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

Autos

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

Telecom

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

Pharma

23. Pharma Moves & News

Miscellaneous

24. Moves & News That Caught Our Eye

Macro

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)

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