The Must Read PSA Weekly Research Round-up (week to 09 Jul)

REPORTS: TIS (3626 JT) / INDUSTRY INSIGHTS: Has the video game bubble burst? / US auto sales surge in Q2 / MACRO: Weak China data / Wage data for May: not as good as hoped / COMPANY INSIGHTS, NEWS, PREVIEWS & RESULTS: Might Nintendo report a YoY fall in 1Q FY21 OP? / The Switch OLED unveil / Sony PS5 State of Play / Capcom’s Resident Evil: Infinite Darkness releasing on Netflix / Nidec could benefit from EV expansion at Stellantis / Z Holdings gets perpetual rights to use Yahoo brand, tools / experiments with Instant Delivery service / Two new subsidiaries for DeNA / Plus additional COMPANY PREVIEWS & NEWS

The Weekly Comment by Pelham Smithers

Pelham Smithers explains the importance over the coming months of the job offers to applicants ratio

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

1. TIS (3626 JT): Conservative? Or Lacking Urgency?

Company / Sector / Thematic Comments at a Glance

Technology: Consumer Electronics, Gaming

1. Might Nintendo (7974 JT) Report a YoY Decline in 1Q FY21 OP?
2. Nintendo Unveils the Switch OLED
3. Capcom’s (9697 JT) Resident Evil: Infinite Darkness Releasing on Netflix
4. Sony (6758 JT) PS5 State of Play
5. Has the Video Game Bubble Burst?

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

6. Nidec (6954 JT) Could Benefit from Stellantis EV Expansion
7. Other Tech-Related Moves & News That Caught Our Eye

Chemicals / Materials

8. Showa Denko (4004 JT) to Divest Batteries
9. Toyo Ink (4634 JT) Expands LiB Material Sales
10. Dexerials (4980 JT) Announces New Power Current Protector


11. US Auto Sales Surge in Q2
12. Mitsubishi Motors (7211 JT) Aims for Turnaround in South East Asia
13. Negative Reaction to Stellantis’ (STLA US) EV Strategy Plans

Auto Parts / Machinery

14. Yaskawa Electric (6506 JT): Fever Ahead of Q1 FY21 Release / Strong Results
15. Daikin’s (6367 JT) New EV Refrigerant to Extend Driving Range by Up to 50%, Commercialisation for 2025

Internet / eCommerce

16. DeNA (2432 JT) Adds Two New Subsidiaries
17. Z Holdings (4689 JT) Yahoo Brand, Tools / Instant Delivery Service
18. Google (GOOGL US) is Reportedly Buying pring
19. Other Internet / eCommerce-Related Moves & News That Caught Our Eye

Enterprise Software

20. Money Forward (3994 JT): FY21 Q2 Earnings Preview
21. Sansan (4443 JT): FY20 Q4 Earnings Preview / Expects Losses from Affiliates
22. Shift (3697 JT) Sees Sales and OP Surge in FY21 Q3


23. Didi Crackdown Hits SoftBank Group (9984 JT)


24. Eisai (4523 JT): Donanemab / Aduhelm Making Headlines


25. Other Moves & News That Caught Our Eye

Market / Strategy / Macro

26. Weak China Data
27. Wage Data for May: Not as Good as Hoped

PSA in the Press

Pelham Smithers is quoted in the Financial Times about the criteria on which PE target companies are valued.
“How to beat the private equity buyers”

PSA Company Visits, Tours and Interviews

• Visited: Ferrotec (6890 JT)
• Conference Calls with: Demae-can (2484 JT)

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