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

REPORTS: Daikin (6367 JT) / Subaru (7270 JT) / INDUSTRY INSIGHTS: Japan mobile game sales +50% YTD / January auto production hurt by chip shortage / MARKET / SRATEGY: JGB yields hit 5-year high / Five stocks for bargain hunters to consider / COMPANY INSIGHTS: Sony warns on PS5 chip production, announces PSVR2 / SQE’s NieR Re(in)carnation falls from top position in charts / Plus additional COMPANY INSIGHTS

The Weekly Comment by Julie Boote

Chairman Osamu Suzuki, who masterminded Suzuki Motors’ momentous decision to enter the India motor market, is finally retiring at the age of 91.
Julie Boote takes this opportunity to assess Suzuki’s ambitions regarding EV and other challenges and considers them in the context of rivals Mazda and Subaru.

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

1. Subaru (7270 JT) Recovery: Delayed, not Rescinded
2. Daikin (6367 JT) – OPM Acceleration Intact. Commodities Spike – Weak H1 FY21 Fears

Company / Sector / Thematic Comments at a Glance

Technology: Consumer Electronics, Gaming

1. Japan Mobile Game Sales +50% YTD
2. Sony (6758 JT) Warns on PS5 Chip Production, Announces PSVR2
3. Square Enix’s (9684 JT) New Mobile Game NieR Re(in)carnation Slips in Charts

Technology: Industrial Electronics and Electronic Components

4. A Double Upward Revision for Megachips (6875 JT)
5. Hitachi (6501 JT): Auto Division / China Grid Order / Lumada, ABB Integration
6. Hitachi’s (6501 JT) “Environmental Day”; It Presents itself as a Quantum Computing Play
7. Lucid Motors and Murata’s (6981 JT) Battery Pack

Technology: Semiconductor Production Equipment & Precision

8. AMAT Gives TEL (8035 JT) a Boost

Pharma Materials

9. Fujifilm’s CDMO Business Still Looking Good


10. Nissan (7201 JT) Unveils the New Qashqai Iteration
11. January Auto Production Hurt by Chip Shortage

Auto Parts / Machinery

12. Toyota Industries (6201 JT) Share Price Rebound on RAV4 Production
13. Daikin (6367 JT) Hit by Soaring Copper Prices
14. Diamond Electric (6699 JT) Continues to Shine

Internet / eCommerce

15. BASE Inc (4477 JT) Gets a Downgrade

Enterprise Software

16. TIS Inc (3626 JT) Makes Another Thai Investment
17. Cybozu’s (4776 JT) Mixed Start to FY21


18. Micro- / Small-Cap Stock Moves and News That caught Our Eye

Market / Strategy / Macro

19. Five Stocks for Bargain Hunters to Consider
20. Nikkei Slumps as JGB Yields Hit 5-yr High
21 Flight from Quality

PSA Company Visits, Tours and Interviews

• Visited: Fujifilm Holdings (4901 JT), Showa Denko (4004 JT), Ube Industries (4208 JT), Kuraray (3405 JT); Yaskawa Electric (6506 JT), Daikin (6367 JT), Nabtesco (6268 JT), Diamond Electric (6699 JT), Toyota Industries (6201 JT), Enechange (4169 JT)
• Results call with: Okura Industrial (4221 JT)

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