The Must Read PSA Weekly Research Round-up (week to 12 Jan)
REPORTS: Money Forward (3994 JT) / Fanuc (6954 JT) / INDUSTRY INSIGHTS: Video game stocks proving popular / Industry round-up / Nov camera shipments slump / Automation shares firm / Red Sea shipping disruptions for auto industry building / MISCELLANEOUS, MARKET & MACRO: Sakurai’s comments are a reminder that rate hike talks aren’t going away / Tokyo CPI / core inflation / Nov 2023 wages +0.2% YoY / COMPANY INSIGHTS, NEWS, PREVIEWS & RESULTS: Nintendo Switch 2 chatter heats up / Sony unveils mixed reality headset at CES2024 / Renesas looks to acquire Transphorm / Sumitomo Chemical divests Inabata shares / Nissan Chemical firms on perovskite solar cells / Kaneka reported to triple building-integrated PVs / Honda considers building an EV plant in Canada / presents two new “0 EV Series” models / Suzuki Motor to boost capacity in India
The Weekly Comment by Julie Boote
As the EV market is having problems, some auto groups are pointing out that their hydrogen related projects are making progress: Toyota’s multi-pronged technology approach is becoming increasingly acceptable.
Reports / Flash Notes Published This Week: Headlines at a Glance
1. Money Forward (3994 JT) FY23 Preview and FY24 Outlook
2. Fanuc (6954 JT) FY23 Q3 Preview – Near-term Caution
Company / Sector / Thematic Comments at a Glance
Technology: Consumer Electronics, Gaming
1. Video Game Stocks Proving Popular
2. Video Game Industry Dec Data
3. Nintendo Switch 2 Chatter Heats Up
4. Sony (6758 JT) Unveils Mixed Reality Headset at CES2024
Technology: Industrial Electronics / Components / Semis & SPE / Precision
5. Nov Camera Shipments Slump
6. Renesas (6723 JT) Looks to Acquire Transphorm
7. Other Tech-Related News & Moves That Caught Our Eye
Chemicals / Materials
8. Sumitomo Chemical (4005 JT) Divests Inabata (8098 JT) Shares
9. Nissan Chemical (4021 JT) Firms on Perovskite Solar Cells
10. Kaneka (4118 JT) Reported to Triple Building-Integrated PVs
11. Other Chemical / Material-Related News & Moves That Caught Our Eye
Autos
12. Concerns over Red Sea Shipping Disruption for Auto Industry
13. Honda (7267 JT) Considers Building an EV Plant in Canada / To Launch Two New EV Models
14. Suzuki (7269 JT) to Add Capacity in India
Auto Parts / Machinery
15. Automation Shares Firming
16. Yaskawa’s (6506 JT) FY23 Q3 OP Comes in 15% Below Consensus
Enterprise Software / IT Services
17. Shift Inc (3697 JT): FY24 Q1 Preview / Results
18. Sansan (4443 JT): FY23 Q2 Preview
19. Money Forward (3994 JT) Beats on FY23 Results, FY24 Guidance Strong
Small- / Mid-Cap Insights
20. Koshidaka Holdings (2157 JT): FY24 Q1 Preview / Results
21. Curves (7085 JT) FY24 Q1 Results
22. McDonald Japan’s Happy Set with a Sanrio (8136 JT) Kitty Gift Sells Out
Miscellaneous / Market / Strategy / Macro
23. Sakurai’s Comments Are a Reminder That Rate Hike Talks Aren’t Going Away
24. Nov 2023 Wages +0.2% YoY
25. Other News & Moves That Caught Our Eye
PSA Company Visits, Tours and Interviews
Visited: Koshidaka (2157 JT), Curves (7085 JT)
Conference Calls with: Yaskawa Electric (6506 JT)
Presentations at: Mitsui Mining & Smelting (5706 JT)
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