The Must Read PSA Weekly Research Round-up (week to 05 Jul)

REPORTS: CYBOZU (4776 JT): Still Positive on Workflow Efficiency / ZOZO (3092 JT): Exploring New Business Opportunities with a Collaborative Approach / TOYOTA (7203 JT) Visit Feedback / June US Auto Sales Post Moderate Decline, with Incentives at Bay / PSA’s Market Strategy and Focus List / Plus 21 MACRO, INDUSTRY and COMPANY INSIGHTS

The Weekly Comment by Joel Scheiman

Relations between Japan and South Korea are taking a turn for the worst. Joel Scheiman explains.

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

1. Japan Market Strategy for Q3 as Tankan Bifurcates: PSA’s Focus List
2. ZOZO (3092 JT): Exploring New Business Opportunities with a Collaborative Approach
3. Cybozu (4776 JT): Still Positive on Workflow Efficiency
4. Toyota (7203 JT) Visit Feedback
5. June US Auto Sales Post Moderate Decline, with Incentives at Bay

Company / Sector / Thematic Comments at a Glance

Technology: Consumer Electronics, Gaming

1. Should Disney (DIS US) Buy a Gaming Firm (and if so Which)?
2. Nintendo (7974 JT) Switch China Launch Moving Forward
3. Panasonic (6752 JT) Boosted by Tesla (TSLA US) Shipments

Technology: Industrial Electronics / SPE / Components

4. 52-Week Highs Hit for NEC (6701 JT) and Hitachi (6501 JT)
5. Japan Solar Stronger than Expected

Chemicals / Materials

6. Dexerials (4980) Small Meeting Feedback

Autos

7. June US Auto Sales Post Moderate Decline, with Incentives at Bay
8. Subaru (7270 JT) Shares Rise on Weaker Yen
9. Honda’s (7267 JT) Struggle with Electrification
10. Korean Japan Dispute: Consequences for Autos
11. Yaskawa (6506 JT) Preview: FY19 Q1 Release on July 11
12. Daikin (6367 JT) Defying Gravity

Internet

13. istyle (3660 JT) Outperforms as Investors Gained more Confidence
14. Nexon (3659 JT) to Make Embark Studios a Consolidated Subsidiary
15. Dentsu (4324 JT) Launches “Information Bank”
16. Enigmo Inc (3665 JT) Gaining Ground

Enterprise Software

17. Oracle Japan (4716 JT): Strong FY18 Results and Positive Guidance
18. NTT (9432 JT) Launches Global Company for Better Group Collaboration
19. Seven & i’s (3382 JT) New QR Code Payment Function Hacked

Macro

20. Household Spending +4% YoY in May
21. Monetary Base +4.0% YoY in June

Strategy

22. Japan Market Strategy for Q3 as Tankan Bifurcates

PSA Company Visits, Tours and Interviews

Visited with the new head of Google Stadia – Google’s online video game streaming service
• Attended strategy / mid-term plan announcement meetings at: Dexerials (4980 JT), Mitsui Chemicals (4183 JT)
• Interviewed / Conference Call with: Ichikoh (7244 JT), Nomura Research Institute (4307 JT)
• Email exchange with TIS (3626 JT)

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