The Must Read PSA Weekly Research Round-up (week to 02 Dec)
REPORTS: Eisai (4523 JT) INDUSTRY INSIGHTS: Global mobile game sales down 6.6% YoY in week to 20 Nov / Global video game console sales +25% YoY in week to 19 Nov / PS5, Xbox continue to face stock issues in Japan – Gematsu / Might 2023 be the low point for SPE sales in the 2020s? / Japanese automakers see strong rebound in US auto sales / COMPANY INSIGHTS, NEWS, PREVIEWS & RESULTS: Sony to supply iPhone 15 with image sensors / Nidec expands its machine tool business / Honda not giving up on Europe yet / IHI up on broker upgrade and travel recovery / SMC possibly hit by China concerns / Mercari sold down despite strong seasonal performance / CyberAgent gains on Japan’s World Cup performance / What’s up with NRI’s down-trending shares? / Second death linked to lecanemab trial / the drug “works” part II/ MISCELLANEOUS, MARKET & MACRO: Japan economic data / 3Q corporate software spend +27% YoY / Japanese consumer confidence at its lowest levels since Covid
The Weekly Comment by Pelham Smithers
The Bank of Japan may, finally, be getting nominal GDP to grow. That is particularly good news for Japan’s healthcare sector, as Pelham Smithers explains.
Reports / Flash Notes Published This Week: Headlines at a Glance
1. Eisai’s (4523 JT) Lecanemab Results Presentation
Company / Sector / Thematic Comments at a Glance
Technology: Consumer Electronics, Gaming
1. Worldwide Mobile Game Sales -6.6% YoY in Week to 20 Nov
2. Global Video Game Console Sales +25% YoY in Week to 19 November
3. PS5, Xbox Continue to Face Stock Issues in Japan – Gematsu
4. Sony (6758 JT) to Supply iPhone 15 with Image Sensors
5. Other Consumer Elec / Gaming News & Moves That Caught Our Eye
Technology: Industrial Electronics / Components / Semis & SPE / Precision
6. Might 2023 be the Low Point for SPE Sales in the 2020s?
7. Nidec (6594 JT) Expands its Machine Tool Business
8. Other Tech-Related News & Moves That Caught Our Eye
Chemicals / Materials
9. Tokyo Ohka (4186 JT) Still Seeing Resilient Conditions
Autos
10. Japanese Automakers See Strong Rebound in US Auto Sales
11. Honda (7267 JT) Not Giving up on Europe Yet
12. Other Auto-Related News & Moves That Caught Our Eye
Auto Parts / Machinery
13. IHI (7013 JT) Gains on Broker Upgrade and Travel Recovery
14. SMC (6273 JT) Possibly Hit by China Concerns
15. Komatsu (6301 JT) and HCM (6305 JT) Sag on Strong Yen
Internet / eCommerce
16. Mercari (4385 JT) Sold Down Despite Strong Seasonal Performance
17. CyberAgent (4751 JT) Benefits from Japan Moving Ahead in World Cup
18. Other Internet / eCommerce News & Moves That Caught Our Eye
Enterprise Software / IT Services
19. What’s Up with NRI’s (4307 JT) Down-Trending Shares?
Pharma
20. Eisai (4523 JT): Second Death Linked to Lecanemab Trial
21. Lecanemab “Works” Part II
22. Other Pharma News & Moves That Caught Our Eye
Market / Strategy / Macro
23. Japan Economic Data – Unusually Important Retail Sales Release Due Out
24. 3Q 2022 Corporate Software Spend Rises 27% YoY
25. Japanese Consumer Confidence at its Lowest Levels Since Covid
26. Other News & Moves That Caught Our Eye
PSA Company Visits, Tours and Interviews
Visited: TDK (6762 JT), Showa Denko (4004 JT), UBE Corp (4208 JT), Tokyo Ohka Kogyo (4186 JT)
Conference Calls with: ExaWizards (4259 JT), email Q&A with Sansan (4443 JT)
Presentations at: Murata (6981 JT), Zeon Corp (4205 JT), Mitsui Chemicals (4183 JT), Asahi Kasei’s (3407 JT) subsidiary Zoll Medical, Nihon Nohyaku (4997 JT), Sakai Chemical (4078 JT)
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