The Must Read PSA Weekly Research Round-up (week to DD MMM)

REPORTS: Cyber Security Cloud (4493 JT) / INDUSTRY INSIGHTS: Video game console sales / The race in Japan between FCVs and EVs / Basic chemical markets are strong, for now / MACRO: Japan retail sales weaken in April / Corporate software spend +12% YoY in 1Q 2021 / COMPANY INSIGHTS: Sony – Key new in-house games set to be cross-generational / SoftBank Corp gets 5G “hurry up” order / Is Katerra’s bankruptcy an issue for SoftBank Group shareholders? / Nikkei reports Murata, Taiyo Yuden seeing strong orders / Plus additional COMPANY INSIGHTS

The Weekly Comment by Pelham Smithers

We are currently experiencing a shortage-led, cyclical market, comments Pelham Smithers

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

1. Cyber Security Cloud (4493 JT) – A Quick Look

Company / Sector / Thematic Comments at a Glance

Technology: Consumer Electronics / Gaming

1. Sony (6758 JT): Key New In-House Games Set to be Cross-Generational
2. Video Game Console Sales
3. Interest in Online Manga Plays

Technology: Industrial Electronics / Electronic Components / Semis / SPE

4. Nikkei Reports Murata (6981 JT), Taiyo Yuden (6976 JT) Seeing Strong Orders
5. Mitsubishi Electric (6503 JT) Announced Buyback and New Targets for FY25
6. Ferrotec (6890 JT) Sparks a Revival in SPE-Related Names

Chemicals / Materials

7. METI Confirms TSMC (2330 TT) Lab in Tsukuba
8. Basic Chemical Markets are Strong, For Now
9. Sumitomo Chemical (4005 JT): What Might it Do With its Listed Subsidiaries?

Autos

10. Toyota’s (7203 JT) Mirai Marks a New Record / Shares Hit an All-Time High
11. The Race in Japan Between FCVs & EVs

Auto Parts / Machinery

12. Denso (6902 JT) Hits New Listing High on Toyota (7203 JT) Strength & Growth
13. Diamond Electric (6699 JT) Boosted on EV Chargers
14. Other Auto / Auto Parts / EV-Related Moves That Caught Our Eye
15. Heavies Back in the Spotlight

Internet / eCommerce

16. Internet / eCommerce Moves & News That Caught Our Eye

Enterprise Software

17. Freee KK (4478 JT) Tie-Ups with Recruit (6098 JT) on Payment Tools
18. TIS Inc (3626 JT) Trades Close to All-Time Highs
19. TIS / IBM Japan: Modernising Corporate Japan’s Legacy Computer Systems
20. Cyber Security Cloud (4493 JT) to Launch WafCharm AWS Version in US
21. The Mighty M3 (2413 JT) Gets a Downgrade

Telecom

22. SoftBank Corp (9434 JT) Gets 5G “Hurry Up” Order
23. SoftBank Group (9984 KT): Will Katerra’s Bankruptcy be an Issue?
24. KDDI (9433 JT) Says Sayonara to its Machi Ulta Ring Tone Service

Pharma

25. Eisai (4523 JT) and the AD Bet

Miscellaneous

26. Other News & Moves That Caught Our Eye

Market / Strategy / Macro

27. Corporate Software Spend +12% YoY in 1Q 2021
28. Japan Retail Sales Weaken in April

PSA Company Visits, Tours and Interviews

• Visited: Asahi Kasei (3407 JT), Showa Denko (4004 JT), Ube Industries (4208 JT), Denso (6902 JT), Daifuku (6383 JT), Nabtesco (6268 JT), Diamond Electric (6699 JT)
• Conference Calls with: Sumitomo Chemical (4005 JT), Mitsui Chemicals (4183 JT), Teijin (3401 JT)

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