The Must Read PSA Weekly Research Round-up (week to 20 Sep)
REPORTS: Kakaku.com (2371 JT) / Fanuc (6954 JT) / Park24 (4666 JT) / INDUSTRY INSIGHTS: Video games round-up / July Machinery orders remain healthy as lead-times hit 66 wks / Record level of in-bound tourists in August / Chinese automakers under pressure / MISCELLANEOUS MARKET & MACRO: Japan CPI +3.0% YoY in August / Foreigners net sellers / COMPANY INSIGHTS, NEWS, PREVIEWS & RESULTS: iPhone 16 launch sales good or bad? Well, it’s complicated… / Does the PS5 Pro pricing explain the Switch 2 launch delay? / Images of “Switch 2 Protype” appear on Reddit / Sharp unveils intriguing concept EV / adopts Japan’s ‘EV-as-a-space’ angle / Hitachi looks to build flea market -styled plastic recycling platform
The Weekly Comment by Pelham Smithers
While there was no surprise about the Japanese central bank’s decision to leave rates unchanged, there were enough surprises elsewhere to beg the question “Will there be another rate hike this year?” Pelham Smithers discusses.
Reports / Flash Notes Published This Week: Headlines at a Glance
1. Kakaku.com (2371 JT) Scaling Up
2. Fanuc (6954 JT) – FA Recovers While Robotics FY24 Sales Dip
3. Park24 (4666 JT) Market Consensus is Under-Estimating the Q4 Seasonal Boost to Park24’s Mobility Business
Company / Sector / Thematic Comments at a Glance
Technology: Consumer Electronics, Gaming
1. iPhone 16 Launch Sales: Good or Bad? Well, It’s Complicated
2. Does the PS5 Pro Pricing Explain the Switch 2 Launch Delay?
3. Images of “Switch 2 Protype” Appear on Reddit
4. Video Games Round-up
Technology: Industrial Electronics / Components / Semis & SPE / Precision
5. Hitachi Looks to Build Flea-Market Styled Plastic Recycling Platform
6. Other News & Moves That Caught Our Eye
Chemicals / Materials
7. Asahi Kasei to Sell its Medical Business
8. Sumitomo Chemical Lowers its Bakelite Holding
9. Other News & Moves That Caught Our Eye
Autos / New Mobility
10. Chinese Automakers Under Pressure
11. Sharp Unveils Intriguing Concept EV
12. Sharp Adopts Japan’s ‘EV-as-A-Space’ Angle
Auto Parts / Machinery / Capital Goods
13. Machinery Orders Remain Healthy as Order Leadtime Hits 66 Weeks
14. KHI & MHI Eke Out Gains
15. Fujikura Romps Past Price Target
Pharma / Healthcare
16. Sysmex Applies For Alzheimer’s Blood Test Approval in Japan
17. Shimadzu News Round-Up
18. Other News & Moves That Caught Our Eye
Small- / Mid-Cap Insights
19. Park24’s Encouraging Q3 Results
20. Record Level of Tourists for August
Miscellaneous / Market / Strategy / Macro
21. CPI, Not BoJ May Be Key Event
22. Japan CPI +3.0% YoY in August
23. Other News & Moves That Caught Our Eye
PSA Company Visits, Tours and Interviews
Visited / 1-1 Calls with: Hamee (3134 JT), Park24 (4666 JT), CUC (9158 JT)
PSA hosted a group client conference call with: ExaWizards (4259 JT)
Presentations at: Park24 (4666 JT), Tokuyama Corp (4043)
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