The Must Read PSA Weekly Research Round-up (week to 08 Jul)

REPORTS: Japan Market Strategy for CY22 Q3 / Bets on e-Fuels – Saving the Combustion Engine / INDUSTRY INSIGHTS: CY22 Q2 US auto sales record double-digit sales decline / Update on video game console sales / May camera shipments highest since Nov 2018 / 2022 smartphone shipments set to be lowest since 2014 / China standards to focus on printer copier market; are servers next? / Auto sector under pressure / COMPANY INSIGHTS, NEWS, PREVIEWS & RESULTS: Apple raises iPhone 13 prices in Japan / Nikkei report claims Nintendo is unable to make enough Switch consoles / Could Forspoken be SQE’s last western-style RPG? / Mixed reviews for Sony PC Gaming equipment / TSMC FY22 Q2 revenues +44% YoY / US pressure to halt ASML’s sales of older SPE to China / Disco’s Q1 parent sales fall short of expectations / NEC acquires Ireland’s Aspire Technology

The Weekly Comment by Pelham Smithers

Finding carbon neutral transport solutions is only a part of the decarbonisation imperative. PSA’s auto analyst, Julie Boote, positions transport within total global emissions by all sources, and explains Japan’s transport strategies. Hydrogen-based engines could be important.

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

1. PSA Japan Market Strategy for CY22 Q3
2. Auto Industry Bets on e-Fuels – Saving the Combustion Engine

Company / Sector / Thematic Comments at a Glance

Technology: Consumer Electronics, Gaming

1. Video Game Console Sales
2. 2022 Smartphone Shipments Set to Be at Their Lowest Since 2014
3. Apple (AAPL US) Raises iPhone 13 Prices in Japan
4. Nikkei Report Claims Nintendo Can’t Make Enough Switch Consoles
5. Could Forspoken be Square Enix’s (9684 JT) Last Western-Style RPG?
6. Mixed Reviews for Sony’s (6758 JT) PC Gaming Equipment
7. Other Consumer Elec / Gaming News & Moves That Caught Our Eye

Technology: Industrial Electronics / Components / Semis & SPE / Precision

8. May Camera Shipments Highest Since November 2018
9. China Standards to Focus on Printer Copier Market; are Servers Next?
10. US Pressuring ASML to Halt Sales of Older SPE Equipment to China – Read Across to Nikon (7731 JT)
11. NEC (6701 JT) Acquires Ireland’s Aspire Technology
12. Disco (6146 JT) Parent Q1 Sales Fall Short of Expectations
13. TSMC (2330 TT) Q2 FY22 Revenues +44% YoY
14. Samsung’s (005930 KS) Strong Q2 Boosts Japan’s SPE Stocks Higher
15. Other Tech-Related News & Moves That Caught Our Eye

Chemicals / Materials

16. Toyota (7203 JT) Leads in Solid State LiB Patents


17. CY22 Q2 US Auto Sales Record a Double-Digit Sales Decline
18. Auto Sector Under Pressure
19. Other Auto Moves That Caught Our Eye

Auto Parts / Machinery

20. Daikin (6367 JT) Invests in LiB Start-Up, Continues with Refrigerant R&D
21. Yaskawa (6506 JT) Q1 FY22 Close to Consensus Despite Shanghai Lockdown

Internet / eCommerce

22. Z Holdings to Merge Yahoo! JAPAN Shopping and PayPay Mall
23. Base Inc (4477 JT) Offering New Fee Options for its Growth Plan Package
24. Net Protections (7383 JT) Survey Suggests BNPL is Preferred Payment Method for Digital Content
25. A Good Week for Recruit (6098 JT)
26. Other Internet / eCommerce News & Moves That Caught Our Eye

Enterprise Software / IT Services

27. Money Forward (3994 JT) FY22 Q2 Preview: the Need to Outperform Expectations
28. Shift Inc (3697 JT) FY22 Q3 Results Come in Shy of Consensus Estimates


29. Telecom News & Moves That Caught Our Eye


30. Does Lecanemab Work? Update


31. Other News & Moves That Caught Our Eye

Market / Strategy / Macro

32. Foreigners Remain Net Sellers

PSA in the Press

“Recession speculation comes for commodities” by Robert Armstrong FT Opinion 7th July 2022
The Financial Times discusses recession speculation coming for commodities and what action the Bank of Japan might consider; Pelham Smithers makes a strong case that the Japan’s central bank won’t do much at all.

PSA Company Visits, Tours and Interviews

Visited: AI Inside (4488 JT)
Presentations at: Asahi Kasei (3407 JT)

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