Japan has reported its FY26 (Mar yr-end) Q1 results. With the market likely shifting focus to the significant sales beat and the surge in System Integration orders, Lindsay reviews the Q1 performance and outlook for the full year.........

Aug 142026-08-27T14:28:01+00:00

Aug 07

2026-08-20T16:02:57+00:00

Highlights this week: Pelham reviews Capcom’s excellent FY26 Q1 performance, assesses the outlook to FY28 and has raised his forecasts. He also reviews the FY26 Q1 performance of Bandai Namco and Nintendo, both of which reported results this week and raises key questions for the full-year and beyond. Meanwhile, the last five (Nissan, Honda, Mitsubishi Motors, Toyota, Mazda) Japanese automakers have released their FY26 Q1 results, Julie reviews their performance for the full year ………………

Aug 072026-08-20T16:02:57+00:00

Jul 31

2026-08-07T14:32:19+00:00

Highlights this week: Julie previews Toyota’s FY26 Q1 results which look set to be boosted by the currency. However, she explains why she does not anticipate an upward revision to the full-year. Meanwhile Konami’s Q1 performance smashed consensus estimates but the firm left the full-year guidance unchanged, as Pelham notes that the shares are still below last year’s. Lindsay looks at NEC as they raised its full-year FY26 guidance on a consensus busting Q1 and notes that this is a strong start for the year......

Jul 312026-08-07T14:32:19+00:00

Jul 24

2026-07-31T15:07:51+00:00

Highlights this week: Both Obic (4684 JT) and OBC (4733 JT) produced FY26 results that beat consensus estimates. Lindsay reviews the performance and discusses whether current valuations are justified. Pelham highlights two strands of the same AI infrastructure story – the fear that cheaper, more efficient AI models could undermine chip demand, and the evidence from memory markets that AI-related demand is still absorbing rising supply. Natsuko accesses Shin-Etsu Chemical modest set of FY26 Q1 results ...........

Jul 242026-07-31T15:07:51+00:00

May 29

2026-06-12T09:52:37+00:00

Highlights this week: In efficient markets, it shouldn’t matter what time of year you buy & sell a stock. But it seems to with Hitachi. Pelham asks, “Is the pattern set to repeat in 2026 or will this year be different?” Meanwhile, most automakers published upbeat FY26 guidance numbers, despite facing increasingly difficult market conditions. Julie assesses each firm’s forecasts & whether they can meet them or not. Thao updates her numbers following CyberAgent's strong FY26 Q2 results and maintains her positive stance..........

May 292026-06-12T09:52:37+00:00

May 15

2026-05-29T14:44:01+00:00

Highlights this week: Pelham takes us through Capcom’s results and FY26 outlook, meanwhile Lindsay looks at JMDC’s share price decline as a clear message of the market’s disappointment in the company’s earnings, based on the weak FY26 OP guidance, it draws our attention to other companies in the IT Service Sector, that are more attractive options. Thao reviews CyberAgent’s FY26 Q2 performance & concludes that the full-year guidance now looks conservative. Julie takes a look at Isuzu, who have produced FY25 Q4 OP.....

May 152026-05-29T14:44:01+00:00

Apr 17

2026-05-15T16:24:33+00:00

Highlights this week: Japanese video game stocks have had a tough start to 2026 with the third-party publishers sold off on concerns that AI would undermine their business models, while the console makers have been sold off over rising memory costs, in store sales of video games from Japanese publishers have been selling well. Pelham provides previews, flagging what to expect for FY25 and what to watch out for in the new forecasts. Julie Boote previews Toyota’s FY25 Q4 results [due 8 May], anticipating a beat FY25........

Apr 172026-05-15T16:24:33+00:00
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