The Must Read PSA Weekly Research Round-up (week to 16 June)
REPORTS: Socionext (6526 JT) / Daikin (6367 JT) / Visional (4149 JT) / INDUSTRY INSIGHTS: Strong week for video game hardware sales in Japan / Memory prices continue to fall / MISCELLANEOUS, MARKET & MACRO: N225 surpasses high hit in the famous “dead cat bounce” of summer 1990 / Data release for May producer prices and machine tool orders; Apr machinery orders / COMPANY INSIGHTS, NEWS, PREVIEWS & RESULTS: Spider-man: “Across” is Sony’s highest-grossing animated film / India’s watchdog bans Zee execs / AMD launches Instinct MI300 AI chips / TDK earnings may not gain momentum until Q2 / Toyota shares surge on tech strategy update / Nissan COO Gupta leaves / Komatsu up on mining optimism / Daikin / Yaskawa hit listing highs
The Weekly Comment by Pelham Smithers
While the AI chip spotlight has fallen on US firms Nvidia and Advanced Micro Devices, over in Japan Renesas has been showcasing its AI wares.
Reports / Flash Notes Published This Week: Headlines at a Glance
1. Socionext (6526 JT) and the Custom Chip Boom
2. Daikin (6367 JT) FY23 Outlook – Heat Pumps, Applied, India
3. Visional (4194 JT) Update: Not to be Sniffed At
Company / Sector / Thematic Comments at a Glance
Technology: Consumer Electronics, Gaming
1. Strong Week for Video Game Hardware Sales in Japan
2. Spider-man: “Across” is Sony’s (6758 JT) Highest-Grossing Animated Film
3. Sony (6758 JT) “Struggling” to Meet 48MP CMOS Demand
4. India Watchdog Bans Zee Execs
5. Other Consumer Electronic/ Gaming News & Moves That Caught Our Eye
Technology: Industrial Electronics / Components / Semis & SPE / Precision
6. Memory Prices Continue to Fall
7. Nvidia’s Supply Chain / AI Stocks Rise As Son Meets Altman / Stories that Intel May Invest in Arm
8. AMD Launches Instinct MI300 AI Chips
9. TDK (6762 JT) Earnings May Not Gain Momentum Until Q2
10. Other Tech-Related News & Moves That Caught Our Eye
Autos
11. Toyota (7203 JT) Outlines Technology Strategy
12. Nissan (7201 JT) COO Gupta Leaves
Auto Parts / Machinery
13. Yaskawa (6506 JT) Hit a New ATH
14. MHI (7011 JT) 7-Yr High on Missiles and Upgrade
15. Daikin (6367 JT) Hits Listing High Just Below ¥30,000
16. Komatsu (6301 JT) Rises on Mining Optimism
Internet / eCommerce
17. Anycolor’s (5032 JT) FY23 Earnings Beat but FY24 Guidance Misses
18. Other Internet / eCommerce News & Moves That Caught Our Eye
Enterprise Software / IT Services
19. Shift (3697 JT) Acquires Fukuoka Software Company
20. Sansan (4443 JT) Throws Down Talent Gauntlet, Hiking Graduate Starting Salaries by +11% to ¥5.6mil
21. Other ERP Software / IT Services News & Moves That Caught Our Eye
Pharma
22. Other Pharma News & Moves That Caught Our Eye
Miscellaneous / Market / Strategy / Macro
23. May Producer Prices / Machine Tool Orders Fall
24. April Machinery Orders Fall -18% YoY
25. Nikkei Above High Hit in the Famous “Dead Cat Bounce” of Summer 1990
26. Other News & Moves That Caught Our Eye
PSA in the Press
With the impressive move in Toyota shares post its 12 Jun tech strategy presentation, the Bloomberg Street Wrap on 15 Jun includes comments from Julie Boote.
https://blinks.bloomberg.com/news/stories/RW9POZT1UM0W
PSA Company Visits, Tours and Interviews
Visited: Resonac (4004 JT), Mitsui Chemicals (4183 JT), Kaneka (4118 JT)
Conference Calls with: DTS Corp (9682 JT)
Presentations at: Olympus (7733 JT), Mitsui Chemicals (4183 JT)
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