The Must Read PSA Weekly Research Round-up (week to 20 Mar)

REPORTS: CyberAgent (4751 JT) – Offering Resilience and Value / MACRO / MARKET: INDUSTRY INSIGHTS: Growing doubt on 2020 launch of PS5 / Xbox X / ERP Software, the Systems Integration Sector and the market rout last week / Top-line growth leaders in machinery sector fare well / Plus additional COMPANY INSIGHTS

The Weekly Comment by Julie Boote

With Europe’s auto market teetering on the edge of collapse, this cannot be a good year for Japan’s assemblers here, and they are announcing plant closures. Analysing the situation, Julie Boote highlights Toyota’s outstanding relative strengths.

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

1. CyberAgent (4751 JT): Offering Resilience and Value

Company / Sector / Thematic Comments at a Glance

Technology: Consumer Electronics, Gaming

1. PS5 / Xbox X 2020 Launch Concerns: Xbox X Specs / Peter Rabbit 2 Delayed
2. Nintendo (7974 JT): Positive Pre-Release Reviews for Animal Crossing: New Horizons

Chemicals / Materials

3. Rising Expectations for Fujifilm’s (4901 JT) Avigan
4. The Dramatic Fall in KH Neochem’s (4189 JT) Share Price


5. Toyota (7203 JT) Accelerates Blockchain Initiatives

Auto Parts / Machinery

6. Top-line Growth Leaders Fare Well
7. IHI’s (7013 JT) Client Base Suffering

Internet / eCommerce

8. GA Technologies (3491 JT) Recovers as Investors Have Second Thoughts

Enterprise Software / IT

9. NRI’s (4307 JT) Market Cap Usurps NTT Data’s (9613 JT) as Japan’s Top SI Provider / Overtakes Nomura (8604 JT) As Well
10. Japan IT Services Market +4.1% in 2019
11. ERP Software, the Systems Integration Sector and the Market Rout Last Week


12. NTT DOCOMO (9437 JT) Steps Forward
13. SoftBank Group (9984 JT) To Pull Out of WeWork Bailout? / Nikkei Write-Up

Market / Macro / Miscellaneous

14. Market’s Reaction to Buybacks
15. Nikkei 225 Move Mirrors Either Side of Bubble
16. Core Machinery Orders for January +2.9% MoM, -0.3% YoY

PSA Company Visits, Tours and Interviews

• Interviewed / Conference Call with: GA Technologies (3491 JT), Fujifilm Holdings (4901 JT), KH Neochem (4189 JT), Nabtesco (6268 JT), Yokohama Rubber (5108 JT), Daikin (6268 JT)

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