The Must Read PSA Weekly Research Round-up (week to 19 Mar)

REPORTS: Cybozu (4776 JT) / Nissan Motor (7201 JT) / Diamond Electric (6699 JT)/ INDUSTRY INSIGHTS: Memory price moves / Bitcoin heading to US$60,000 again / Positive forex development for automakers / Petrochemical shares rise on recovering prices / Hydrogen story moves to “fire ice” / COMPANY INSIGHTS: Will FY21 be better for Nintendo than FY20? / NEC meshes Japan My Number system with ID verification and personal authentication / Plus additional COMPANY INSIGHTS

The Weekly Comment by Pelham Smithers

With the world in the grip of the pandemic this past year, Medtech stocks have soared indiscriminately, including in Japan. Lindsay Whipp considers the business propositions the sector is offering in Japan; while the theme is here to stay, it is time to make informed choices, especially among the newer businesses.

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

1. Cybozu (4776 JT) – US Market: Land of Opportunity, or Loss?
2. Nissan (7201 JT) – Improved Sales Outlook, Rising Margins
3. Diamond Electric (6699 JT) Q3 FY20 Rebound – Powering Up: Clean Home Energy & EV Chargers

Company / Sector / Thematic Comments at a Glance

Technology: Consumer Electronics, Gaming

1. Will FY21 Be Better for Nintendo Than FY20?
2. Ubitus in Funding Move
3. SQE (9684 JT) Unveils First Game from its Luminous Productions Studio
4. Ateam (3662 JT) Still Outperforming While Gumi (3903 JT) Wanes
5. Is HPC Systems (6597 JT) a Pure-Play on Quantum Computing?
6. Sharp’s (6753 JT) Accounting Irregularities

Technology: Industrial Electronics, Semis / SPE & Electronic Components

7. Memory Prices Rising
8. NEC (6701 JT) Meshes Japan’s My Number with “Bio-Idiom” Personal ID Verification
9. Landmark Victory for Activist Shareholders of Toshiba (6502 JT)
10. Hitachi (6501 JT) Wins Massive Orders from Washington DC Metro

Technology: Crypto / Fintech

11. Bitcoin Heading to US$60,000 Again / A Reminder on SBI Holdings (8473 JT)

Tech-Themes

12. 5G Capex / DX Plays
13. Hydrogen Story Moves on to “Fire Ice”

Chemicals / Materials

14. Asahi Kasei (3407 JT) Augments LiB Separator Plans
15. Petrochemical Shares Rise on Recovering Prices

Autos

16. Positive Forex Development for Automakers
17. Toyota (7203 JT) to Reveal New Crossover EV at Shanghai Auto

Auto Parts / Machinery

18. Diamond Electric (6699 JT) Share Rights Issued Could Relieve Selling Pressure
19. Daikin Recovers ¥23,000 Level as Raw Material Cost Concerns Fade

Telecom

20. Rakuten (4755 JT) Shares YoY on Fund-Raising

Internet / eCommerce

21. Strong Earnings at Askul (2678 JT), While Parent ZHD’s (4689 JT) Line Chat App Suffers Bad News
22. CyberAgent’s (4751 JT) New Mobile Game Top-Selling App on iOS
23. Jig-Saw (3914 JT) in Snowflake (SNOW US) Tie-Up

Enterprise Software

24. NTT Data Develops Digital Banking Platform
25. Medley (4480 JT) Revises Up Guidance on Acquisition, Organic Sales

Miscellaneous Moves and News

26. Moves and News that Caught Our Eye

Market / Macro / Strategy

27. Implications of the Fed’s “New Policy” for Japan Market
28. BoJ Buys Topix ETFs
29. (Mixed) BoJ Policy Announcements
30. China’s Extraordinary Production, Retail Statistics

PSA Company Visits, Tours and Interviews

Visited: Toyota Industries (6201 JT), Nabtesco (6268 JT), Diamond Electric (6699 JT), Daikin (6367 JT)
Contacted: Shin-Etsu Chemical (4063 JT)

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