The Must Read PSA Weekly Research Round-up (week to 26 Mar)

REPORTS: JSR (4185 JT) / Jig-Saw Inc (3914 JT) / Intel to the rescue / MACRO: Renesas and the Fed bet / BoJ virus lending hits record ¥18.7tril / COMPANY INSIGHTS: JSR’s strategy looks solid but not surprising / Mitsui M&S revises up / INDUSTRY INSIGHTS: Positive outlook for auto financial services / China automation dip / Plus additional COMPANY & INDUSTRY INSIGHTS

The Weekly Comment by Lindsay Whipp

Lindsay takes a look at MedTech play JMDC’s parent Noritsu Koki, one of several Japanese names trading at less than the value of their subsidiaries / affiliates.

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

1. JSR (4185 JT) – A New Corporate Image
2. Jig-Saw Inc (3914 JT) – A Xilinx for the 2020s? Or a Toy?
3. Intel (INTC US) to the Semiconductor Shortage Rescue
4. Japan MedTech – Not All Are Created Equal

Company / Sector / Thematic Comments at a Glance

Technology: Consumer Electronics, Gaming

1. Nintendo (7974 JT) Teams Up with Niantic Again
2. DoJ Extends Anti-Trust Review of Sony’s (6758 JT) Acquisition of Crunchyroll
3. Weekly Mobile Game Revenues Update
4. Capcom (9697 JT) Releases Monster Hunter: Rise

Technology: Industrial Electronics / Components / Semis / SPE

5. Renesas (6723 JT) Plant Suffers a Fire; Read Across to OEMs
6. Intel (INTC US) to Boost Semiconductor Capacity
7. NEC (6701 JT) Facial Recognition Technology Takes a Leap to Healthcare
8. Other Moves and News That Caught Our Eye

Chemicals / Materials

9. JSR (4185 JT) Strategy Looks Solid but Not Surprising
10. Mitsui M&S Revises Up

Autos

11. ASEAN Auto Markets Remain under Pressure
12. Positive Outlook for Auto Financial Services
13. Toyota (7203 JT) Acquires Isuzu Stake
14. Suzuki (7269 JT) Shares Rise on India Price Hikes

Auto Parts / Machinery

15. China Automation Dip
16. Auto Component Suppliers’ FY21 Guidance Likely Flattered by Weaker Q4 FY20

Internet / eCommerce / Enterprise Software

17. Freee (4478 JT) Surges Following Share Sale Details
18. Cybozu’s (4776 JT) Feb Sales Accelerate; Borrows up to ¥bil in Expansion Push
19. Enechange (4169 JT) to Make its Smart Meter Data Subsidiary Wholly Owned
20. V-Cube (3681 JT): Life After Covid?
21. Other Moves and News That Caught Our Eye

Pharma

22. Pharma News and Moves

Miscellaneous

23. Other Moves and News That Caught Our Eye

Macro

24. Renesas and the Fed Bet
25. BoJ Virus Lending Hits Record ¥18.7tril

PSA Company Visits, Tours and Interviews

• Visited: Toyota Industries (6201 JT), Daifuku (6383 JT)

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