The Must Read PSA Weekly Research Round-up (week to 12 Apr)
REPORTS: Daifuku (6383 JT) / Nidec (6594 JT) / Kakuyasu (7686 JT) / Hotland (3196 JT) / INDUSTRY INSIGHTS: Video games industry round-up / Is live service gaming bad news for consoles? Or for console game developers? / Global music market grew 10% YoY in 2023 – IFPI / MISCELLANEOUS, MARKET & MACRO: January wage data revised down / March PPI / China PPI, CPI below expectations / February industrial production revised down / COMPANY INSIGHTS, NEWS, PREVIEWS & RESULTS: Microsoft’s Japan investments / Shin-Etsu plans new IC materials plant / Boeing whistleblower claims the Dreamliner is unsafe / Yaskawa’s FY24 Q1 orders looking firm / Fujikura continues to rise on duel theme / Omron explores “cognitive robotics” in new partnership / Toyota reorganises Daihatsu overseas operations / presents new generation 4Runner SUV
The Weekly Comment by Pelham Smithers
Because of the Lunar New Year Holiday, it is difficult to assess how the Chinese economy is doing. Next week sees a slew of economic data releases out of Beijing, which should afford some clarity about how China’s economy is performing, says Pelham Smithers.
Reports / Flash Notes Published This Week: Headlines at a Glance
1. How Nidec (6594 JT) Could Benefit from the AI Boom
2. Daifuku (6383 JT) Update – N. America Improvement & More Chip Fabs
3. Kakuyasu Group (7686 JT) Initiation Report – GPMs Rising on Post-Covid & Inbound Tourism Recovery
4. Hotland (3196 JT) Company Visit Memo
Company / Sector / Thematic Comments at a Glance
Technology: Consumer Electronics, Gaming
1. Video Games Industry Round-up
2. Live Service Gaming: is it Bad for Consoles / Console Game Developers?
3. Global Music Market Grew 10% YoY in 2023 – IFPI
4. Is Rise of the Ronin Japan’s Top-Selling Game at Present?
5. Other Consumer Elec / Gaming News & Moves That Caught Our Eye
Technology: Industrial Electronics / Components / Semis & SPE / Precision
6. Microsoft’s Japan Investments
7. Fujifilm et al Increase US Investments
8. Other Tech-Related News & Moves That Caught Our Eye
Chemicals / Materials
9. Asahi Kasei Posts Strong Monthly Housing Orders
10. Shin-Etsu Plans New IC Materials Plant
11. Boeing Whistleblower Claims That The Dreamliner is Unsafe
12. Other Chemical / Material-Related News & Moves That Caught Our Eye
Autos
13. Toyota Reorganises Daihatsu’s Overseas Operations
14. Toyota Presents Its New Generation 4Runner SUV
15. Other Auto-Related News & Moves That Caught Our Eye
Capital Goods: Auto Parts / Machinery
16. Yaskawa’s FY24 Q1 Orders Looking Firm
17. Fujikura Listing High Ascension to ¥3,000?
Enterprise Software / IT Services
18. Sansan FY23 Q3 Preview / Results
19. Shift’s FY24 Q2 Results Miss Consensus Estimates
20. Money Forward’s FY24 Q1 Sales Beat Market Expectations
Pharma / Medical Equipment / Healthcare
21. Pharma News & Moves That Caught Our Eye
Small- / Mid-Cap Insights
22. Treasure Factory: KPIs Ahead of FY24 (Midterm plan) / FY23 Results
23. Curves Reports FY24 Q2 Results
24. Koshidaka Revises Up
25. S-Pool FY24 Q1 Preview / Results
Miscellaneous / Market / Strategy / Macro
26. China PPI, CPI Lower in March
27. Japan’s Industrial Production Revised Down
28. Other News & Moves That Caught Our Eye
PSA Company Visits, Tours and Interviews
Visited: Koshidaka Holdings (2157 JT)
Conference Calls with: Curves (7085 JT), S-Pool (2471JT)
Presentations at: Tresure Factory (3096 JT), Koshidaka Holdings (2157 JT), Teijin (3401 JT)
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