The Point for Japan

研报英文原文证据摘录

The Point for Japan

Point |

Wednesday, 15 July 2026

Company | Industry | FX | Key Rating and Target Price Changes

Company

Fuji Electric (6504.T) - Fair Trade Commission conducts on-site inspection of

food distribution business

On July 14, Yomiuri Shimbun and other media outlets reported that the Japan Fair

Trade Commission conducted on-site inspections at Fuji Electric and two other

companies. Subsequently, the company disclosed that it had indeed been

inspected. According to the media reports, the three companies are suspected of

violations of the Antimonopoly Act (unreasonable restraint of trade) by repeatedly

coordinating bids (commonly known as bid-rigging) for refrigerated and frozen

showcases for Seven-Eleven Japan. While sales to convenience stores in Fuji

Electric food distribution business total c¥40bn (FY3/26), we believe the firm’s

main Seven-Eleven Japan business is in counter fixtures & fittings. We view the

direct impact as limited, but any impact on the Seven-Eleven Japan counter

fixtures business would be a concern. We await further updates. Even if the

allegations prove true, we would expect no impact on government and municipal

bidding since this involves...

Takero Fujiwara

Ebara (6361.T) - IR Day 2026: Briefings about the precision & electronics,

energy, and building service segments

Ebara hosted an IR Day 2026 from 13:30 (Japan time) on July 14, holding

presentations and Q&A sessions on the precision & electronics, energy, and

building service segments. The company mentioned price hikes aligned with the

value provided in CMP equipment, a key earnings growth driver in the precision &

electronics business. The company also expressed confidence in capturing share

in CMP equipment for middle-process applications (hybrid Cu bonding and BS-