The Point for Japan

研报英文原文证据摘录

The Point for Japan

major factor behind the consensus miss. We think investors reacted negatively

because that impact had not been fully priced in. Meanwhile, Accenture maintains

AI demand remains robust, citing AI security as a growth pillar. However, AI

demand has not yet begun to lift earnings. While Japanese companies appear to

have minimal Middle East exposure, the materialization of AI demand also seems a

way off.

Moriya Koketsu

Japan Chemicals - AI materials: Latest tech trends, Japanese company strengths

and issues

We heard this week about AI-related materials technology trends in interviews

with Mitsubishi Gas Chemical’s Toru Harada (Executive Officer, Division Director,

Electronics materials Division, Specialty Chemicals Business), Tsuyoshi Yamazaki

(General Manager, Laminate Material Group, Electronics materials Division,

Specialty Chemicals Business), and Kiyonari Hiramatsu (General Manager, Raw-

New Materials Sales & Marketing Department, Electronics materials Division,

Specialty Chemicals Business); Nitto Boseki’s Hiroki Kajikawa (Senior Executive

Officer, Deputy Division General Manager of the Corporate Management Division,

General Manager Corporate Communication); JX Advanced Materials’ Tomoji

Mizuguchi (Senior Executive Officer, Deputy General Manager, Technology Group);

Asahi Kasei’s Toshiyasu Horie (Representative Director, Primary Executive Officer,

CFO); and Mitsui Kinzoku’s Kenji Kubou (General Manager, Business Planning

Department) and Kenji Mori (Assistant General Manager, Marketing Group, New

Product & Process Development). We also followed up on AGC’s June 2

semiconductor-related business briefing and attended talks on PTFE at JPCA

2026 (June 10-12).

Yuta Nishiyama

Fixed Income

Japan Rates - Liquidity tap auction on 19 June 2026 (5y-11y)