The Must Read PSA Weekly Research Round-up (week to 28 Jun)
REPORTS: Park24 (4666 JT): Contracts in Australia are for 5 years on average / Shift (3697 JT) – How its HR and AI strategies coexist / Japan Stock Market Quarterly & Focus List Update for 2024 Q3 / INDUSTRY INSIGHTS: Mixed picture for the video games sector / Weak yen to boost automakers’ FY24 Q1 results / Mixed May production results for Japanese automakers / MISCELLANEOUS MARKET & MACRO: Economic data out this week / Key May Economic Data Supportive of Rate Hike / COMPANY INSIGHTS, NEWS, PREVIEWS & RESULTS: Readthrough from Nintendo Direct for Nintendo stock / Gumi to raise ¥2.92bil in private placement / Capcom announces another “Reissue” to boost FY24 performance / Capcom announces / Video Games Industry Round-up / Sony targeting FY24 CMOS image sensor market share at 58% +5ppts / Kaneka’s potentially conservative FY24 guidance / Nissan closes China plant
The Weekly Comment by William Nestuk
William Nestuk reviews the performance of Japanese machinery stocks over the past quarter. Multi-year visibility of earnings is key, he feels.
Reports / Flash Notes Published This Week: Headlines at a Glance
1. Park24 (4666 JT): Contracts in Australia Are for 5 Years on Average
2. Shift (3697 JT) – How its HR and AI Strategies Coexist
3. Japan Stock Market Quarterly & Focus List Update for 2024 Q3
Stalling Market: Multi-Year Visibility Key for Machinery Stocks
Company / Sector / Thematic Comments at a Glance
Technology: Consumer Electronics, Gaming
1. Readthrough from Nintendo Direct for Nintendo Stock
2. Mixed Picture For the Video Games Sector
3. Gumi to Raise ¥2.92bil in Private Placement
4. Capcom Announces Another “Reissue” to Boost FY24 Performance
5. Capcom Announces
6. Video Games Industry Round-up
7. Other Consumer Elec / Gaming
Technology: Industrial Electronics / Components / Semis & SPE / Precision
8. Sony Targeting FY24 CMOS Image Sensor Market Share at 58% +5ppts
Chemicals / Materials
9. Kaneka’s Potentially Conservative FY24 Guidance
10. Other Chemicals / Materials News & Moves That Caught Our Eye
Autos / New Mobility
11. Nissan Closes China Plant
12. Weak Yen to Boost Automakers’ FY24 Q1 Results
13. Mixed May Production Results for Japanese Automakers
14. Other Auto News & Moves That Caught Our Eye
Auto Parts / Machinery / Capital Goods
15. MHI Listing High and +25% This Month
16. Yen Plays: Yaskawa, KHI
17. Machinery / Capital Goods News & Moves That Caught Our Eye
Enterprise Software / IT Services
18. Shift’s Acquisition Departs from Company’s Own M&A Criteria
19. NTT Group’s Tsuzumi LLM Launches on Microsoft’s Azure Platform in Japan
20. Other ERP Software / IT Services News & Moves That Caught Our Eye
Pharma / Healthcare
21. Takeda Announces Livtencity Approval and Positive Mezagitamab Phase 2b Results
22. PeptiDream Extends Gains as Trials for 64Cu-ATSM Head to Phase III
23. Other Pharma / Healthcare News & Moves That Caught Our Eye
Small- / Mid-Cap Insights
24. Fujita Kanko’s Hotel Business Doing Well
25. Other Small- / Mid-cap News & Moves That Caught Our Eye
Miscellaneous / Market / Strategy / Macro
26. Economic Data Out This Week
27. Key May Economic Data Supportive of Rate Hike
28. Other News & Moves That Caught Our Eye
PSA Company Visits, Tours and Interviews
Visited / Calls with: Anicom Holdings (8715 JT), Fujita Kanko (9722 JT), Open Up Group (2154 JT)
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