J.P. Morgan Japan FTM 16 Jun 26 Seibu Holdings meeting; Electronic components production statistics; Nittobo update; Nippon Electric Glass update; ABC-Mart update; and ST HD update and More

研报英文原文证据摘录

J.P. Morgan Japan FTM 16 Jun 26 Seibu Holdings meeting; Electronic components production statistics; Nittobo update; Nippon Electric Glass update; ABC-Mart update; and ST HD update and More

Asia Pacific Equity Research

Japan First to Market 16 June 2026

Top Stories

Seibu Holdings (9024) (Ryota Himeno) (9024 JP, N)

Takeaways from meeting with CEO: Positive view on timely updates regarding NAV maximization

We participated in a small meeting (for sell-side analysts) with the CEO. At 2:00 p.m. today, Seibu Holdings announced an

update on progress regarding the FY2024-26 medium-term business plan (MTP) and management initiatives focused on the

cost of capital and the share price, and the main discussion centered on these topics. Management is aware that the weak

share price reflects concerns about delays in the Takanawa redevelopment project, and intends to provide supplementary

updates and thorough explanations wherever possible. While asset liquidation, growth investments, and redevelopment

projects aimed at maximizing NAV are still in progress, we positively view Seibu Holdings' timely updates and

explanations. Below, we summarize the main points of the company’s explanation.

Electronic Components Sector (Akinori Kanemoto)

Component Data Deposition: METI production statistics (electronic components, semiconductors)

for Apr 2026: Passive Components firm, MLCCs drive growth

METI released April 2026 production statistics on June 12. April domestic production value (USD basis) was generally in line

with seasonal norms for electronic components and below seasonal norms for semiconductors. In electronic components,

passive components outpaced seasonal norms, and MLCCs drove growth. MLCCs did not show an upward trend in April data,