The Must Read PSA Weekly Research Round-up (week to 29 Mar)
REPORTS: Market Strategy for 2024 Q2 / JMDC (4483 JT) / Mazda (7261 JT) / INDUSTRY INSIGHTS: Global game console sales / MISCELLANEOUS MARKET & MACRO: Topix consensus OP forecast for 2024 cut, but still suggests decent value / Nvidia’s FOMO effect on the Japanese stock market / COMPANY INSIGHTS, NEWS, PREVIEWS & RESULTS: Bandai Namco to expand overseas toy capsule business / Growing talk GTA6 pushed back to 2026 / PotK: Alterna highlights crowding out of Japanese mobile game market / Is Hitachi an AI stock or a data stock? / Nissan shares drop after business plan release / Suzuki finds winning formula for European market / Fujikura hitting new highs / now viewed as an AI proxy / MHI 10:1 split supports new listing high
The Weekly Comment by Pelham Smithers
The mixed economic data out on Friday underscores the controversial nature of BoJ’s recent rate hike. Pelham Smithers discusses.
Reports / Flash Notes Published This Week: Headlines at a Glance
1. Japan Stock Market Quarterly for 2024 Q2
2. JMDC (4483 JT) Initiation – a Long-term Winner of the Healthcare Data Race
3. Mazda (7261 JT) – Earnings Growth to Slow after 3-Year-Rebound
Company / Sector / Thematic Comments at a Glance
Technology: Consumer Electronics, Gaming
1. Global Game Console Sales -25% YoY in February
2. PotK: Alterna Highlights Crowding Out of Japanese Mobile Game Market
3. Bandai Namco to Expand Overseas Capsule Toy Business
4. Growing Talk GTA6 Pushed Back to 2026 – Implications for Sony
5. Other Consumer Elec / Gaming News & Moves That Caught Our Eye
Technology: Industrial Electronics / Components / Semis & SPE / Precision
6. Nvidia’s FOMO Effect on the Japanese Stock Market
7. Is Hitachi an AI Stock or a Data Stock?
8. Other Tech-Related News & Moves That Caught Our Eye
Chemicals / Materials
9. Gigacasting Development Advances
10. Struggles Continue at Sumitomo Chemical Group Companies
11. Kuraray’s EVAL Capacity Expansion
12. Kureha Revises Down
13. Mitsui Chemicals & Idemitsu Extends Petrochemical Cooperation
14. Iwatani Corp Makes Cosmo Energy an Affiliate
15. Fujifilm Launches the INSTAX Mini 99
16. Other Chemical / Material-Related News & Moves That Caught Our Eye
Autos / New Mobility
17. Nissan Presents New Business Plan ‘The Arc’
Auto Parts / Machinery / Capital Goods
18. Fujikura’s Successive Listing Highs, Now Considered an AI Proxy
19. MHI 10:1 Split Supports New Listing High
20. Koito Releases Impressive 5-Year Plan
21. Other Auto Part / Machinery News & Moves That Caught Our Eye
Enterprise Software / IT Services
22. Cybozu Sales Accelerate in February
Pharma / Healthcare
23. Kobayashi Pharmaceutical’s Beni-koji Kidney Damage Crisis
Small- / Mid-Cap Insights
24. Government Extends Subsidies to Curb Rising Gas Prices– Readacross to Park24
Miscellaneous / Market / Strategy / Macro
25. Topix Consensus 2024 OPe Cut, but Still Suggests Decent Value
26. Other News & Moves That Caught Our Eye
PSA Company Visits, Tours and Interviews
PSA Company Visits, Tours and Interviews
Visited / Calls with: Hamee (3134 JT), Oisix Ra Daichi (3182 JT), Hotland (3196 JT), ExaWizards (4259 JT), Dexerials (4980 JT), Toyota Industries (6201 JT), Komatsu (6301 JT), Daifuku (6383 JT), Fujikura (5803 JT), Aisin (7259 JT), Daikin (6367 JT)
Presentations by: Kuraray (3405 JT), Digitimes: TSMC Sparks Semiconductor Renaissance in Japan
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