The Must Read PSA Weekly Research Round-up (week to 08 Apr)

REPORTS: Wacom (6727 JT) / INDUSTRY INSIGHTS: February camera shipments weak / Japanese machinery stocks may be at risk if Russia becomes an ESG issue / China lockdown threatens already weak smartphone market / Semiconductor order lead time continues to rise despite production ramp-up / Global auto sales under pressure / COMPANY INSIGTS, NEWS, PREVIEWS & RESULTS: Honda and GM to extend their EV collaboration / Denso sags on Honda / GM EV tie-up / Sony looks to be a loser from the Honda / GM EV tie-up / Might Microsoft add Activision games to Game Pass? / Can Panasonic resolve its main problem of lack of scale? / Japan Display shares jump again / Samsung Electronics 1Q 2022 OP +50% YoY / Toyota faces large compensation claim in Australia

The Weekly Comment by Pelham Smithers

It is quite likely that someone in Japan now, half-way through their working career, has little income and little in the way of savings, along with ever-decreasing prospects that this will change. Would/could inflation help in these circumstances, asks Pelham Smithers.

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

1. Wacom (6727 JT) Q3 FY21 Review and Outlook – Growth Even with Post-Covid Uncertainty

Company / Sector / Thematic Comments

Technology: Consumer Electronics, Gaming

1. Might Microsoft (MSFT US) Add Activision (ATVI US) Games to Game Pass?
2. Can Panasonic (6752 JT) Resolve Its Main Problem of Lack of Scale?
3. Sony (6758 JT) Looks to be a Loser from the Honda / GM EV Tie-up
4. Samsung (005930 KS) Reports 1Q 2022 OP +50% YoY
5. China Lockdown Threatens Already Weak Smartphone Market
6. Slide in Twitch Viewing Hints at Peak eSports, Game Streaming
7. Other Consumer Elec / Gaming News & Moves That Caught Our Eye

Technology: Industrial Electronics / Components / Semis & SPE / Precision

8. February Camera Shipments Weak
9. Semiconductor Order Lead Time Continues to Rise Despite Production Ramp Up
10. Japan Display (6740 JT) Shares Jump Again
11. Other Tech-Related News & Moves That Caught Our Eye

Chemicals / Materials

12. Tokyo Ohka (4186 JT) Analyst Meeting On Then Off


13. Global Auto Sales Under Pressure
14. Honda (7267 JT) and GM (GM US) to Extend Their EV Collaboration
15. Toyota (7203 JT) Faces a Large Compensation Claim in Australia
16. Nissan (7201 JT): Sees SSBs as a Game Changer, Replacing LiBs

Auto Parts / Machinery

17. Denso (6902 JT) Sags on Expansion of Honda / GM EV Tie-Up
18. Yaskawa (6506 JT) FY22 OP Guidance +36% YoY to Record ¥72bil
19. Japanese Machinery Stocks at Risk if Russia Becomes an ESG Issue

Internet / eCommerce

20. GMO Financial Gate (4051 JT) Surges as Travel Advisories are Eased
21. Other Internet / eCommerce News & Moves That Caught Our Eye

Enterprise Software

22. NTT Data (9613 JT) Continues to Invest in Overseas Expansion
23. Shift (3697 JT) Raises FY22 Forecasts, Beats Estimates in Q2


24. SoftBank Group (9984 JT) to Limit Losses in Public Entity Investments


25. Pharma News & Moves That Caught Our Eye


26. Retailers Reporting Results / Monthly Sales
27. Other News & Moves That Caught Our Eye

Market / Strategy / Macro

28. March Money Supply +7.9% YoY
29. 30-yr US Treasury Yields at the Highest Since mid-2019 / Yen Ticks Up Again / JGBs Weaken
30. China Caixin Services March PMI 42.0
31. TSE Free-float Changes Announced

PSA Company Visits, Tours and Interviews

Conference Calls: Yaskawa Electric (6506 JT)
Presentation at: Mitsui Chemicals (4183 JT)

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