- Joel Scheiman
- Julie Boote
- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
- William Nestuk
The PSA Research Round-Up for the Week to 6 June 2025
Weekly Comment SummaryThe turnaround of Shinsei Bank by SBI Holdings is only the latest in a series of successful turnarounds for Japanese corporate brands.
As in the case of Nissan Motor, the turnaround itself may run into trouble, but that it is happening at all is interesting, thinks Pelham Smithers.
PSA Weekly Contents at a Glance
Reports / Flash Notes Summaries
1. Much Discontent over Toyota Industries Privatisation Deal
2. SBI Holdings (8473 JT) – Migrating from Star Broker to Star Banker
3. Timee Inc (215A JT) – Not Shaken by Intensifying Competition
4. Kakuyasu Group (7686 JT) – Attractive Dividend Yield & New Opportunity
5. Moriya Transportation Engineering & Maintenance (6226 JT) – Solid Repairs Continue
Company / Sector / Thematic Comments
Technology: Consumer Electronics, Gaming
1. Video Games Industry Round-Up
2. The Switch 2 Has Launched; Now We Wait
3. Is Making Mid-Budget Movies Enough for Sony?
4. Elden Ring Nightreign Player Numbers Start to Slip
5. Other News & Moves That Caught Our Eye
Technology: Industrial Electronics / Components / Semis & SPE / Precision
6. Japanese AI Stocks Revisited
7. SoftBank and Intel in AI Memory Chip JV
8. Other News & Moves That Caught Our Eye
Chemicals / Materials
9. Restructuring Continues at Japan’s Petrochemical Suppliers
10. Other News & Moves That Caught Our Eye
Autos / New Mobility
11. Auto Sector Concerned over Supply Disruptions
12. May US Auto Sales: Mixed Results from Japanese Assemblers
13. Other News & Moves That Caught Our Eye
Auto Parts / Machinery / Capital Goods
14. Toyota Industries Buyout Details Announced / Share Price Speculation
15. Defence-Plays Performance Strong
Internet / eCommerce
16. Japan’s Population Has Declined for 18 Consecutive Years
17. Net Protections: Strong Momentum Continues
18. Timee Waives Fees for Rice Mill Plants
19. Other News & Moves That Caught Our Eye
Pharma / Healthcare
20. Santen Myopia Drug Approved in EU
21. Other News & Moves That Caught Our Eye
Small- / Mid-Cap Insights
22. Insource Reports May KPIs
23. Intermestic May KPIs: Tough Hurdles
Miscellaneous / Market / Strategy / Macro
24. How Weak is Japan’s Household Spending Really?
25. FY24 Q4 Capex +6% YoY
26. Other News & Moves That Caught Our Eye
List of Recently Published PSA Notes & Reports
PSA in the Press
The FT Lex column [30 May] cites PSA: Nissan’s big problem is not profitability — it’s BYD
Julie Boote’s views on the price of the TOB for Toyota Industries in the following article: Toyota Industries Buyout Hinges on Squeezing Minority Investors – Bloomberg [4 Jun]
PSA Company Visits, Tours and Interviews
Visited: Kakuyasu Group (7686 JT), Moriya Transportation Engine & Mfg (6226 JT), Kaneka (4118 JT)
1-1 Call with: Kyoritsu Maintenance (9616 JT), Insource (6200 JT), Intermestic (262A JT)
Presentations at: Kioxia (285A)
Small Meeting: Asahi Kasei (3407 JT)
Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods.
PSA produces both company and sector reports. The focus of PSA’s research is to identify winners and losers as new technologies impact the top and bottom lines of corporations. Critical to our research is the clear explanation of how these new technologies work and how they impact companies and industries.
The founding partners have worked closely together for twenty years and the team has more than doubled in size since 2012.
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