The Must Read PSA Weekly Research Round-up (week to 12 Jul)
REPORTS: Sony (6758 JT) / Komatsu (6301 JT) / Enechange (4169 JT) / INDUSTRY INSIGHTS: Video games industry round-up / Thailand becomes problematic for Japanese automakers / Deterioration in China’s auto market / MISCELLANEOUS, MARKET & MACRO: Macro data out this week: May wages / June money supply / June PPI / May core machinery orders / COMPANY INSIGHTS, NEWS, PREVIEWS & RESULTS: Apple targets 90mil iPhone 16 sales in 2024 H2 / Sony opts to quit Paramount bid battle / TDK, upside potential for smartphone LiBs / MonotaRO June sales +16% YoY / Shin-Etsu Chemical: PVC and electronic materials update / Resonac and others form US-Japan IC package consortium / Fujikura’s consecutive listing highs / Toyota set to deliver solid FY24 Q1 results / KHI scandal repercussions / Eisai narcolepsy trials
The Weekly Comment by Hiroyuki Terada
PSA’s small cap analyst Hiroyuki Terada discusses the imminent Paris Olympic and Paralympic Games in terms of their likely effect, good and bad, on Japanese companies’ prospects
Reports / Flash Notes Published This Week: Headlines at a Glance
1. Sony (6758 JT) FY24 Q1 Preview
2. Komatsu (6301 JT) – High-Margin Mining to Exceed 50% of Sales
3. Enechange (4169 JT) Meets FY23 Filing Deadline
Company / Sector / Thematic Comments at a Glance
Technology: Consumer Electronics, Gaming
1. Video Games Industry Round-Up Part 1
2. Video Games Industry Round-Up Part 2
3. Apple Targets 90mil iPhone 16 Sales in 2024 H2
4. Sony Opts to Quit Paramount Bid Battle
5. Other News & Moves That Caught Our Eye
Technology: Industrial Electronics / Components / Semis & SPE / Precision
6. Tech in Vogue in Tuesday’s Market, Peaks out on Friday
7. TDK: Upside Potential for Smartphone LiBs
8. Other News & Moves That Caught Our Eye
Chemicals / Materials
9. Shin-Etsu Chemical: PVC and Electronic Materials Update
10. Resonac and Others Form US-Japan IC Package Consortium
11. Other News & Moves That Caught Our Eye
Autos / New Mobility
12. Thailand Becomes Problematic for Japanese Automakers
13. Toyota Set to Deliver Solid FY24 Q1 Results
14. Other News & Moves That Caught Our Eye
Auto Parts / Machinery / Capital Goods
15. Fujikura’s Consecutive Listing High
16. KHI Scandal Repercussions
17. Other News & Moves That Caught Our Eye
Enterprise Software / IT Services
18. Sansan: FY23 Q4 Preview / Results
19. Shift FY24 Q3 Results: Falls Short of Expectations Again
20. BayCurrent Consulting Shares Rally Following Q1 Results
21. Enechange Shares Bounce Back As Firm Meets Filing Deadline
Pharma / Healthcare
22. Eisai Begins Narcolepsy Trials
23. Other News & Moves That Caught Our Eye
Small- / Mid-Cap Insights
24. Healthy FY24 Q3 Results from Curves
25. Treasure Factory KPIs Continue to Beat Guidance, Revised Up
26. Koshidaka’s FY24 Q3 Ahead of Plan; Full-Year DPS Raised but No Change to Earnings Guidance
27. S-Pool’s FY24 Q2 Results Ahead of Guidance, No Change to Full Year
Miscellaneous / Market / Strategy / Macro
28. Japan Data Out This Week: Wage Data / Money Supply / PPI / Core Machinery Orders
29. MonotaRO June Sales Rise +16% YoY Adjusted for Business Days
30. Other News & Moves That Caught Our Eye
PSA Company Visits, Tours and Interviews
Visited: Curves holdings (7085 JT), Koshidaka Holdings (2157 JT)
Presentations at: S-Pool (2471 JT), Mitsui Chemicals (4183 JT), Fuji Electric (6504 JT)
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