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

REPORTS: Nintendo (7974 JT) / Murata (6981 JT) / Our impressions from the Automobilwoche auto conference / MACRO: Japan GDP Rebounds Nicely / Is deflation returning to Japan? / INDUSTRY INSIGHTS: EUV – growing market means competition / COMPANY INSIGHTS: Price of a PS5 – if you can get one / The trouble with Nintendo… / Capcom’s ransomware attack / Plus additional COMPANY INSIGHTS & RESULTS

The Weekly Comment by Pelham Smithers

Pelham Smithers considers China’s October economics data, noting a loss of momentum. Meanwhile, the renminbi is on a tear. The next moves by both these factors are potentially concerning.

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

1. The Trouble with Nintendo…
2. Murata (6981 JT) – Capacitor for Growth
3. Impressions from the Automobilwoche Auto Conference

Company / Sector / Thematic Comments at a Glance

Technology: Consumer Electronics, Gaming

1. The Trouble with Nintendo
2. Capcom’s (9697 JT) Ransomware Attack
3. Sony (6758 JT): What You Currently Have to Pay for a PS5
4. Panasonic (6752 JT) Moves to a Holding Company Structure
5. Sharp (6753 JT) Back in the Nikkei 225

Technology: Industrial Electronics and Electronic Components

6. NEC (6701 JT) Sets up Open RAN Centre in the UK. Now What?
7. Hitachi (6501 JT) Accepts Bids for Hitachi Metals

Chemicals / Materials

8. EUV – Growing Market Means Competition

Autos

9. Nissan (7201 JT) Said to Ponder Sale of Mitsubishi Motors Stake
10. Honda (7267 JT) Unveils New Civic – on Twitch
11. Mazda (7261 JT) Comes First in US Consumer Reliability Report

Auto Parts / Machinery

12. MHI’s (7011 JT) Hydrogen Business Attracts Attention
13. SMC (6273 JT) Sags on Modest FY20 H2 Guidance

Telecom

14. Renewed Calls for Lower Rates

Internet / eCommerce

15. GungHo’s (3765 JT) FY20 Q3 Results
16. Recruit’s (6098 JT) FY20 Q2 Results
17. Demae-can (2484 JT) Up as Shift to Online Food Delivery Service Continues
18. Rakuten (4775 JT) Buys Seiyu from Walmart (WMT US)
19. CyberAgent (4751 JT) Sells Some of its Stake in Base Inc (4477 JT)
20. Z Holdings (4689 JT) Joins the Down Jones Sustainability World Index

Pharma

21. Takeda (4502 JT) Prepares for Covid Vaccines’ Trials

Miscellaneous

22. Moves and News that Caught Our Eye

Macro

23. Is Deflation Returning to Japan?
24. Japan’s GDP Rebounds Nicely

PSA Company Visits, Tours and Interviews

joint presentation of its Robotic Surgery System
• Earnings call: Recruit (6098 JT), Sanyo Chemical (4471 JT), SMC (6273 JT), Koito (7276 JT)
• Small meeting: Sumitomo Chemical (4005 JT)

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