The Must Read PSA Weekly Research Round-up (week to 04 Mar)

REPORTS: Corporate Japan and its IT and CyberSecurity Problem / Impact of the Russian / Ukraine War on the Auto Industry / BASE Inc (4477 JT0 / SRE Holdings (2980 JT) / MISCELLANEOUS, MARKET & MACRO: Japan industrial production -1.3% MoM / Share buybacks, retirements in the news / Corporate Japan cuts software spending for second quarter / COMPANY INSIGHTS, NEWS, PREVIEWS & RESULTS / Sony and Honda’s EV tie-up / Bandai Namco’s Elden Ring continues to prove popular / Guardians of the Galaxy coming to Xbox Game Pass / Nexon’s Jung-ju Kim dies / Rohm revises up / Kaneka hikes solar prices by 20%+ / Asahi Kasei, Nippon Kayaku sold after explosion / Isuzu and Hino announce electric bus production plan / Ford to run EV unit as separate operation

The Weekly Comment by Pelham Smithers

The Ukraine War had broken the striking parallels between Wall Street in 2022 and Japan in 1990, but the attack on the Zaporizhzhya nuclear power plant may end the belief that events are in any way good news for equities. Pelham Smithers discusses.

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

1. Impact of the Russian / Ukraine War on Autos
2. Corporate Japan and its IT and CyberSecurity Problem
3. BASE Inc (4477 JT) Update
4. SRE Holdings (2980 JT) Update

Company / Sector / Thematic Comments at a Glance

Technology: Consumer Electronics, Gaming

1. Bandai Namco (7832 JT): Concurrent Players on Steam Hits Record Level
2. Nexon’s (3659 JT) Jung-ju Kim Dies
3. Guardians of the Galaxy Coming to Xbox Game Pass
4. Sony (6758 JT) and Honda (7267 JT) in EV Tie-up: Part 1: Implications for Sony
5. Sony and Honda in EV Tie-up: Part 2: Implications for Honda
6. Other Consumer Electronic / Video Game News & Moves Catching Our Eye

Technology: Industrial Electronics / Components / Semis & SPE / Precision

7. Rohm (6963 JT) Revises Up
8. Other Tech / Fintech-Related News & Moves That Caught Our Eye

Chemicals / Materials

9. Kaneka (4118 JT) Hikes Solar Cell Prices by Over 20%
10. Asahi Kasei (3407 JT), Nippon Kayaku (4272 JT) Sold After Explosion


11. Isuzu (7202 JT) and Hino (7205 JT) Announce Electric Bus Production Plan
12. Hino (7205 JT) Under Investigation for Falsified Data
13. Ford (F US) to Run EV Unit as Separate Operation

Auto Parts / Machinery

14. Daikin (6367 JT): Material Cost Impact Could Exceed US$1.1bil in FY21
15. Daifuku (6383 JT) Sags Despite Broker Upgrade

Internet / eCommerce

16. Rakuten (4755 JT), Viber and Ukraine
17. Giftee (4449 JT) Approaches the ¥1,000 Level
18. Demae-can (2484 JT) Down as Uber Eats Expands Dark Stores Network

Enterprise Software

19. Cybozu (4776 JT) Investor Day: Poor on Numbers, Rich in Colour
20. Money Forward (3994 JT) Raises FY22 Q1 Forecasts
21. Does Share Sale at SRE (2980 JT) Provide New Entry Point?


22. Eisai (4523 JT) to Submit Application Data for


23. Other News & Moves That Caught Our Eye

Market / Strategy / Macro

24. Share Buybacks, Retirements in the News
25. Japan Industrial Production -1.3% MoM
26. Corporate Japan Cuts Software Spending for Second Quarter

PSA Company Visits, Tours and Interviews

• Visited: Dexerials (4980 JT), Taoka Chemical (4113 JT)
• Conference Calls with: Email Q&A with Nomura Research Institute (4307)
• Presentations at: Money Forward (3994 JT), Cybozu (4776 JT), Sumitomo Chemical (4005 JT), Adeka (4401 JT)

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