The Must Read PSA Weekly Research Round-up (week to 24 Jun)

REPORTS: Honda (7267 JT) / Fanuc (6954 JT) / INDUSTRY INSIGHTS: Video game console sales slide / Weak yen helps April camera shipments / PC build costs easing / Auto price hikes on the horizon in Japan / Japan SPE Billings +0.8% YoY / MISCELLANEOUS, MARKET & MACRO: Consumer staples getting price hikes / Commodity plays weak as copper and oil prices ease / COMPANY INSIGHTS, NEWS, PREVIEWS & RESULTS: Sony targeting 60% of image sensor market / working on 100M sensor / New CATL EV battery powerful but heavy / Suzuki / Toyota cooperation / Honda starts building EV plant in China / Toyota cuts production forecasts again / Sharp rise in Diamond Electric / CyberAgent surges as Uma Musume ranks No. 1 in Korea / GA Technology finalist in Japan’s DX Awards / Mercari and bounce back

The Weekly Comment by Pelham Smithers

Pelham Smithers looks forward to next week, which is a big one for important Japanese economic data.

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

1. Honda (7267 JT) – Troubles on the Auto Front
2. Fanuc (6954 JT) Sentiment Too Negative – Weak Yen & Growth Focus

Company / Sector / Thematic Comments at a Glance

Technology: Consumer Electronics, Gaming

1. Video Game Console Sales Continue to Slide
2. Sony (6758 JT) Targets 60% of Image Sensor Market / Kumamoto Fab
3. Sony (6758 JT) Working on 100MP Sensor?
4. Samsung’s (005930 KS) Smartphone Production Dips in May

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

5. Japan SPE Billings +0.8% YoY
6. Weak Yen Helps April Camera Shipments
7. PC Build Costs Easing
8. New CATL (300750 CH) EV Battery Powerful but Heavy
9. NEC (6701 JT), AVEVA in Factory DX Tie-up
10. Nidec (6594 JT) Working with Landai Technology (002765 CH)
11. Other Tech-Related News & Moves That Caught Our Eye


12. Auto Price Hikes on the Horizon in Japan
13. Honda (7267 JT) Starts Building EV Plant in China
14. Renault’s (RNO FP) Carve-Up – Read Across to Nissan (7201 JT)
15. Toyota (7203 JT) Cuts Production Targets Again
16. Suzuki (7269 JT) Rises on Toyota Cooperation

Auto Parts / Machinery / Heavies

17. Diamond Electric (6699 JT) Top Performer in Topix Electricals
18. Other Auto Part / Machinery / Heavies News & Moves That Caught Our Eye

Internet / eCommerce

19. CyberAgent (4751 JT) Surges as Uma Musume Ranks No. 1 in Korea
20. GA Technologies (3491 JT): Finalist in the Japan DX Awards
21. Improved Sentiment on Mercari (4385 JT) Sends Shares +12%
22. Appetite for (2371 JT) Picks Up

Enterprise Software / IT Services

23. Sansan (4443 JT) on the Brink of Falling Below ¥100bil in Market Cap
24. Cybozu (4776 JT) Cuts FY22 OP Forecast to a Loss


25. Shionogi (4507 JT): Delays to Covid Treatment
26. Chugai Pharm (4519 JT) Gets Approval for Vabysmo in Japan


27. Commodity-Related Plays Lower as Copper and Crude Prices Fall
28. Other News & Moves That Caught Our Eye

Market / Strategy / Macro

29. Tokyo May Department Store Sales +81% YoY
30. Japan’s CPI Data for May

PSA in the Press

“My fight with my family over a PS5” In this FT article on whether one should get a new gaming console, Pelham Smithers provides some insights.

PSA Company Visits, Tours and Interviews

Visited: UBE Corp (4208 JT), Daikin (6367 JT), Toyota Ind (6201 JT)
Presentations at: Nissan Chemical (4021 JT), Kuraray (3405 JT)

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