The Must Read PSA Weekly Research Round-up (week to 07 April 2017)

Summaries of Reports Published this week on Strategy/KDDi/CyberAgent, IIJ, JOCND/US Auto Sales

Reports / Flash Notes Published This Week: Headlines at a Glance

1. Strategy: Japan Market Strategy 2017 Revisited, One Quarter In
2. Internet: CyberAgent’s (4751) AbemaTV vs IIJ’s (3774) JOCND JV with TV Broadcasters
3. Telecoms: KDDi (9433) Visit Feedback – Booming “Life Design Business” a Focus
4. Autos: US Sales in March – SAAR Drops to Lowest Level in 12 Months

Company / Sector / Thematic Comments at a Glance

Technology: Consumer Electronics / Industrial Electronics / Gaming

1. Nintendo (7974): “Warpgate”
2. Universal Music / Spotify Deal is Good News for Sony (6758)
3. Sharp (6753): Watch Out for the Effects of the ‘C’ Share Conversion
4. Battle Between Fujitsu (6702) and Giken Kogyo’s Chairman, Beji Sasaki, for Solekia (9867)
5. Konami (9766): Read-across From Interview on Casinos in Japan / Universal Entertainment (6425)
6. Nikon (7731): Moving to a ROIC-based Business Model

Chemicals / Electronic Materials

7. Thoughts on the Apple A11 Processor and the Materials Suppliers

Autos

8. Mazda (7261): Share Performance Suffering due to Currency

Machinery

9. Yaskawa Electric (6506): Reality Check
10. The Heavies – It’s All About Management

Internet

11. CyberAgent (4751) Firing on All Cylinders
12. We Rain on GREE’s (3632) Parade
13. Amazon Japan’s Logistics Problems: Read-across to eCommerce Rivals

Pharma

14. Chugai (4519) Update: Great Company, Great Potential…Shame About the Valuations
15. Good News for Cyberdyne (7779) as MoH&W is Introducing Care-use Robot Subsidies
16. Kyowa Hakko Kogyo (4151): Phase III for “Moga” Meets Primary Endpoint
17. Heptares, Sosei’s (4565) Subsidiary, Receives Another Milestone Payment

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