In this quarterly strategy report, we look to evaluate where we are with regards the bull market conditions, and where those indicators might be headed, factoring in the downside risks, from Trump tariffs and the US economy, BoJ actions, Japanese earnings and valuations.
Following the recent results season where several leading semiconductor and SPE companies globally produced either disappointing results or guidance, we look at where the semiconductor industry is at present, where it looks to be headed in 2025 and identify opportunities in the Japanese IC / SPE space.
News that the French eyewear / lens maker EssilorLuxoticca has taken a 5% stake in Nikon (7731 JT) is fascinating, and not just because it comes hard on the heels of the Couche-Tard / Seven & I (3382 JT) discussions. Like the Seven & I situation, it is unlikely that EL would want to own all of Nikon. So: should it gain control of the Japanese precision equipment maker, some very spicy divisions would be up for sale.
EQS-News: Nikon Corporation / Key word(s): Offer Nikon Corporation: Nikon’s Public Takeover Offer for SLM Successful 20.01.2023 / 10:10 CET/CEST The issuer is solely responsible for the content of this announcement. Nikon’s Public Takeover Offer for SLM Successful January 20, 2023 Tokyo, Japan, January 20, 2023 – Nikon Corporation (“Nikon”) announced the fulfilment of all closing conditions for the voluntary public takeover offer (the “Takeover Offer”) by Nikon AM. AG (the “Bidder”), a direct subsidiary of Nikon, for the shares (ISIN DE00A111338 and ISIN DE000A289BJ8) o...
EQS-News: Nikon Corporation / Schlagwort(e): Übernahmeangebot Nikon Corporation: Öffentliches Übernahmeangebot von Nikon für SLM erfolgreich 20.01.2023 / 10:10 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Öffentliches Übernahmeangebot von Nikon für SLM erfolgreich 20. Januar 2023 Tokio, Japan, 20. Januar 2023 – Nikon Corporation („Nikon“) hat den Eintritt aller Vollzugsbedingungen für das freiwillige öffentliche Übernahmeangebot (das „Übernahmeangebot“) der Nikon AM. AG (die „Bieterin“), einer direkten Tochtergesellschaft von Nik...
EQS-News: Nikon Corporation / Key word(s): Offer Nikon Corporation: Nikon Has Secured 92.38 % of SLM at Expiry of Additional Acceptance Period 23.11.2022 / 10:45 CET/CEST The issuer is solely responsible for the content of this announcement. Nikon Has Secured 92.38 % of SLM at Expiry of Additional Acceptance Period November 23, 2022 Tokyo, Japan, November 23, 2022 – Nikon Corporation (“Nikon”) today announced that at the expiry of the additional acceptance period for the voluntary public takeover offer (the “Takeover Offer”) for the shares (ISIN DE00A111338 and ISIN ...
EQS-News: Nikon Corporation / Schlagwort(e): Übernahmeangebot Nikon Corporation: Nikon hat sich zum Ablauf der weiteren Annahmefrist 92,38 % von SLM gesichert 23.11.2022 / 10:45 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Nikon hat sich zum Ablauf der weiteren Annahmefrist 92,38 % von SLM gesichert 23. November, 2022 Tokio, Japan, 23. November 2022 – Nikon Corporation („Nikon“) hat heute bekanntgegeben, dass sich ihre direkte Tochtergesellschaft Nikon AM. AG (die „Bieterin“) zum Ablauf der weiteren Annahmefrist für das freiwi...
EQS-News: Nikon Corporation / Schlagwort(e): Übernahmeangebot Nikon hat sich während der Annahmefrist 86,17% an SLM gesichert, weitere Annahmefrist beginnt am 5. November 2022 04.11.2022 / 10:40 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Nikon hat sich während der Annahmefrist 86,17% an SLM gesichert, weitere Annahmefrist beginnt am 5. November 2022 4. November 2022 Tokio, Japan, 4. November 2022 – Nikon Corporation („Nikon“) hat heute bekanntgegeben, dass sich ihre direkte Tochtergesellschaft Nikon AM. AG (die „Bieterin“) z...
