The Must Read PSA Weekly Research Round-up (week to 24 Feb)
REPORTS: Shinko Electric (6967 JT) / Toyota (7203 JT) / INDUSTRY INSIGHTS: VTuber listing approval sends related plays higher / Video games industry round-up / Global EV sales in December +39% YoY / Europe records modest EV sales growth in January / Global game console sales +10% YoY in Jan / MISCELLANEOUS, MARKET & MACRO: Attention growing on Shunto outcome / Housing-related stocks downgraded / Japan CPI +4.3% YoY in Jan / COMPANY INSIGHTS, NEWS, PREVIEWS & RESULTS: Gran Turismo AI now available for everyone to compete against / Toyota to build EVs in the US / wage negotiations / Mining and housing strength for excavator makers / Mitsubishi Chemical updates its medium-term plans
The Weekly Comment by Pelham Smithers
With all the excitement over Nvidia and AI, Japan’s AI space is worth investigating, particularly as firms like Hitachi and Sony are already marrying their manufacturing skills with their developing AI capabilities.
Reports / Flash Notes Published This Week: Headlines at a Glance
1. Shinko Electric (6967 JT) – Chance for a Soft Landing
2. Toyota (7203 JT) – Set for Earnings Recovery, but FY23 Guidance Could Disappoint
Company / Sector / Thematic Comments at a Glance
Technology: Consumer Electronics, Gaming
1. Is the Metaverse Dead?
2. Video Games Industry Round-up
3. Global Game Console Sales +10% YoY in January
4. VTuber Listing Approval Sends Related Plays Higher
5. Sony’s (6758 JT) Gran Turismo AI Now Available for Everyone to Compete Against
6. Other Consumer Elec / Gaming News & Moves That Caught Our Eye
Technology: Industrial Electronics / Components / Semis & SPE / Precision
7. Readthrough for Shinko (6967 JT) from Positive Reception for Intel 4th Gen Xeon CPUs
8. Other Tech-Related News & Moves That Caught Our Eye
Chemicals / Materials
9. Asahi Kasei (3407 JT): More M&A for its Housing Business
10. Mitsubishi Chemical Updates its Medium-term Plans
Autos
11. Dec 2022 Global EV Sales +39% YoY
12. Europe Records Modest EV Sales Growth in January
13. Toyota (7203 JT) to Build EVs in US
14. Toyota Wage Negotiations
15. Other Auto-Related News & Moves That Caught Our Eye
Auto Parts / Machinery
16. Mixed Moves in Komatsu (6301 JT) / Daikin (6367 JT) This Week
17. Ferrotec (6890 JT) Gains on Solid AMAT Sales Guidance
18. Nvidia Earnings Lift Chip-Related Plays
Internet / eCommerce
19. Anycolor’s (5032 JT) Nijisanji vs Gree’s (3632 JT) REALITY
20. Other Internet / eCommerce News & Moves That Caught Our Eye
Enterprise Software / IT Services
21. Money Forward (3994 JT) to Take One-Time Expense
22. Cybozu (4776 JT) Jan Sales a Tad Disappointing, But OPM Highest in Nearly 3-Years
Miscellaneous / Market / Strategy / Macro
23. Attention Growing on Shunto Outcome
24. Housing-Related Stocks Downgraded
25. Japan CPI +4.3% YoY in January
26. Other News & Moves That Caught Our Eye
PSA in the Press
Pelham Smithers comments in the FT on Sony’s shifting revenue streams “Anime and ‘The Last of Us’ are transforming Sony’s business” by Leo Lewis and Kana Inagaki [FT 23rd February 2023]
PSA Company Visits, Tours and Interviews
Presentations at: Mitsubishi Chemical Group (4188 JT)
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