The Must Read PSA Weekly Research Round-up (week to 06 Mar)

REPORTS: Daikin (6367 JT): cost (Depreciation) Reduction; 2020 Theme / MACRO: Poor Feb department store sales / Liquidity boost / Disappointing comments from Abe Diet Speech /
INDUSTRY INSIGHTS: Covid-19 impacting Japan 5G rollout; 8Gb DRAM above US$3.00 / Japanese automakers record strong Feb US auto sales / Autos: Concern over further supply chain disruptions / Automakers aiming for profitable EV business / Plus additional COMPANY INSIGHTS

The Weekly Comment by Pelham Smithers

Pelham discusses whether Covid-19 might end Japan’s aversion to eCommerce

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

1. Daikin (6367 JT) – Depreciation Reduction; 2020 Issues

Company / Sector / Thematic Comments at a Glance

Technology: Consumer Electronics, Gaming

1. Is Capcom Set to Release Resident Evil 8 in FY20?
2. Sony’s (6758 JT) PS5 Cost
3. Nintendo’s (7974 JT) Mario Kart Tour to Go Truly Multi-player / Switch Shortages?

Technology: Industrial Electronics, Electronic Components and Precision

4. 8Gb DRAM Above US$3.00 7
5. SK Hynix (006600 KS) Ups CMOS Presence
6. Nitto Denko (6988 JT) Moves ND-L02-S0201 to Phase II in Japan
7. 5G-related Stocks Bouncing
8. Covid-19 Impacting Japan 5G Rollout
9. Canon (7751 JT) To Make OLED Panels?
10. Hitachi’s (6501 JT) Environmentally Friendly Desalination Plant
11. NEC’s Post-5G Technology
12. Fujitsu (6702 JT) Develops Advanced Video Compression Capabilities

Chemicals / Materials

13. Asahi Kasei (3407 JT) Acquires Another Auto Interior Business
14. Downward Revision at Sumitomo Chemical (4005 JT) Encompasses Covid-19

Autos

15. Japanese Automakers Record Strong US Auto Sales in February
16. Autos: Concern over Further Supply Chain Disruptions
17. Automakers Aiming for Profitable EV Business
18. Is Toyota (7203 JT) Still a Safe Haven?

Auto Parts / Machinery

19. Syrius Robotics to Enter Japan Automated Warehousing from April

Internet / eCommerce

20. Rakuten (4755 JT) Unveils Its Mobile Offering ; No “Bang” Post Announcement
21. Weak Bookings at Kakaku.com’s (2371 JT) Tabelog

Enterprise Software

22. ERP-Plays in Health-related Businesses

Macro / Miscellaneous

23. Poor Feb Department Store Sales
24. Liquidity Boost / PSA Focus List Stocks Rebound
25. Disappointing Diet Speech / Covid-19 Fears

PSA Company Visits, Tours and Interviews

• Visited: Shin-Etsu Chemical (4063 JT), Dexerials (4980 JT), Kuraray (3405 JT)
• Interviewed / Conference Call with: Ube Industries (4208 JT)
• Watched Rakuten’s (4755 JT) MMO business strategy conference webcast

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