The Must Read PSA Weekly Research Round-up (week to DD MMM)
REPORTS: Murata (6981 JT) / Toyota Motor (7203 JT) / Yaskawa Electric (6506 JT) / INDUSTRY INSIGHTS: Global mobile phone sales fall 9.2% YoY in week to 9 Oct / Video game console sales down 46% YoY / Why are Japanese enterprise software stocks off to a cracking start in Q4 22? / Sep China auto sales rise / NFT gaming market in Q3 remains weak / MISCELLANEOUS, MARKET & MACRO: Yen, JGBs, trade deficit, CPI / Foreign buying / COMPANY PREVIEWS & RESULTS: ASML 3Q FY22 Sales +10% YoY / Disco 2Q OP +36% YoY / Toyota: FY22 upgrade uncertain / Fanuc Q2 preview: small surprise / Mercari’s FY23 Q1 preview / Unprofitable projects at Shift provide drag on FY22 Q4 OP / Money Forward hits FY22 Q3 sales expectations / NRI FY22 Q2 earnings preview / COMPANY NEWS & INSIGHTS: PS5 Pro and X/S Pro launch chatter heats up / Capcom: Resident Evil Showcase on 20 Oct / Asahi Kasei promotes its LiB separator line-up / Sony Honda Mobility EVs to be sold online / Honda rolls out new CR-V in the US / Subaru: strong positive impact from weaker Yen
The Weekly Comment by Pelham Smithers
If people think the UK government lost the confidence of financial markets (it did), then why don’t people think the same of the Japanese government? Pelham Smithers ponders the conundrum.
Reports / Flash Notes Published This Week: Headlines at a Glance
1. Murata (6981 JT) – By How Much Will the Weak Yen Offset Weak Orders?
2. Toyota Motor (7203 JT): FY22 Q2 Preview
3. Yaskawa Electric (6506 JT): FY22 Outlook
Company / Sector / Thematic Comments at a Glance
Technology: Consumer Electronics, Gaming
1. PS5 Pro and X/S Pro Launch Chatter Heats Up
2. Global Mobile Phone Sales -9.2% YoY in Week to 9 October
3. Video Game Console Sales -46% YoY
4. NFT Gaming Market in Q3 Remains Weak
5. Capcom (9697 JT): Resident Evil Showcase
6. Other Consumer Elec / Gaming News & Moves That Caught Our Eye
Technology: Industrial Electronics / Components / Semis & SPE / Precision
7. ASML (ASML NA) 3Q FY22 Sales +10% YoY
8. Disco (6146 JT) 2Q OP +36% YoY
9. Other Tech-Related News & Moves That Caught Our Eye
Chemicals / Materials
10. Asahi Kasei (3407 JT) Promotes its LiB Separator Line-up
Autos
11. China Auto Sales Rise in September
12. Auto Inventory Levels Rising Again
13. Toyota (7203 JT) Preview: Earnings Guidance Upgrade Uncertain
14. Subaru (7270 JT): Strong Positive Impact from Weaker Yen
15. Honda (7267 JT) Rolls out New CR-V in the US
16. Sony Honda Mobility EVs to be Sold Online
17. Other Auto-Related News & Moves That Caught Our Eye
Auto Parts / Machinery
18. Fanuc (6954 JT) FY22 Q2 Preview: Small Surprise
Internet / eCommerce
19. Mercari’s (4385 JT) FY23 Q1 Preview
20. Other Internet / eCommerce News & Moves That Caught Our Eye
Enterprise Software / IT Services
21. Unprofitable Projects at Shift (3697 JT) Provide Drag on FY22 Q4 OP
22. Money Forward (3994 JT) Hits FY22 Q3 Sales Expectations
23. NRI (4307 JT) FY22 Q2 Preview
24. Why Are Japan’s Enterprise Software Stocks off to a Cracking Start in Q4 22?
Telecom
25. Telecom News & Moves That Caught Our Eye
Pharma
26. Pharma News & Moves That Caught Our Eye
Miscellaneous
27. Other News & Moves That Caught Our Eye
Market / Strategy / Macro
28. Foreign Buying
29. Yen, JGBs, Trade Deficit / CPI
List of PSA Published Reports Since July 2022
PSA in the Press
PSA’s cautious views on the logic behind Sony Honda Mobility’s plans to enter the EV market are noted in the following article: https://cj.sina.com.cn/articles/view/1911132352/71e990c0001012vpj
PSA Company Visits, Tours and Interviews
• Conference Calls with: Email Q&A with Money Forward (3994 JT), Anycolor (5032 JT)
• Presentations at: Money Forward (3994 JT)
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