The Must Read PSA Weekly Research Round-up (week to 26 May)
REPORTS: Japan’s GARP 30 / What Nvidia’s Results Tell us about this Semiconductor Cycle / Where Are Japan’s Auto Companies Headed? / INDUSTRY INSIGHTS: Global video game console sales fall YoY in April / Heavies rise on defence theme / Japanese small-cap AI firms incorporate ChatGPT into their products / MISCELLANEOUS, MARKET & MACRO: Weak March Machinery Orders / COMPANY INSIGHTS, NEWS, PREVIEWS & RESULTS: Street Fighter 6 set to face tough competition in 2023 / Nintendo in gacha lawsuit in USA / Could Sega Sammy have better used the Rovio money? / Nvidia’s FY23 Q2 outlook sparks rally in Japan-related plays / Nissha sees higher growth for Medical Technologies / Toyota reviews governance system in reaction to Daihatsu data manipulation / Isuzu, Hino, Mitsubishi Motors affected by ASEAN concerns
The Weekly Comment by Pelham Smithers
With the yen at ¥140/$, there is talk of the new governor of the Bank of Japan, Kazuo Ueda, widening (ie raising) bond yield limits. However, the latest inflation data would suggest otherwise. Pelham Smithers discusses.
Reports / Flash Notes Published This Week: Headlines at a Glance
1. Japan Market Strategy: Japan’s GARP 30
2. What Nvidia’s Results Tell us about this Semiconductor Cycle
3. Where Are Japan’s Auto Companies Headed?
Company / Sector / Thematic Comments at a Glance
Technology: Consumer Electronics, Gaming
1. Global Video Game Console Sales Fall YoY in April
2. Capcom’s (9697 JT) Street Fighter 6 Set to Face Tough Competition in 2023
Technology: Industrial Electronics / Components / Semis & SPE / Precision
3. Nvidia’s Results Sent Related Japan Plays Higher
4. Nidec (6594 JT) A3 Rating
5. Other Tech-Related News & Moves That Caught Our Eye
Chemicals / Materials
6. Nissha (7915 JT) Sees Higher Growth for Medical Technologies
7. Other Chemical / Material-Related News & Moves That Caught Our Eye
Autos
8. Toyota (7203 JT) Reviews Governance System in Reaction to Daihatsu Data Manipulation
9. Isuzu (7202 JT), Hino (7205 JT) and MMC (7211 JT) Affected by ASEAN Concerns
Auto Parts / Machinery
10. Daikin (6367 JT) Up For 24 of Past 28 Sessions
11. Fujikura (5803 JT) Rises on 3-Yr Plan
12. Fanuc (6954 JT) & Mitsubishi Electric (6503 JT) Firm
13. Heavies Rise on Defence Theme
14. HCM (6305 JT) Rises on an Upgrade Despite Weak Market
Internet / eCommerce
15. Recruit (6098 JT) Hits New YTD High
16. Istyle (3660 JT) Continues to be Sold Off
17. Giftee (4449 JT) Hits a One-Month Low
18. Other Internet / eCommerce News & Moves That Caught Our Eye
Enterprise Software / IT Services
19. Japanese Small-Cap AI Companies Incorporate ChatGPT into Products
20. NTT Data (9613 JT) Sets Up Global Lab for Burgeoning Technologies
Pharma
21. Pharma News & Moves That Caught Our Eye
Miscellaneous / Market / Strategy / Macro
22. Weak March Machinery Orders
23. Other News & Moves That Caught Our Eye
PSA Company Visits, Tours and Interviews
Presentations at: UBE Corp (4208 JT), Sekisui Chemical (4204 JT), Sanyo Chemical (4471 JT), Tosoh (4042 JT), Nissha (7915 JT), Sumitomo Chemical (4005 JT – small meeting)
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