The Must Read PSA Weekly Research Round-up (week to 16 Jul)

REPORTS: Shift Inc (3697 JT) / Ferrotec (6890 JT) / Nidec (6594 JT) / INDUSTRY INSIGHTS: Chip shortage continues to hurt the auto industry / Return of auto shows, but differently/ Will UK MPs drive change to streaming revenues, splits? / MACRO: June industrial production revised down / PayPay vs pring / Z Holdings: umbrella companies offer BNPL/ Sony’s ‘State of Play’ / Sony TV / COMPANY INSIGHTS: Murata’s SSB being sold to the industrial machinery industry / Update on iPhone 13 leaks/ Plus additional COMPANY NEWS / PREVIEWS & RESULTS

The Weekly Comment by Pelham Smithers

This week the EU Commission presented its new climate plan, ‘Fit for 55’, which outlines policies for reducing 2030 net greenhouse gas emissions by 55% compared to 1990 levels. Julie Boote discusses what this means for auto assemblers in general and Japan’s assemblers in particular.

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

1. Shift Inc (3697 JT) – From “Stocking Filler” to Coveted Place under the Christmas Tree?
2. Ferrotec Holdings Corp (6890 JT) FY21 Q1 Focus
3. Nidec’s (6594 JT) EV-Related Business Gains Traction

Company / Sector / Thematic Comments at a Glance

Technology: Consumer Electronics, Gaming

1. The Mixed Success of Sony’s (6758 JT) ‘State of Play’ Release
2. Emmy Nominations Underscore Newfound Breadth at Sony TV
3. Square Enix (9684 JT) – Temporarily Halts Digital Sales of Final Fantasy XIV
4. Why is the Switch OLED Priced at $349?
5. Netflix (NFLX US) to Offer Video Games on it Streaming Service
6. Will UK MPs Drive Change to Streaming Revenues, Splits?

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

7. Murata’s (6981 JT) Solid-State Battery Selling to Industrial Machinery Industry
8. Nikon’s (7731 JT) Special Edition Z fc Mirrorless Camera Disappoints
9. Other Tech-Related News & Moves That Caught Our Eye

Chemicals / Materials

10. TSMC’s (2330 TT) Analyst Call Delivers Mixed Messages for Japan


11. Chip Shortage Continues to Hurt the Auto Industry
12. Return of Auto Shows, but Differently

Auto Parts / Machinery

13. Positive Reaction to Yaskawa (6506 JT) Results Moves Fanuc (6954 JT) Higher
14. Diamond Electric (6699 JT) Settling Near Fair Value
15. Other Machinery-Related Moves and News That Caught Our Eye

Internet / eCommerce

16. PayPay vs pring
17. Z Holdings (4689 JT) Group Payments Sites to Offer BNPL

Enterprise Software

18. Green Light for Money Forward (3994 JT) / Cybozu (4776 JT) to Join TSE Premium Market
19. Sansan (4443 JT) Expects Further Heavy Investments in FY21
20. Money Forward’s (3994 JT) FY21 Q2 Sales Ahead of Market Estimates


21. Bitter Pill for Eisai (4523 JT)


22. Other Moves & News That Caught Our Eye

Market / Strategy / Macro

23. Evidence of Japan’s Economy Slowing

PSA Company Visits, Tours and Interviews

• Call with: Nidec (6594 JT)

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