COVID-19 – Pelham Smithers

Mar 05

Mar 05

PSA2021-03-12T13:58:33+00:00

Highlights this week: REPORTS: Ricoh (7752 JT) INDUSTRY INSIGHTS: Corporate software spend rebounds in Q4 2020 Among electricals, spring wage negotiations take on a Covid spin Mobile game net sales surge in 1Q US auto sales fall in February Wireless pricing wars MACRO: Feb PMI Employment data for Jan CY20 Q4 capex Monetary base COMPANY INSIGHTS: Is Apple set to cut iPhone production more than originally expected? Sony ends on-demand video purchasing from PlayStation Store Plus Additional COMPANY INSIGHTS

Mar 05PSA2021-03-12T13:58:33+00:00

Feb 05

Feb 05

PSA2021-02-12T16:28:57+00:00

Highlights this week: REPORTS: PSA’s Annual Global Auto Sales Outlook: 2021 INDUSTRY INSIGHTS: Debate widens on semis and 5G MACRO: Covid cases Japan’s Jan monetary base +18.9% YoY China’s Caixin’s Jan Composite PMI down from 55.8 to 52.2 COMPANY NEWS, PREVIEWS & RESULTS: Technology: Consumer & Ind’l Electronics / Components / SPE / Precision Sony / Nintendo /Konami / SQE / Panasonic / Hitachi / Rohm / TDK / Kyocera / Lasertec / Nihon Kohden / Megachips / Ibiden / Nikon Plus additional COMPANY NEWS, PREVIEWS & RESULTS

Feb 05PSA2021-02-12T16:28:57+00:00

Nov 27

Nov 27

PSA2020-12-04T14:18:10+00:00

Highlights this week: REPORTS: BASE Inc (4477 JT) Daikin (6367 JT) INDUSTRY INSIGHTS MLCCs and semiconductors: two sides of the same coin Mixed outlook for US auto sales financing business EV-plays sparking interest Request for easier renewable energy regulations COMPANY INSIGHTS: PS5 shortage continues Nintendo taps Sharp for Switch production New rice-milling game becoming a cult hit for Marvellous Plus additional COMPANY INSIGHTS

Nov 27PSA2020-12-04T14:18:10+00:00

Nov 20

Nov 20

PSA2020-11-27T14:05:44+00:00

Highlights this week: REPORTS: Nintendo (7974 JT) Murata (6981 JT) Our impressions from the Automobilwoche auto conference MACRO: Japan GDP Rebounds Nicely Is deflation returning to Japan? INDUSTRY INSIGHTS: EUV – growing market means competition COMPANY INSIGHTS: Price of a PS5 – if you can get one The trouble with Nintendo… Capcom’s ransomware attack Plus additional COMPANY INSIGHTS & RESULTS

Nov 20PSA2020-11-27T14:05:44+00:00

Oct 16

Oct 16

PSA2020-10-23T13:44:53+00:00

Highlights this week: REPORTS: GMO Financial Gate (4051 JT) Yaskawa Electric (6506 JT) Suga’s Digital Investment Plan INDUSTRY INSIGHTS: What Japan stock investors should look for from the iPhone launch event Consumption via smartphone rises Japan’s automakers facing massive safety belt recall Daimler’s mobility insurance venture sets an example for auto industry Update on NASH MACRO: China imports surge Plus additional COMPANY INSIGHTS

Oct 16PSA2020-10-23T13:44:53+00:00

Sep 25

Sep 25

PSA2020-10-02T13:26:45+00:00

Highlights this week: REPORT: Nabtesco (6268 JT) MARKET / MACRO: Covid / lockdown / WFH stars in Mothers index INDUSTRY INSIGHTS: Channel checks suggest new iPhone production is high-end oriented Amazon enters the video game streaming market COMPANY INSIGHTS: Readthrough from the Microsoft / Bethesda Deal Can Capcom release a Monster Hunter and a Resident Evil title every year? Plus additional COMPANY INSIGHTS

Sep 25PSA2020-10-02T13:26:45+00:00

Aug 07

Aug 07

PSA2020-08-14T12:49:19+00:00

Highlights this week: REPORTS: ZOZO (3092 JT) Toyota (7203 JT) COMPANY INSIGHTS: Z Holdings and LINE to merge in Mar 2021 RESULTS / PREVIEWS: Consumer Electronics: Sony’s impressive FY20 1Q OP Nintendo’s staggering FY20 Q1 OP +428% YoY Video Games: Square Enix Q1 OP +242% Capcom Q1 OP +39% YoY Nexon, DeNA and Mercari beat estimates Plus COMPANY RESULTS & PREVIEWS

