The Must Read PSA Weekly Research Round-up (week to 31 December)
Reports / Flash Notes Summaries
1. PSA Tech Thoughts
In this report we recap technology-related reports and thoughts from the research team for the month of December to the 24th.
2. Park24 (4666 JT) – Improving Shareholder Returns
In this report analyst Hiroyuki Terada adjust his forecasts to account for changing short-term cost profile, noting near-term improvement to shareholder returns.
3. Fujikura (5803 JT) – Preferred Supplier Advantage
In this report, analyst Will Nestuk updates his forecasts on Fujikura, noting its niche competitive advantage and structural growth posture.
4. Japan’s New EV Model Offensive
In this report analyst Julie Boote updates the outlook for Japan’s EV model offering and the competitive challenges they face.
Industry Insights
Blended NAND price hits US$4.54 for 256Gb – first time since 2018
Korean NAND, DRAM exports surge in November
Japan SPE sales +3.7% YoY in Nov [3mo ma basis]
Macro / Market / Misc.
Weekend opinion polls report collapse in Japan opposition parties’ support
Foreigners sell ¥1.23tril worth of Japanese shares in week to 19 Dec
Tokyo CPI +2.0% YoY in December
Japan targets first primary budget surplus in 28 years
Bank of Japan Buys ¥3.3tril in JGBs in December
Company Insights: News / Previews & Results
Jack Black does the talk show rounds for Anaconda
Anaconda Underwhelms on Four-day Box Office
Octopath Traveler franchise hits 6mil sales mark
The end of an era as Nidec’s Nagamori steps down
Osaka Organic revises up on electronic materials
The Weekly Comment by Pelham Smithers
Although this is the season “to be jolly”, with bears prowling the streets of Japan, it may make more sense to look for negatives. So for this week, Pelham highlights six potential “short” ideas for 2026.
Company / Sector / Thematic Comments at a Glance
Technology: Consumer Electronics, Gaming
1. Jack Black Does the Talk Show Rounds for Anaconda Movie
2. Anaconda Underwhelms on Four-day Box Office
3. Octopath Traveler Franchise Hits 6mil Sales Mark
4. Other News & Moves That Caught Our Eye
Technology: Industrial Electronics / Components / Semis & SPE / Precision
5. Blended NAND Price Hits US$4.54 for 256Gb – First Time Since 2018
6. Japan SPE Sales +3.7% YoY in Nov [3mo ma basis]
7. Korean NAND, DRAM Exports Surge in November
8. The End of An Era as Nidec’s Nagamori Steps Down
9. Other News & Moves That Caught Our Eye
Chemicals / Materials
10. Osaka Organic Revises Up on Electronic Materials
Autos / New Mobility
11. News & Moves That Caught Our Eye
Capital Goods / Machinery / Auto Parts
12. News & Moves That Caught Our Eye
Internet / eCommerce
13. News & Moves That Caught Our Eye
Enterprise Software / IT Services
14. News & Moves That Caught Our Eye
Small- / Mid-Cap Insights
15. News & Moves That Caught Our Eye
Macro / Market / Strategy / Misc.
16. Weekend Opinion Polls Report Collapse in Japan Opposition Parties’ Support
17. Foreigners Sell ¥1.23tril Worth of Japanese Shares in Week to 19 Dec
18. Tokyo CPI +2.0% YoY in December
19. Japan Targets First Primary Budget Surplus in 28 Years
20. Bank of Japan Buys ¥3.3tril in JGBs in December
21. Other News & Moves That Caught Our Eye
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