The Must Read PSA Weekly Research Round-up (week to 14 Jun)
REPORTS: Kyoritsu Maintenance (9616 JT) / Kakuyasu Group (7686 JT) / Visional (4194 JT) / INDUSTRY INSIGHTS: Video games industry round-up / PSA’s AI Index / Global semiconductor shipments +16% YoY in April / Camera shipments slide YoY / Summer Games Fest details / Cable makers performance / M&A firms under scrutiny / MISCELLANEOUS MARKET & MACRO: Is the market losing confidence in BoJ strategy? / Macro data releases: Japan 2024 Q1 GDP / Money supply / May PPI / Industrial production / JGB purchases / COMPANY INSIGHTS NEWS, PREVIEWS & RESULTS: Mixed reception to Apple WWDC 2024 / Bronfman / Bain emerge as potential buyers of Paramount controller / Tokyo Ohka benefits from AI demand / Shin-Etsu announces a cost-saving IC backend process / Toyota to discuss auto testing procedures country by country / Suzuki struggling in ASEAN / May machine tool orders boost Fanuc and Yaskawa / How much of a threat to Eisai is Lilly’s donanemab?
The Weekly Comment by Lindsay Whipp
Lindsay Whipp discusses Japan’s cashless society, in which credit cards are both the driver and the drag on cashless expansion.
Reports / Flash Notes Published This Week: Headlines at a Glance
1. Kyoritsu Maintenance (9616 JT): ADR Likely to Rise Further Driven by Inbound Tourists
2. Kakuyasu Group (7686 JT)
3. Visional Inc (4194 JT): Raises FY24 OP Forecast
Company / Sector / Thematic Comments at a Glance
Technology: Consumer Electronics, Gaming
1. Video Games Industry Round-up
2. Mixed Reception to Apple WWDC 2024
3. Summer Games Fest: Game Launch Dates Firmed Up, News on Other Anticipated Launches
4. Bronfman / Bain Emerge as Potential Buyers of Paramount Controller
5. Other Consumer Elec / Gaming News & Moves That Caught Our Eye
Technology: Industrial Electronics / Components / Semis & SPE / Precision
6. PSA’s Japan AI Index
7. Global Semiconductor Shipments +16% YoY in April
8. Camera Shipments Slide YoY
9. Other Technology News & Moves That Caught Our Eye
Chemicals / Materials
10. Tokyo Ohka Kogyo Benefits from AI Demand
11. Shin-Etsu Announces a Cost-Saving IC Backend Process
Autos / New Mobility
12. Suzuki Motor Struggling in ASEAN
13. Testing Issues at Toyota Take on a Wider Reach
14. Other Auto News & Moves That Caught Our Eye
Auto Parts / Machinery / Capital Goods
15. Cable Makers QTD Outperformance of Topix 13~42%
16. May Machine Tool Orders Help Fanuc and Yaskawa But FA Sentiment Weak
Internet / eCommerce
17. Anycolor: FY24 Q4 OP +75% YoY, Massive Share Buyback
18. GA Technologies FY24 Q2 PTP +16% YoY
19. Other Internet / eCommerce News & Moves That Caught Our Eye
Enterprise Software / IT Services
20. Visional FY24 Q3 Preview / Results
21. Other ERP Software / IT Services News & Moves That Caught Our Eye
Pharma / Healthcare
22. How Much of a Threat to Eisai is Lilly’s Donanemab?
23. Other Pharma / Healthcare News & Moves That Caught Our Eye
Small- / Mid-Cap Insights
24. Treasure Factory KPIs Continue to Come in Ahead of Guidance
25. M&A Firms Under Scrutiny
26. Park24 H1 Preview / Results
Miscellaneous / Market / Strategy / Macro
27. Japan 2024 Q1 Economy Revised Up Slightly
28. Japan Money Supply Growth Slows
29. BoJ Bond Purchases Overshadows High May PPI
30. Industrial Production Revised Down
31. Other News & Moves That Caught Our Eye
PSA in the Press
With two large Japanese banks announcing that they will start selling their stakes in Toyota, and shareholder votes for Mr Toyoda’s re-appointment declining, PSA’s auto analyst Julie Boote highlights reasons why there is lack of support.
https://blinks.bloomberg.com/news/stories/SEPPTXT0AFB4
PSA’s 50yr video game industry graphic was used in the Dutch financial newspaper Het Financieel Dagblad
https://fd.nl/bedrijfsleven/1518907/smartphone-goudmijn-voor-makers-computerspelletjes
PSA Company Visits, Tours and Interviews
Visited / Calls with: Kyoritsu Maintenance (9616 JT), Hino Motors (7205 JT), Kakuyasu Group (7686 JT), Park 24 (4666 JT), Treasury Factory (3093 JT), Strike (6196 JT), M&A Capital Partners (6080 JT), Chatwork (4448 JT), email Q&A Money Forward (3994 JT), Shin-Etsu Chemical (4063 JT), Komatsu (6301 JT), Yaskawa Electric (6506 JT), Hino Motors (7205 JT)
Presentations at: Zeon Corp (4205 JT), Mitsui Chemicals (4183 JT), Ohara Inc (5218 JT)
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