The Must Read PSA Weekly Research Round-up (week to 16 Aug)
Highlights this week: REPORTS: Sysmex (6869 JT) / Sanrio (8136 JT) / Japan Video Game Review / INDUSTRY INSIGHTS: China auto sales decline in July / Cable makers continue their rise / MISCELLANEOUS MARKET & MACRO: Kishida won’t run again / Japan’s 2Q GDP / COMPANY INSIGHTS, NEWS, PREVIEWS & RESULTS: Sony’s success with novel-based “Rom Drams” continues / Capcom updates million sellers list, underscoring depth of catalogue sales / Is April 2025 now the earliest that the Switch 2 will arrive? / Class action suit filed against Toyota / Toyota shares rise on yen, hybrid story / Sony’s success with novel-based “Rom Drams” continues
The Weekly Comment by William Nestuk
PSA’s Capital Goods analyst William Nestuk comments on the mixed bag of results from the Machinery, Automation and Cable makers and finds plenty to be positive about.
Reports / Flash Notes Published This Week: Headlines at a Glance
1. Sysmex (6869 JT) Starts FY24 with Best-Ever Quarter
2. Sanrio (8136 JT) – Upward Revision Still Conservative
3. Japanese Video Game Publishers – Complacency is the Enemy
Company / Sector / Thematic Comments at a Glance
Technology: Consumer Electronics, Gaming
1. Sony’s Success With Novel-Based “Rom Drams” Continues
2. Capcom Updates Million Sellers List, Underscores Depth of Catalogue Sales
3. Is April 2025 Now the Earliest that the Switch 2 Will Arrive?
4. Other News & Moves That Caught Our Eye
Technology: Industrial Electronics / Components / Semis & SPE / Precision
5. Technology-related News & Moves That Caught Our Eye
Chemicals / Materials
6. Chemical / Materials News & Moves That Caught Our Eye
Autos / New Mobility
7. China Auto Sales Decline in July
8. Class Action Suit Filed Against Toyota
9. Toyota Shares Gain on Yen, Hybrid Story
10. Other Auto News & Moves That Caught Our Eye
Auto Parts / Machinery / Capital Goods
11. Cable Makers’ Moves This Week
12. Other Capital Goods News & Moves That Caught Our Eye
Internet / eCommerce
13. Internet / eCommerce News & Moves That Caught Our Eye
Enterprise Software / IT Services
14. JMDC Shares Rally Nearly 20% in a Week
15. ExaWizards Has Strong Start to FY24
16. Appier Beats on FY24 Q2 Sales and OP but Keeps Forecasts Intact
17. PKSHA FY24 Q3 Shows Steady Progress
18. Enechange FY24 Q2 Semi-Annual Report Submission Delay Approved
Pharma / Healthcare
19. Pharma News & Moves That Caught Our Eye
Small- / Mid-Cap Insights
20. Kakuyasu: Staff Increases Squeeze Q1 OP but Full-Year Contributions Likely to Lead to a Beat to Guidance
21. Park24’s July KPIs Support Our More Bullish Forecasts for FY24
22. Other News & Moves That Caught Our Eye
Miscellaneous / Market / Strategy / Macro
23. Kishida Decides Not to Run
24. Japan Q2 GDP +0.8% QoQ
25. Other News & Moves That Caught Our Eye
PSA Company Visits, Tours and Interviews
Visited / 1:1 Calls with: Kakuyasu Group (7686 JT), Sanrio (8136 JT), Park24 (4666 JT)
Presentations at: QB Net (6571 JT)
*If you would like access to the full weekly the reports highlighted, or the full Weekly (which includes the full comment) and if you would like to see the list of reports produced YTD, please contact our sales team.
You can also find PSA research on FactSet, Thomson Reuters (Reuters Knowledge, Thomson One Analytics, Starmine), Capital IQ, Bloomberg (under PSAZ < GO> or by typing in the < stock code> equity CN PSA), Alpha Sense, Electronic Research Interchange and ResearchPool.
