The Must Read PSA Weekly Research Round-up (week to 11 Mar)

REPORTS: Hino Motors (7205 JT) / INDUSTRY INSIGHTS: Material stock moves / Semiconductor prices rising / The battle for the ‘once in a lifetime’ digital invoicing opportunity / MISCELLANEOUS, MARKET & MACRO: Ukraine war accelerates foreign selling of Japan shares / Economic growth prospects and the tech sector / COMPANY INSIGHTS, NEWS, PREVIEWS & RESULTS: Sony PlayStation State of Play presentation / Toshiba reckons chip shortage to continue / Nanya Tech / TSMC Feb data / Canon goes on the offensive / What is priced in for Nidec? / Fujitsu lays off workers / Toyota announces further production cuts / Mazda presents all-new CX-60 PHEV / Brutal week for Hino shares

The Weekly Comment by Pelham Smithers

The arrival of The Batman sees the end of cinemas charging the same amount for every film they show. Since these exploratory steps look to have been successful, we should expect more and bigger premiums in the future. Pelham Smithers discusses this new trend.

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

1. Hino Cheat Scandal – How Bad Can It Get?

Company / Sector / Thematic Comments at a Glance

Technology: Consumer Electronics, Gaming

1. Sony (6758 JT) PlayStation State of Play Presentation – Our Expectations…
2. …and What Was Then Released
3. Other Consumer Electronic / Gaming-Related News & Moves That Caught Our Eye

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

4. Semiconductor Prices Rising
5. The Performance of the Global Economy and the Tech Sector – it Matters
6. Nanya Tech (2408 JT) / TSMC (2330 JT) Feb Production Data
7. Canon (7751 JT) Goes on the Offensive
8. Rohm (6963 JT) Falls as Revision Short of Consensus
9. Toshiba (6502 JT) Reckons Chip Shortage Will Continue
10. Nidec (6594 JT): What is Priced In?
11. Fujitsu (6702 JT) Lays of 3,000+ Workers
12. Other Tech-Related News & Moves That Caught Our Eye

Chemicals / Materials

13. Material Stock Moves on Monday 7 Mar
14. AGC (5201 JT) De-emphasizes Russian Exposure
15. Ohara Inc (5218 JT) Ups Guidance on Better Glass Demand

Autos

16. Hino (7205 JT) Heavily Sold Down on Emission Falsification Data
17. Finally – A Good Day for (Most) Auto Stocks
18. Mazda (7261 JT) Presents All-New CX-60 PHEV
19. Toyota (7203 JT) Announces Further Production Cuts

Auto Parts / Machinery

20. Ferrotec (6890 JT) Ahead of Top-Line FY21 Guidance

Internet / eCommerce

21. Giftee (4449 JT) Approaches the ¥1,000 Level Again
22. Internet / eCommerce News & Moves That Caught Our Eye

Enterprise Software

23. The Battle for the ‘Once in a Lifetime’ Digital Invoicing Opportunity

Pharma

24. Shionogi (4507 JT): Criticism of its Anti-Covid Treatment
25. Eisai (4523 JT): A Humira Biosimilar Gets the Go-Ahead for Sales in the US

Market / Strategy / Macro

26. Ukraine War Accelerates Foreign Selling of Japan Shares

PSA Company Visits, Tours and Interviews

• Visited: Shin-Etsu Chemical (4063 JT), Asahi Kasei (3407 JT), Ferrotec (6890 JT)
• Conference Calls with: Ohara Inc. (5218 JT), Net Protections (7383 JT)

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