The Must Read PSA Weekly Research Round-up (week to 24 Jan)
Reports / Flash Notes Published This Week: Headlines at a Glance
1. Tokyo Ohka Kogyo (4186 JT): Positioning for Sustained Earnings Expansion
Tokyo Ohka Kogyo is expanding its semiconductor material capacity to meet growing demand from new fabs. Growth should be highest for high margin, leading edge materials. Joel Scheiman explains.
2. Honda and Nissan Share Price Rollercoaster – What’s Next?
Nissan and Honda’s share prices have been volatile since the announcement last December of a possible business integration. With the agreement deadline for June approaching rapidly, analyst Julie Boote comments here on the many factors at play, and on whether, and in what form, the deal could happen.
3. Curves Holdings (7085 JT) – New Format Likely Revealed with Full-Year Results
Analyst Hiroyuki Terada updates us on Curves’ FY25 (Aug yr-end) Q1 performance and discusses his revision up to his full-year figures.
Reports Out This Week
Tokyo Ohka Kogyo (4186 JT)
Honda (7267 JT) and Nissan Motor (7201 JT)
Curves (7085 JT)
Industry Insights
AI arms race moves up another gear
Another sparkling set of machinery order numbers
Video games round-up
Miscellaneous / Market / Macro
Japan’s “high expectations” earnings season commences
BoJ raises rates as Nationwide CPI beats expectations
Company Insights: News / Previews & Results
Sony has surprise movie hit on its hands
Nidec reports FY24 Q3 earnings
Toyota FY24 Q3 preview
Mazda launches new electric model in Europe
MMC may not participate in merger
Mitsubishi Chemical & Sumitomo Chemical and their pharma subsidiaries
Fujikura hits a new all-time high / Q3 preview
Automation up ahead of Fanuc’s Q3 results
GA Technologies sold off as expected rate hike draws near
Rakuten frames its Mobile strategy as an AI bet
NRI: FY24 Q3 preview
TIS Inc: FY24 Q3 preview
Park24’s Dec 2024 KPIs ahead of plan
Earnings previews / upcoming catalysts for Insource and CUC
Chugai Pharmaceutical: FY24 Q4 preview
Seven & I to raise food prices
The Weekly Comment by Pelham Smithers
PSA autos and mobility analyst Julie Boote discusses current global EV sales growth prospects and considers whether a recovery is in sight
Company / Sector / Thematic Comments at a Glance
Technology: Consumer Electronics, Gaming
1. Video Games Round-Up
2. Sony Has Surprise Movie Hit on its Hands
3. Other News & Moves That Caught Our Eye
Technology: Industrial Electronics / Components / Semis & SPE / Precision
4. AI Arms Race Moves Up Another Gear
5. Nidec Reports FY24 Q3 Earnings
6. Other News & Moves That Caught Our Eye
Chemicals / Materials
7. Mitsubishi & Sumitomo Chemical and Their Pharma Subsidiaries
Autos / New Mobility
8. MMC May Not Participate in Merger
9. Toyota FY24 Q3 Preview
10. Mazda Launches New Electric Model in Europe
11. Other News & Moves That Caught Our Eye
Auto Parts / Machinery / Capital Goods
12. Another Sparkling Set of Machinery Order Numbers
13. Automation Up Ahead of Fanuc’s Q3
14. Fujikura: New High and Q3 Preview
Internet / eCommerce
15. Rakuten Defends Mobile Strategy as AI Bet
16. GA Technologies Sold off as Expected Rate Hike Draws Near
17. Other News & Moves That Caught Our Eye
Enterprise Software / IT Services
18. NRI: FY24 Q3 Preview
19. TIS Inc: FY24 Q3 Preview
20. Other News & Moves That Caught Our Eye
Pharma / Healthcare
21. Chugai Pharmaceutical: FY24 Q4 Preview
22. Other News & Moves That Caught Our Eye
Small- / Mid-Cap Insights
23. Park24’s Dec 2024 KPIs Ahead of Plan
24. Earnings Previews and Upcoming Catalysts for Insource and CUC
Miscellaneous / Market / Strategy / Macro
25. Japan’s “High Expectations” Earnings Season Commences
26. BoJ Raises Rates as Nationwide CPI Comes in Higher than Expected
27. Seven & I to Raise Food Prices
28. Other News & Moves That Caught Our Eye
PSA in the Press
In this Japan Times article about how luxury and hotel stocks are now all the rage as tourists flock to Japan, PSA analyst Hiroyuki Terada highlights his potential winners.
Luxury and hotel stocks are all the rage as tourists flock to Japan – The Japan Times [Jan 22, 2025]
PSA Company Visits, Tours and Interviews
Visited: Curves Holdings (7085 JT)
1-1 Call with: Park24 (4666 JT), GA Technologies (3491 JT)
Presentations at: Fujifilm Holdings (4901 JT)
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