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The Must Read PSA Weekly Research Round-Up (week to July 28): Reports on Sony - Encouraging PSVue Subscriptions / Trend Micro Initiation/ Results Notes on Nissan/Showa Denko/ Shin-Etsu Chem/Sekisui Chem/ LINE/CyberAgent

PSA Japan Weekly Research Round-Up for the week ending July 28th:
The Weekly Comment by Pelham Smithers (please contact our sales team for access to the full comment):
Toshiba's troubles...the possibility of bankruptcy, whether the accounts will get signed off on time, the threat of delisting and getting the approval to sell Toshiba Memory......... 
Reports / Flash Notes Published This Week: Headlines at a Glance (please contact our sales team for access details):
1. Consumer Electronics: Sony (6758) – Encouraging Indications on PSVue Subscriptions
2. Internet: Trend Micro (4704) Initiation – Superior Cybersecurity Solutions
Earnings Notes Published This Week: Headlines at a Glance (full reports available upon request):
1. Autos: Nissan (7201) FY17 Q1 – Profits Decline in All Regions Except Japan
2. Chemicals: Showa Denko (4004): FY17 Revision – Good News Was Already Known, Bad News is New
3. Chemicals: Shin-Etsu Chemical (4063) – Strong Q1 Results Outweighs Any Concerns over Lower Guidance
4. Chemicals: Sekisui Chemical (4204) – Waiting for Growth Strategies to Kick In
5. Internet: LINE (3938) – FY17 Q2 Results Do Not Lead Us to Revise Our Forecasts
6. Internet: CyberAgent (4751) – FY17 Q3 Results Comment Below Consensus
Company / Sector / Thematic Comments at a Glance (please contact our sales team for access details):
Technology: Consumer Electronics / Gaming / Industrial Electronics / Precision / Electronic Components
1. Nintendo (7974): FY17 Q1 Results / Pokémon Go Party a PR Disaster

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