The Must Read PSA Weekly Research Round-up (week to 24 Dec)
REPORTS: ExaWizards (4259JT) / INDUSTRYINSIGHTS: Possible end of US EV tax incentive bill – competitive advantage for Toyota, Nissan / MISCELLANEOUS, MARKET & MACRO: Japan department store sales bounce back in Nov / Topix hit a 50-year low relative to the MSCI World Index in US dollar terms / COMPANY INSIGHTS, NEWS, PREVIEWS & RESULTS: Spider-man debuts at US$253mil in US box office – 3rd highest ever / Sony inks deal with Zee / Square Enix puts console back-catalogue on sale on smartphone and showcases Q4 lineup/ Micron numbers underscore DRAM market rebound / Hoya’s CEO Suzuki to be succeeded by CTO Ikeda / Nissan initiates Japan decarbonisation project / Minebea Mitsumi buys ¥73bil Tokyo office building from Nippon Express
The Weekly Comment by Pelham Smithers
Pelham Smithers presents us with 12 small-cap / frontier stock(ing filler)s to consider for 2022.
Reports / Flash Notes Published This Week: Headlines at a Glance
1. ExaWizards (4259 JT): Don’t Be Fooled by a Disappointing Debut
Company / Sector / Thematic Comments at a Glance
Company / Sector / Thematic Comments
Technology: Consumer Electronics, Gaming
1. Sony (6758 JT): Spider-man Movie is a Huge Hit / Inks Deal with Zee (Z IN)
2. Square Enix’s (9684 JT) Console Back-Catalogue Available on Smartphones / Introduces Q4 Line-Up
3. Strong Holiday Season Console Sales
Technology: Industrial Electronics / Components / Semis & SPE / Precision
4. Micron (MU US) Numbers Underscore DRAM Market Rebound
5. Whistle Blower Impact Hits Hitachi (6501 JT)
6. Hoya’s (7741 JT) CEO Suzuki to be Succeeded by CTO Ikeda
Autos
7. Possible End of US EV Tax Incentive Bill Creates Competitive Advantage for Toyota (7203 JT), Nissan (7201 JT)
8. Nissan (7201 JT) Initiates Japan Decarbonisation Project
Auto Parts / Machinery
9. Minebea Mitsumi (6479 JT) Buys ¥73bil Tokyo HQ Building of Nippon Express
10. Komatsu (6301 JT) 10% Hike Above Expectations
Enterprise Software </h3
11. Sansan (4443 JT) Wins Dentsu (4324 JT) as New Client for Bill One Invoicing
12. Cybozu (4776 JT) Expects Another Year of Heavy Spending
13. ExaWizards (4259 JT) Falls on First Day of Trading
14. Other ERP-Software-Related News & Moves That Caught Our Eye
Telecom
15. KDDI (9433 JT) Ties Up with Highway Bus Operator Willer
Pharma
16. More Data Required for Eisai’s (4523 JT) Aduhelm
17. Other Pharma News & Moves That Caught Our Eye
Miscellaneous
18. Other News & Moves That Caught Our Eye
Market / Strategy / Macro
19. Topix Relative to MSCI World Index at 50-year Low in US$ Terms
20. Japan Department Store Sales Bounce Back in November
PSA Company Visits, Tours and Interviews
• Visited: Denso (6902 JT), Minebea Mitsumi (6479 JT), Daifuku (6383 JT)
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