The Must Read PSA Weekly Research Round-up (week to 19 Apr)
REPORTS: Koei Tecmo (3635 JT) / Treasure Factory (3093 JT) / Inbound Tourism Hits Historical High: PSA Ideas / INDUSTRY INSIGHTS: Video games industry round-up / European video game console sales slump in March / 2024 Q1 global smartphone / PC shipments / March European auto sales: Japanese OEMs outperform / Machinery orders continue strong start to the year / Cable makers outperforming the market / Inbound tourism on the up / COMPANY INSIGHTS, NEWS, PREVIEWS & RESULTS: Nidec expands liquid cooling system operations / ASML Q1 bookings just €3.61bil / TSMC cuts chip market forecast on weak consumer demand / Toshiba job cuts a reminder of overemployment at Japanese firms / Fujifilm Holdings announces its ‘Vision 2030’ plan / Resonac revises up beyond consensus / Does Mazda have a quality problem? / Nissan lowers its FY23 guidance / Nissan to use gigacasting for EV manufacturing
The Weekly Comment by Pelham Smithers
The conclusions of Ben Bernanke’s report on Bank of England forecasting are being echoed in Tokyo, where next week, we will see Japan’s central bank having to square its decision to raise rates with its current inflation forecasts, says Pelham Smithers.
Reports / Flash Notes Published This Week: Headlines at a Glance
1. Koei Tecmo (3635 JT) Revises Down
2. Treasure Factory (3093 JT) – Rising Inbound Tourists Could Be ASP Driver
3. Inbound Tourism Hits Historical High
Company / Sector / Thematic Comments at a Glance
Technology: Consumer Electronics, Gaming
1. Video Games Industry Round-up
2. European Video Game Console Sales Slump in March
3. Global Smartphone Shipments +8% YoY in 2024 Q1, PC Shipments +4%
4. Other Consumer Elec / Gaming News & Moves That Caught Our Eye
Technology: Industrial Electronics / Components / Semis & SPE / Precision
5. Nidec Expands Liquid Cooling System Operations
6. ASML Q1 Bookings Just €3.61bil
7. TSMC Cuts Chip Market Forecast on Weak Consumer Demand
8. Toshiba Job Cuts a Reminder of Overemployment at Japanese Firms
9. Fujifilm Holdings’ Vision 2030 Plan
10. Other Tech-Related News & Moves That Caught Our Eye
Chemicals / Materials
11. Resonac Revises Up Beyond Consensus
12. Other Chemical / Material-Related News & Moves That Caught Our Eye
Autos
13. March European Auto Sales: Japanese Automakers Outshine Peers
14. Does Mazda Have a Quality Problem?
15. Nissan Lowers its FY23 Guidance
16. Nissan to Use Gigacasting for EVs
Capital Goods: Auto Parts / Machinery
17. Cable Makers Still Outperforming
18. Machinery Orders Extend Their Strong Start to the Year
19. Other Capital Goods-Related News & Moves That Caught Our Eye
Enterprise Software / IT Services
20. ERP Software / IT Services News & Moves That Caught Our Eye
Pharma / Healthcare / Medical Equipment
21. Astellas Decides on a Spring Cleaning Exercise
22. Sysmex / KHI’s Medicaroid Robot Approved for Respiratory Surgery in Japan
23. Other Pharma News & Moves That Caught Our Eye
Small- / Mid-Cap Insights
24. Inbound Tourism on the Rise
25. Park24’s March KPIs
26. Hotland’s March SSS Performance
Miscellaneous / Market / Strategy / Macro
27. Bank of Japan to Move Away from Inflation Targeting?
28. Other News & Moves That Caught Our Eye
PSA Company Visits, Tours and Interviews
Visited / Calls with: Treasure Factory (3093 JT), Curves (7085 JT), Insource (6200 JT)
Presentations at: Fujifilm Holdings (4901 JT), Mitsui Mining & Smelting (5706 JT)
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