EQS-News: Nikon Corporation / Key word(s): Offer Nikon has Secured 86.17% in SLM During the Acceptance Period, Additional Acceptance Period Begins on November 5, 2022 04.11.2022 / 10:40 CET/CEST The issuer is solely responsible for the content of this announcement. Nikon has Secured 86.17% in SLM During the Acceptance Period, Additional Acceptance Period Begins on November 5, 2022 November 4, 2022 Tokyo, Japan, November 4, 2022 – Nikon Corporation (“Nikon”) today announced that at the expiry of the acceptance period for the voluntary public takeover offer (the “Takeo...
EQS-News: Nikon Corporation / Key word(s): Offer Nikon Corporation: Acceptance Period of Nikon's Public Takeover Offer for SLM Commences: SLM Shareholders can Tender Their Shares from Today 30.09.2022 / 11:05 CET/CEST The issuer is solely responsible for the content of this announcement. Acceptance Period of Nikon's Public Takeover Offer for SLM Commences: SLM Shareholders can Tender Their Shares from Today September 30, 2022 Offer document published today following approval by BaFin Acceptance period runs from today until November 1,2022 Cash consideration o...
EQS-News: Nikon Corporation / Schlagwort(e): Übernahmeangebot Nikon Corporation: Annahmefrist des öffentlichen Übernahmeangebots von Nikon für SLM beginnt: SLM-Aktionäre können ihre Aktien ab heute andienen 30.09.2022 / 11:05 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Annahmefrist des öffentlichen Übernahmeangebots von Nikon für SLM beginnt: SLM-Aktionäre können ihre Aktien ab heute andienen 30. September 2022 Angebotsunterlage wurde heute nach Gestattung durch die BaFin veröffentlicht Annahmefrist läuft von heute bi...
DGAP-News: Nikon Corporation / Schlagwort(e): Öffentliche Ausschreibung Nikon kündigt öffentliches Übernahmeangebot für SLM an 02.09.2022 / 08:11 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Nikon kündigt öffentliches Übernahmeangebot für SLM an: Geplanter Zusammenschluss schafft einen weltweit führenden Anbieter für 3D-Metalldruck Barangebot von 20 Euro je Aktie; Transaktionswert entspricht 622 Mio. Euro Nikon zeichnet Kapitalerhöhung von SLM in Höhe von ca. 10% Nikon hat sich bereits 61,1% des gesamten Aktienkapital...
DGAP-News: Nikon Corporation / Key word(s): Tender Offer Nikon to Partner with SLM Through a Public Takeover Offer 02.09.2022 / 08:11 CET/CEST The issuer is solely responsible for the content of this announcement. Nikon to Partner with SLM Through a Public Takeover Offer To Become a Leading Global Player in Metal 3D Printing September 2, 2022 Cash consideration of EUR 20.00 per share resulting in a transaction value of EUR 622 million Nikon is subscribing to a directed capital increase of SLM for approx. 10 % Nikon has already secured 61.1% of the total share c...
The general evaluation of NIKON (JP), a company active in the Recreational Products industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date March 25, 2022, the closing price was JPY ...
Although the Japanese economy, politics and stock market seem to be where they were this time last year, there is a seismic shift going on in the way the Japanese stock market behaves that could make investing in Japan in 2022 quite different to previous years. We look at how and why this shift has taken place and what it means for investing in Japan in the coming year.
It has been nine years since a downturn generated sizable losses for the semiconductor industry and 12 years since the Lehman Crisis led to major structural changes. The length and size of the upcycle has led to worries that the cycle is about to peak and when it does, the downturn could be brutal for both the industry and investors. The current uncertainty is heightened by shortages in many types of semiconductors, with average delivery times pushed out to 20 weeks. Some customers are having to...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Nikon is likely to report an operating loss of ¥bil in FY20 as the firm has failed to keep pace with ASML in IC lithography and at the same time the digital camera market has imploded. Pelham Smithers discusses some promising signals that might improve the firm’s dire fortunes and he calls for some much-needed cost-cutting.
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