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The PSA Must Read Weekly Research Round-up (week to July 14th): Reports out this week on Digital Garage (4816) & Daiichi Sankyo Pharma (4568)

PSA Japan Weekly Research Round-up for the week end July 14th:
The Weekly Comment by Pelham Smithers (please contact our sales team for access info for the full comment):
Japanese non-manufacturing firms are paying a summer bonus of 5.5% more than last year – the first sign that the Japanese economy is overheating...so, we are getting close to calling a switch out of GARP into risk-on stocks.
Reports / Flash Notes Published This Week: Headlines at a Glance (Please contact our sales team for access information to our full reports):
1. Internet: Digital Garage (4819) – Change in Investment Strategy Makes Sense
2. Pharmaceuticals: Daiichi Sankyo Pharmaceutical (4568) – Busted Flush?
Company / Sector / Thematic Comments at a Glance (Please contact our sales team for more details):
Technology: Consumer Electronics / Gaming / Components / Industrial Electronics
1. Sony (6758): Good Box Office Last Weekend, Even Better This Week / Deal with Spotify
2. Nintendo (7974): Switch Console Sales Remain Below Sales of PS4 Last Week in Japan
3. Gumi (3903): Ups the Ante in VR / Strong Collaborations of Characters Across Genres
4. Square Enix (9684): FFXV: A New Empire Surprises by Moving Up in the App Charts
5. Pachinko: Police Limit Number of Balls in Play
6. Toshiba (6502): Checking the Auditors Now
Chemicals / Electronic Materials
7. LiB Separator Market Dynamics: Key Players, Machinery Suppliers

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