The Must Read PSA Weekly Research Round-up (week to 09 Oct)

REPORTS: Trend Micro (4704 JT) / Suzuki Motors (7269 JT) / MARKET / MACRO: Household spending / cash earnings / COMPANY INSIGHTS: Is Mario Kart: Live Home Circuit the game for the holiday season? / Sony tears apart the PS5 (so you don’t have to) / Playstation head presents outlook for PS5 sales / Sony, Kioxia seek US approval to sell chips to Huawei / Plus additional COMPANY INSIGHTS

The Weekly Comment by Pelham Smithers

Should You Invest in Japan Actively or Passively? Pelham Smithers nails his colours to the mast

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

1. Trend Micro (4704 JT) – Concern Over Losing Market Share in North America
2. Suzuki (7269 JT) Meeting Feedback

Company / Sector / Thematic Comments at a Glance

Technology: Consumer Electronics, Gaming

1. Is Mario Kart Live: Home Circuit the Game for the Holiday Season?
2. Sony (6758 JT) Tears Apart the PS5 (So You Don’t Have To) ; Outlook on PS5 Sales
3. Bloomberg Talking Up the Video Games Sector

Technology: Industrial Electronics and Electronic Components

4. Sony (6758 JT), Kioxia Seek US Approval to Sell Chips to Huawei
5. NEC (6701 JT): Another Step Towards AI

Technology: Semiconductor Production Equipment & Precision

6. Disco (6146 JT) Releases FY20 Q2 results

Chemicals / Materials

7. Kaneka (4118 JT) Focuses on Life Sciences and Technology
8. Nippon Shokubai’s Revision Hits Sanyo Chemical Too
9. Asahi Kasei’s (3407 JT) Sep Housing Orders Weak but Improved QoQ

Autos

10. Hino’s (7205 JT) Zero Emission Vehicle Project: Fuel Cell Trucks in the US with Toyota

Auto Parts / Machinery

11. Daikin (6367 JT) Impromptu Earnings Call; Implications for Fujitsu General (6755 JT)
12. Daifuku (6383 JT) and Nabtesco (6268 JT) Rise to New Highs
13. Yaskawa (6506 JT) FY20 Q2 – A Slight Positive on Robotics Recovery

Telecom

14. SoftBank’s (9984 JT) Stake in “KK” Falls to 40%

Internet / eCommerce

15. GA Technologies (3491 JT) Modern Standard Site Getting A Lot of Hits
16. Mercari (4385 JT) Launches Mercari Now in New York
17. Istyle’s (3660 JT) Good Run Continues

Enterprise Software

18. Money Forward’s (3994 JT) FY20 Q3: What to Watch for
19. Jig-Saw (3914 JT) / Splunk (SPLK US) Tie Up Underscores Different Business Models

Pharma

20. Eisai (4523 JT) to Trial Eritoran for Use Against Covid

Miscellaneous

21. Hope Inc (6195 JT): A Beneficiary of Power Deregulation
22. Stock News and Moves that Caught Our Eye This Week

Macro

23. Japan’s Household Spending Survey / Cash Earnings

PSA Company Visits, Tours and Interviews

• Interviewed / Conference Call with: Minebea-Mitsumi (6479 JT), Toyota Ind (6201 JT), Suzuki (7269 JT), NRI (4307 JT)
• Participated in in strategy presentation with: Kaneka (4118 JT)
• Participated in earnings call with: Yaskawa (6506 JT)

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