The Must Read PSA Weekly Research Round-up (week to 17 Sep)

REPORT: Market Strategy: Is It Time for (More) Foreign Investors to Positively Reappraise the Japanese Market? / The Automotive Operating System – the Big Issue / INDUSTRY INSIGHTS: Japan August SPE billings +30% YoYMACRO: Acquisitions and issues / Import / export data and foreign investor flows / COMPANY INSIGHTS, NEWS, PREVIEWS & RESULTS: Nintendo cuts Switch price in Europe / Weekly Switch sales recover the 300K mark / Nidec outlines ¥100bil machine tool plan; Nagamori is back / NEC Mobile PoS function upgrades hit 200 mark / Apple reveals its 2021 iPhones / Investors appear trusting of Asahi Kasei’s Itamar acquisition / JSR to add leading-edge EUV photoresist maker Inpria

The Weekly Comment by Pelham Smithers

Foreigners are buying the Japanese market, but are using futures more than cash. Ideally, this would be the other way around, says Pelham Smithers.

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

1. Market Strategy – Is It Time for More Foreign Investors to Positively Reappraise the Japanese Market?
2. The Automotive Operating System – the Big Issue

Company / Sector / Thematic Comments at a Glance

Technology: Consumer Electronics, Gaming

1. Apple (AAPL US) Reveals 2021 iPhones
2. Nintendo (7974 JT) Cuts Price of the Switch in Europe
3. Weekly Switch Sales Recover the 300K Mark
4. Other Consumer Electronics / Gaming-Related News & Moves That Caught Our Eye

Technology: Industrial Electronics / Components / Semis & SPE / Precision

5. Nidec (6594 JT) Outlines ¥100bil Machine Tool Plan
6. Nidec’s Nagamori is Back
7. NEC Mobile PoS Function Upgrades Hit 200 Mark
8. Japan August SPE Billings +30% YoY
9. Other Tech-Related News & Moves That Caught Our Eye

Chemicals / Materials

10. Investors Appear Trusting of Asahi Kasei’s (3407 JT) Itamar Acquisition
11. JSR (4185 JT) to Add Leading-edge EUV Photoresist Maker Inpria

Autos

12. Toyota (7203 JT) and Honda (7267 JT) Object to a US EV Bill
13. Mitsubishi Motors (7211 JT) Stops Developing Platforms in Japan
14. Global Chip Shortage Hurting Motorcycle Sales

Auto Parts / Machinery

15. Bridgestone’s (5108 JT) EV Tires to Replace Low-Margin Tires/Competition
16. Automation stars: SMC, Yaskawa and Omron Hit New Listing Highs

Internet / eCommerce

17. Demae-can (2484 JT) to Raise ¥80bil Through Issuances of New Shares
18. GA Technologies’ (3491 JT) FY21 Q3 Results and FY Downward Revision / Shares Hit Hard
19. Other Tech-Related News & Moves That Caught Our Eye

Enterprise Software

20. Software-Related News & Moves That Caught Our Eye

Telecom

21. SoftBank Group (9984 JT) Announces Latam investment / Potential IPO of Paytm 17

Miscellaneous

22. Other News & Moves That Caught Our Eye

Market / Strategy / Macro

23. Market Reactions to Acquisitions and Share Issues
24. Import / Export Data and Foreign Investor Flows

PSA Company Visits, Tours and Interviews

• Visited: Asahi Kasei (3407 JT), Showa Denko (4004 JT), Toyota Industries (6201 JT), SMC (6273 JT)
• Conference Calls with: JSR (4185 JT)
• Interview with: Tokyo Ohka Kogyo (4186 JT)

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