The Must Read PSA Weekly Research Round-up (week to 25 Jun)

REPORTS: GMO Financial Gate (4051 JT) / Astellas (4503 JT) / INDUSTRY INSIGHTS: Might June global semiconductor revenues hit an all-time high? / Shift upmarket for digital cameras continues / Carbon trading: no pain, no gain / MACRO: A busy week ahead – what to look out for / COMPANY INSIGHTS: Sony talks up PS5 post E3 / Square Enix’s Final Fantasy IX set for animation series / Kioxia IPO looks set for September / Plus additional COMPANY INSIGHTS

The Weekly Comment by Pelham Smithers

As we start to exit Covid in this vaccinee vs new variant market, something is becoming increasingly clear – style is going out of fashion.
Pelham Smithers discusses options.

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

1. GMO Financial Gate (4051 JT) – Uniquely Positioned and Attractively Valued
2. Astellas (4503 JT) – The Fightback Starts Here

Company / Sector / Thematic Comments at a Glance

Technology: Consumer Electronics, Gaming

1. Sony (6758 JT) Talks Up PS5 Post E3
2. Square Enix’s (9864 JT) Final Fantasy IX Set for Animation Series
3. Marvelous (7844 JT) Perks Up

Technology: Industrial Electronics / Electronic Components / Semis & SPE

4. Might June Global Semiconductor Revenues Hit an All-Time High?
5. Kioxia IPO Looks Set for September
6. Shift Upmarket for Digital Cameras Continues
7. Market Charge Up Again on Several EV-Plays
8. Other Tech Moves & News That Caught Our Eye

Chemicals / Materials

9. Carbon Trading: No Pain, No Gain

Autos

10. Toyota (7203 JT) Reveals New Tundra 2022
11. Nissan (7201 JT) Sees Better than Expected Performance / Invests in WeRide
12. Auto Parts / Machinery
13. Hitachi (6501 JT) Decision on HCM (6503 JT) / May China Machine Tool Orders
14. Ferrotec (6890 JT) Hits New Listing High
15. Daifuku (6383 JT) Recovers ¥10k Level After Six Weeks

Internet / eCommerce

16. Recruit (6098 JT) in Agreement to Take 51job’s (JOBS US) Private
17. Mercari (4385 JT) Revises FY21 Profits Upwards

Demae-can’s FY21 Q3 Results

18. Other Internet / eCommerce News & Moves That Caught Our Eye

Enterprise Software

19. Cybozu (4776 JT) Slashes FY21 OP Forecasts on Advertising Costs
20. Oracle Japan (4716 JT) FY21 Q4 Sales Fall Amid Covid-Related Project Delays

Pharma

21. Ups and Downs of Eisai (4523 JT) This Week
22. Chugai Pharmaceutical (4519 JT): Actemra Gets US FDA EUA
23. Astellas (4503JT): Several Upgrades as Confidence in Writedowns Being Offset Builds

Miscellaneous

24. Take-Out Sushi Plays Seeing Growing Demand for Acai Bowl
25. Other News & Moves That Caught Our Eye

Market / Strategy / Macro

26. Important Week for Economic Data Coming Up

PSA in the Press

PSA provided the chart on gaming sales driven by mobile for this article in the Financial Times: https://www.ft.com/content/8d27823a-eba4-4b90-92cd-892152789e3b?accessToken=zwAAAXo5bIxIkdONJ4I666RLkNOSzYkhUnieOw.MEYCIQCmDVz4p_LVJgxon437Pib3_b8qSg8duXD1vtXBThAMVwIhAMJn0FF51OKELt5AI8hoO38wSztiHiMDv_R7HMNwXCbP&sharetype=gift?token=5fb60231-7ca0-4ae4-ae0f-f9c90934e22b

PSA Company Visits, Tours and Interviews

• Visited: Tokyo Ohka Kogyo (4186 JT), Ferrotec (6890 JT), Toyota Ind (6201 JT), Daifuku (6383 JT)
• Conference Calls with: CareNet (2150 JT), Medical Data Vision (3902 JT), email Q&A with TIS Inc (3626 JT)

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