As of August 2025, Tokyo Electron (8035.T) enters a volatile stretch. The stock has swung from a late‑July weekly close near 27,960 to 21,505 on August 15, and sits 26.59% below its 52‑week level despite durable profitability. The company’s trailing 12‑month revenue is 2.43T with a 22.08% profit margin and 26.33% operating margin; cash stands at 367.51B and the current ratio is 2.97. Short‑term pressure stems from a Digitimes‑reported profit forecast cut and an ongoing investigation into alleged TSMC technology leaks involving a TEL Taiwan employee, which the company says it is addressing. Dividend support remains meaningful (forward yield 2.26%; ex‑date 9/29/2025). This note outlines a three‑year outlook, balancing cycle dynamics in wafer‑fab equipment against headline risk, governance steps, and customer capex plans.

SoftBank Group (9984.T) enters August 2025 with momentum tied to the AI cycle and renewed operating performance. Over the past year the shares have gained 84.99%, approaching a 52‑week high of ¥15,860. Fundamentals have improved: trailing‑twelve‑month revenue stands at ¥7.36 trillion, gross profit at ¥3.79 trillion, and profit margin at 23.76%, supported by EBITDA of ¥1.2 trillion and diluted EPS of ¥779.19. The balance sheet remains leveraged (total debt ¥19.65 trillion versus total cash ¥4.19 trillion; current ratio 0.84), but free cash flow is positive on a levered basis. A 0.30% dividend yield and low 5.65% payout leave flexibility for investment. With headlines highlighting an AI‑led profit recovery and a push into AI server manufacturing via a Foxconn Ohio plant deal, investors will watch execution, valuations and capital allocation closely.

Embraer S.A. (ERJ) enters August 2025 with momentum after a 79.52% 52‑week gain, supported by a record $30 billion backlog and improving fundamentals. The company’s trailing 12‑month revenue stands at 39.8B with operating margin at 9.97% and profit margin at 5.37%, while return on equity is 11.32%. Shares recently closed at 58.71, within a 52‑week range of 31.76–61.65, and trade above the 50‑day and 200‑day moving averages. Analyst sentiment has tilted constructive following an upgrade to Outperform and a price target lift to $67, even as some institutions trimmed positions. With 6.86B in cash versus 12.68B of debt and solid operating cash flow of 5.59B, the balance sheet supports execution. This note outlines a three‑year view centered on backlog conversion, margins, and catalysts.

Credicorp Ltd. (NYSE: BAP) enters August 2025 with strong profitability, rising revenues, and a share price testing record territory. Trailing-twelve-month revenue stands at 18.75B with a 30.76% profit margin and 53.26% operating margin, while ROE of 16.64% underscores solid capital efficiency. Shares have rallied 51.56% over the past year and recently approached the 52-week high of 250.41, supported by improving momentum above the 200-day moving average. Cash (39.42B) exceeds total debt (26.73B), and a forward annual dividend yield of 4.42% complements a roughly half-earnings payout ratio. Near term, investors await the company’s declared 2Q25 quiet period, with quarterly revenue growth of 13.10% and earnings growth of 17.60% yoy providing a constructive backdrop. Over the next three years, valuation discipline, dividend sustainability, and execution on growth will be central to BAP’s risk–reward.