Aug 07PSA2020-08-14T12:49:19+00:00

July 31

July 31

PSA2020-08-07T13:12:17+00:00

Highlights this week: REPORTS: Asahi Kasei (3407 JT) Nidec (6954 JT) Nissan (7201 JT) Fanuc (6954 JT) Yaskawa (6506 JT) INDUSTRY INSIGHTS: Q1 2020 software spend even stronger than originally thought MACRO: Japan’s trade data Plus additional COMPANY PREVIEWS / RESULTS and INSIGHTS

July 31PSA2020-08-07T13:12:17+00:00

July 17

July 17

PSA2020-07-31T14:51:00+00:00

Highlights this week: REPORT: Nintendo’s 1Q FY20 Preview Sony (6758 JT): PS5 Production Plans Raised MARKET / MACRO China’s curious economy (statistically speaking) INDUSTRY INSIGHTS: Auto sector outperforms on hopes for H2 sales recovery Automation and A/C stocks still hitting new highs Plus additional INDUSTRY & COMPANY INSIGHTS

July 17PSA2020-07-31T14:51:00+00:00

July 10

July 10

PSA2020-07-20T14:16:59+00:00

Highlights this week: REPORTS: Oro (3983 JT) Yaskawa Electric (6506 JT) Densan Systems (3630 JT) MARKET / MACRO: The “Lying-V” shape recovery Masayoshi vs Masatoshi Latest Japan data indicates economy on a knife edge Economy Watchers Survey ahead of expectations PPI better than expected Plus additional INDUSTRY and COMPANY INSIGHTS

July 10PSA2020-07-20T14:16:59+00:00

Apr 09
Highlights this week: REPORTS: Sony (6758 JT) Fanuc (6954 JT) Toshiba (6502 JT) INDUSTRY INSIGHTS: Camera industry’s horror show Strong outperformance of Japanese automakers in the US in CY21 Q1 MACRO: Weak household spending, wage data for February China PPI COMPANY INSIGHTS: Is Sony the big winner from Covid Mark II? Sony in 5-yr Netflix exclusivity deal / Sony Music continues to acquire IP Plus additional COMPANY RESULTS & INSIGHTS […]
Apr 01
Highlights this week: REPORTS: Japan Market Strategy Toyota Industries (6201 JT) MACRO: Retail sales; jobs data Tankan looking optimistic INDUSTRY INSIGHTS: Greenhouse gases are a hot topic Implications of an emissions trading scheme Expectations for President Biden’s Infrastructure plan COMPANY INSIGHTS: NEC “Face Express” to be trialled in April, launched in July Hitachi to acquire GlobalLogic for ¥1tril Plus additional INDUSTRY & COMPANY INSIGHTS […]
Mar 26
Highlights this week: REPORTS: JSR (4185 JT) Jig-Saw Inc (3914 JT) Intel to the rescue MACRO: Renesas and the Fed bet BoJ virus lending hits record ¥18.7tril COMPANY INSIGHTS: JSR’s strategy looks solid but not surprising Mitsui M&S revises up INDUSTRY INSIGHTS: Positive outlook for auto financial services China automation dip Plus additional COMPANY & INDUSTRY INSIGHTS […]
Mar 19
Highlights this week: REPORTS: Cybozu (4776 JT) Nissan Motor (7201 JT) Diamond Electric (6699 JT) INDUSTRY INSIGHTS: Memory price moves Bitcoin heading to US$60,000 again Positive forex development for automakers Petrochemical shares rise on recovering prices Hydrogen story moves to “fire ice” COMPANY INSIGHTS: Will FY21 be better for Nintendo than FY20? NEC meshes Japan My Number system with ID verification and personal authentication Plus additional COMPANY INSIGHTS […]
Mar 12
Highlights this week: REPORTS: Square Enix (9684 JT) at a crossroads Nippon Steel (5401 JT), steelmaking, and the potential for a hydrogen-based solution INDUSTRY INSIGHTS: Is SOX being sold off on valuations, outlook, or “a bit of both”? Do electric mini cars make sense? MACRO: Feb bank lending Revised Q4 2020 GDP Labour cash earnings Feb PPI Plus COMPANY INSIGHTS […]