The Must Read PSA Weekly Research Round-up (week to 17 Jun)

REPORTS: Capcom (9697 JT) / INDUSTRY INSIGHTS: Video game console sales picking up / VC money coming Japan’s way? / MISCELLANEOUS, MARKET & MACRO: China economic data for May shows mild improvement from April / JGB market 2022 vs UK sterling crisis 1992 / What next for the JGB market? / Trade numbers show yen’s effect / COMPANY INSIGHTS, NEWS, PREVIEWS & RESULTS: Can Capcom get to 37mil games sold in FY22? / Hitachi’s Investor Day presentation / Nervousness on Nidec’s succession plans – or lack of / Honda launches new HR-V in the US / Sony Honda Mobility Inc to launch EVs in 2025 / Toray / LG Chem confirm LiB separator JV / Fanuc firm on broker upgrade / Ferrotec makes a tender offer for Ohizumi Mfg / Toyota sticks to its ‘give customers a choice’ policy / GA Technologies revises up

The Weekly Comment by Pelham Smithers

Pelham Smithers is keenly awaiting the upcoming Japanese retail sector results season for clues on how companies are managing their pricing policies and margins amid the developing global cost-of-living crisis.

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

1. Capcom (9697 JT) – Can It Hit Its Sales Targets?

Company / Sector / Thematic Comments at a Glance

Technology: Consumer Electronics, Gaming

1. Video Game Console Sales Picking Up
2. Can Capcom (9697 JT) Get to 37mil Games Sold in FY22?
3. Other Consumer Elec / Gaming News & Moves That Caught Our Eye

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

4. Hitachi’s (6501 JT) Investor Day Presentation
5. Nervousness on Nidec’s (6594 JT) Succession Plans – or Lack of
6. Other Tech-Related News & Moves That Caught Our Eye

Chemicals / Materials

7. Toray (3402 JT) / LG Chem (051910 KS) Confirm LiB Separator JV
8. Other Chemical / Material-Related News & Moves That Caught Our Eye

Autos

9. Toyota (7203 JT) Sticks to Its ‘Give Customers a Choice’ Policy
10. Honda (7267 JT) Launches New HR-V in the US
11. Sony Honda Mobility Inc to Sell EVs from 2025
12. Auto Demand Becoming a Concern

Auto Parts / Machinery

13. Ferrotec (6890 JT) Makes Tender Offer for Ohizumi Mfg (6618 KT) / Weak Yen Beneficiary
14. Fanuc (6954 JT) Firms on Broker Upgrade
15. Other Auto Part / Machinery News & Moves That Caught Our Eye

Internet / eCommerce

16. GA Technologies (3491 JT) Surges on FY22 Upward Revision
17. Kakaku.com (2371 JT) Reaches a New Low as Court Rules Against Tabelog

Enterprise Software / IT Services

18. VC Money Coming Japan’s Way?
19. Sansan Inc (4443 JT) Wins MUFG Contract Expansion
20. Other ERP Software / IT Services News & Moves That Caught Our Eye

Telecom

21. Other Telecom News & Moves That Caught Our Eye

Miscellaneous

22. Other News & Moves That Caught Our Eye

Market / Strategy / Macro

23. China Economic Data for May Shows Mild Improvement from April
24. Trade Numbers Show Yen Effect
25. JGB Market 2022 vs UK Sterling Crisis 1992
26. What Next for the JGB Market?

PSA in the Press

My fight with my family over the PS5 (FT 8th June 2022) In this FT article on whether one should get a new gaming console, Pelham Smithers provides some insights.

PSA Company Visits, Tours and Interviews

1. Visited: Fujifilm Holdings (4901 JT), Mitsui Chemicals (4183 JT), Showa Denko (4004 JT), Kaneka (4118 JT)
2. Presentations at: Recruit (6098 JT)

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