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PSA Weekly Research Wrap-Up for the week ending 15th May: Reports on Square Enix, Mazda, Nissan and Calsonic Kansei

PSA Weekly Research Wrap-Up for the week ending 15th May 

Reports Headlines at a Glance:

1. Consumer Electronics: Square Enix (9684) - Video Game Triple Play 2

2. Autos: Mazda (7261) - Update on Toyota Tie-up

3. Autos: Nissan (7201) Q4 falls somewhat short; FY15 FX assumptions sunnier than the peer group's

4. Auto Parts: Calsonic Kansei (7248): FY15 Outlook Conservative

Results/Company/Sector/Thematic Comments at a Glance: 

5. Toshiba (6502): Accounting Probe

6. Sharp (6752): Past the Point of Caring? Pref Issuance No Surprise

7. Nintendo (7974): Five New Games Announced Shows Commitment to Smartphone Games

8. Sumco (3436 JP): Read-Across from Shin-Etsu ahead of Q1 Results; Results Comment

9. Sekisui Chem (4204 JP): Visit Conclusion - FY15 Forecasts are Not Aggressive

10. TOK (4186 JP): Typically Conservative Guidance

11. Nippon Shokubai (4114 JP): High Expectations for Fine Chemicals in FY15

12. Nissha Printing (7915): Weak FY15 Guidance

13. Asahi Kasei (3407): Upside to Come from Housing?

14. Japan Display (6740): Should Improve After a Weak Q1

15. Kaneka (4118): Aggressive Guidance, but Some Question of Credibility

16. Mitsui Chem (4183): Unimpressive Guidance for FY15

17. Ube (4208): Strong FY15 Guidance – Recovery in Chemicals

18. Nitto Denko's (6988): Thin Polarizer NOT Targeting LCD TV Vol Zone a +ve for Kuraray

19. Nabtesco (6268 JP): FY15 Forecasts Conservative

20. NOK (7240): Solid FY14 but FY15CE Conservative

21. SoftBank's (9984): Wobbles with No FY15 Forecast and Son's Stepdown as President

22. KDDi (9433): GARP; Top Pick in TPCOMM Sector; Read-Across to Video Game Stocks

23. DeNA (2432): Numbers Not Yet Reflecting Nintendo Contributions

24. Isuzu (7202): Weak Profitability and Low Share Holder Returns Remain our Concern

25. Astellas (4503): Core vs Non-Core Earnings

26. Santen (4536): Looking Cheap Now

27. DSK (4568): Decent Forecasts but Astellas (4503) Looking More Interesting Now

28. Takeda (4502): Core Earnings Continue to Decline

You can also find PSA research on FactSet, Thomson Reuters (Reuters Knowledge, Thomson One Analytics, Starmine), Capital IQ, and Bloomberg (under PSAZ <GO> or by typing in the < stock code> equity CN PSA <GO>), or ask your sales contact to forward you the full notes

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