The Must Read PSA Weekly Research Round-up (week to 15 Mar)
REPORTS: S-Pool Inc (2471 JT) / Kyoritsu Maintenance (9616 JT) / ASEAN’s Auto Markets / INDUSTRY INSIGHTS: FY24 getting tougher for Japan’s video game companies / Is the worst over for Japan’s second-tier game publishers? / Video game industry round-up / PVC market’s signs of recovery / Currency impact on autos / Japan’s automakers continue to struggle in China / MISCELLANEOUS MARKET & MACRO: Data & earnings mini storm / GDP / Producer Prices / Rengo wage negotiations / COMPANY INSIGHTS, NEWS, PREVIEWS & RESULTS: Nintendo unveils remakes for 2024, but still no tent-pole title / Might Helldivers 2 change Sony’s PC gaming strategy? / Nidec targets Innomotics / Brother’s counteroffer for Roland DG offers broader market implications / Nissan and Honda to collaborate on electrification and auto intelligence / W-Scope shares finish limit down / Daikin breaks ¥20,000 support on rising copper / Machinery currency plays stabilise
The Weekly Comment by Pelham Smithers
With Bitcoin above US$70,000, it is perhaps no surprise that interest in NFT / blockchain gaming is on the increase. Is this yet another flash in the pan? Or is it a sustainable business model for video game developers? Pelham Smithers discusses.
Reports / Flash Notes Published This Week: Headlines at a Glance
1. S-Pool Inc (2471 JT) Initiation – Supportive New Legal Requirement Pending
2. Kyoritsu Maintenance (9616 JT) Update – Strong ADR for Upcoming Golden Week
3. ASEAN Auto Markets in the Doldrums
Company / Sector / Thematic Comments at a Glance
Technology: Consumer Electronics, Gaming
1. FY24 Looks Increasingly Tough for Japanese Video Game Companies
2. Is the Worst Over for Japan’s Second-Tier Game Publishers?
3. Video Game Industry Round-up
4. Nintendo Unveils Remakes for 2024, but Still No Tent-Pole0
5. Might Helldivers 2 Change Sony’s PC Gaming Strategy?
6. Other Consumer Elec / Gaming News & Moves That Caught Our Eye
Technology: Industrial Electronics / Components / Semis & SPE / Precision
7. Brother’s Counteroffer for Roland: Broader Market Implications
8. Nidec Eyes Acquisition of Innomotics
9. Other Tech-Related News & Moves That Caught Our Eye
Chemicals / Materials
10. PVC Markets Show Signs of Recovery
11. W-Scope Shares Finish Limit Down
12. Other Chemical / Material-Related News & Moves That Caught Our Eye
Autos / New Mobility
13. Automakers’ FY24 Guidance to Be Impacted by Recent Currency Moves
14. Japan’s Automakers Continue to Struggle in China
15. Nissan Considers EV Cooperation with Honda / Cooperation Confirmed
16. Other Auto-Related News & Moves That Caught Our Eye
Auto Parts / Machinery / Capital Goods
17. Daikin Breaks ¥20,000 Support on Rising Copper
18. Currency Machinery Plays Stabilise
Enterprise Software / IT Services
19. Money Forward Starts JV Aimed at Japan’s HNWIs and Below
20. What’s Next with Enechange?
21. Other ERP Software / IT Services News & Moves That Caught Our Eye
Pharma / Healthcare
22. Sysmex’s R&D Day
23. Chugai and DSK Announce New Drug Applications [Japan NDAs]
24. Other Pharma News & Moves That Caught Our Eye
Small- / Mid-Cap Insights
25. Park24’s FY24 Q1 Was Ahead of Plan; Q2 Also Looks Good / Call Feedback
Miscellaneous / Market / Strategy / Macro
26. Other News & Moves That Caught Our Eye
PSA Company Visits, Tours and Interviews
Visited: Toyota Industries (6201 JT), Daifuku (6383 JT), Nabtesco (6268 JT), Park24 (4666 JT)
Conference Calls with: Insource (6200 JT)
Presentations at: Park24 (4666 JT), Sumitomo Chemical (4005 JT), W-Scope (6619 JT)
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