The Must Read PSA Weekly Research Round-up (week to 16 Oct)

REPORTS: GMO Financial Gate (4051 JT) / Yaskawa Electric (6506 JT) / Suga’s Digital Investment Plan / INDUSTRY INSIGHTS: What Japan stock investors should look for from the iPhone launch event / Consumption via smartphone rises / Japan’s automakers facing massive safety belt recall / Daimler’s mobility insurance venture sets an example for auto industry / Update on NASH / MACRO: China imports surge / Plus additional COMPANY INSIGHTS

The Weekly Comment by Pelham Smithers

Pelham Smithers points to lessons from the 80s as we look at opportunities from today’s Digital Transformation. Industries beset by complexity, such as shipping, are set to be the perhaps surprising beneficiaries.

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

1. GMO Financial Gate (4051 JT) – Initiation
2. Suga’s Digital Investment Plan
3. Yaskawa Electric (6506 JT) 2020 H1 Results

Company / Sector / Thematic Comments at a Glance

Technology: Consumer Electronics, Gaming

1. Expectations for New iPhone, What We Got and Who is the Winner
2. How Sony’s (6758 JT) Lidar Works
3. Sony Sees Forecasts Trimmed

Technology: Industrial Electronics and Electronic Components

4. Nidec Interested in Acquiring JATCO

Chemicals / Materials

5. Fujifilm’s (4901 JT) CDMO Business Sees Rapid Expansion

Autos

6. Honda (7267 JT) Tackles Light Truck Market in the US
7. Daimler’s Mobility Insurance Venture an Example for Auto Industry
8. Japanese Automakers Facing Massive Safety Belt Recalls

Auto Parts / Machinery

9. Yaskawa (6506 JT) Second Conference Call: Neutral Tone
10. Ferrotec Soars on Broker Upgrade

Internet / eCommerce

11. Consumption via Smartphones Rises
12. Demae-can’s (2484 JT) FY20 Results

Enterprise Software

13. Sansan (4443 JT) Shares Rise as Investors See FY20 Q1 Results as Glass Half Full
14. Sansan: What Happens When Business Cards Don’t Need Digitizing Anymore?
15. Money Forward (3994 JT) Splits Stock and Produces Steady FY20 Q3 Sales
16. RPA Holdings (6572 JT) Revises Up Lower End of OP Guidance

Pharma

17. Japan: No Covid Vaccine Before 2022
18. Update on NASH

Miscellaneous

19. Kitanotatsujin (2930 JT) 2Q FY20 OP -44% YoY

Market

20. Global Press Spotlights Japan’s Mothers Market

Macro

21. China Imports Surge

PSA Company Visits, Tours and Interviews

• Interviewed / Conference Call with: Sansan (4443 JT), Toyota Ind (6201 JT)
• Participated in presentations by: Fujifilm Holdings (4901 JT), Sumitomo Chemical (4005 JT)

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