The Must Read PSA Weekly Research Round-up (week to DD MMM)

REPORTS: Sansan Inc (4443 JT) / INDUSTRY INSISIGHTS: Japan unveils its hydrogen program / Digital console game sales struggling / MACRO: Q3 GDP / Nov household spending and bankruptcies / COMPANY INSIGHTS: New NEC contracts underscore changing business / Update on Kuroda Precision’s in-vogue Fastec system / Might NTT push through a merger of the NEC and Fujitsu telecom equipment businesses? / Is Rakuten rethinking mobile pricing? / BASE Inc launches “Purchasing Site Super Delivery App” / online shop numbers reach 1.3mil / Plus additional COMPANY INSIGHTS

The Weekly Comment by Pelham Smithers

With Covid reasserting in Japan, Pelham Smithers takes a clear-eyed look at the Japanese government’s response so far. The honeymoon is over for PM Suga, while the economy is on a knife-edge, he concludes.

Reports / Flash Notes Published This Week: Headlines at a Glance

1. Sansan (4443 JT): Meishi Kokan Goes Digital

Company / Sector / Thematic Comments at a Glance

Technology: Consumer Electronics, Gaming

1. Digital Console Game Sales Also Struggling
2. Capcom’s (9697 JT) Street Fighter Online No.1 in the Chinese Download Charts
3. Edia’s (3935 JT) Music Subsidiary Signs a China-Wide Distribution Deal
4. Gumi (3903 JT) Reports Weak FY20 Q2

Technology: Industrial Electronics and Electronic Components

5. New NEC (6701 JT) Contracts Underscore Changing Business
6. Snippets on Hitachi (6501 JT)
7. Might NTT Push a Merger of NEC (6701 JT) & Fujitsu’s (6702 JT) Telecom Equipment Businesses?

Technology: Semiconductor Production Equipment & Precision

8. Update on Kuroda Precision’s In-vogue Fastec System

Technology Developments

9. Japan Unveils Hydrogen Program

Chemicals / Materials

10. Showa Denko (4004 JT) at the Starting Line


11. Government’s Plan to Ban ICE Vehicle Sales by 2030
12. Renewed Excitement over Toyota’s Solid-State Battery
13. Toyota (7203 JT) Presents EV Plan for Europe
14. Toyota (7203 JT) is Pressing All the Right CASE Buttons

Auto Parts / Machinery

15. Auto Parts Makers Hitting New Highs on EV Theme
16. Fanuc Boosted by ¥32,000 Foreign Broker Target
17. China Hydraulic Plays Firm


18. Is Rakuten Rethinking Mobile Pricing?
19. Son Looking to Take SoftBank Group Private

Internet / eCommerce

20. BASE Inc (4477 JT) Launches “Purchasing Site Super Delivery App”; Signs 1.3mil Stores

Enterprise Software

21. Money Forward’s (3994 JT) Receivables & Early Repayment Businesses Top ¥30bil
22. NTT Data (9613 JT) Ties Up with US Start-Up, Securitize


23. Pharma Moves & News


24. Moves & News That Caught Our Eye


25. GDP / Household Spending / Bankruptcies

PSA Company Visits, Tours and Interviews

• Visited: Showa Denko (4004 JT), Ube Industries (4208 JT), Toyota Ind (6201 JT), Nabtesco (6268 JT), Komatsu (6301 JT), Daifuku (6383 JT)
• Conference Calls with: Z Holdings (4689 JT) Q&A with Cybozu (4776 JT), Tosoh (4042 JT), Showa Denko (4004 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), Research Exchange and ResearchPool.