Pelham Smithers Associates Ltd - PSA Japan Research Round-Up for the week to 18 September 2020

Report

Pelham Smithers Associates Ltd

Joel Scheiman ...

Julie Boote
Lindsay Whipp
Pelham Smithers
Thao Nguyen
William Nestuk

PSA Japan Research Round-Up for the week to 18 September 2020

Weekly Comment Summary
Lindsay Whipp reviews Japan’s SaaS and IT service companies. Using sales/employee as a tool for comparison highlights interesting points to consider when choosing the best businesses in the sector.

Reports / Flash Notes Summaries
1. Mercari (4385 JT) – Moving into the Black in FY22; Double-Digit OPM in FY23
2. Tokyo Gets a Memory Stock Again – the soon-to-be-listed Kioxia Holdings (6600 JT)
Company / Sector / Thematic Comments
Technology: Consumer Electronics, Gaming
1. Sony (6758 JT) in PS5 SoC Production Concerns and the PS5 Unveiling
2. Square Enix (9684 JT): Final Fantasy XVI and the PS5 Unveiling
Technology: Industrial Electronics and Electronic Components
3. NEC in Insurance Blockchain Move
Technology: Semiconductor Production Equipment & Precision
4. Fujifilm’s (4901 JT) Hopes for Hi-Tech Endoscopes
Chemicals / Materials
5. JSR (4185 JT) and JNC Corp Scale Back LCD Materials
Autos
6. Subaru (7270 JT) Facing Unintended Acceleration Lawsuit
7. Chinese Cities, Automakers Step up FCV Development Efforts
8. Bad News on All Fronts for Europe’s Auto Market – Except for Electrification
Telecom
9. Suga Goes After Spectrum Usage Fees
10. SoftBank Group (9984 JT) Confirms Going Private is Under Consideration
11. SoftBank Corp (9434 JT) Shares Rebound
Internet / eCommerce
12. GA Technologies’ (3491 JT) FY20 Q3 Results
13. Enigmo’s (3665 JT) FY20 Q2 Results
14. Demae-Can (2484 JT) No.1 Food Delivery Firm in Japan but More Competition is Coming
Enterprise Software
15. Listing of Cybozu (4776 JT) Investment Toyokumo Won’t Deliver Extraordinary Profit
Pharma
16. Daiichi Sankyo (4568 JT) Begins Patritumab Deruxtecan P2 Trials
17. Takeda (4502 JT) to Sell its TachoSil IP
Miscellaneous
18. Fraudsters Hit Customer Accounts at SBI Holdings (8473 JT)
19. Artificial Glass Eel Breeding Achieved!
Macro / Politics
20. Yoshihide Suga Wins LDP Presidency

PSA Company Visits, Tours and Interviews
• Visited: Shin-Etsu Chemical (4063 JT), Tokyo Ohka Kogyo (4186 JT)
• Interviewed / Conference Call with: MinebeaMitsumi (6479 JT), Daifuku (6383 JT), Toyota Ind (6201JT), JBEC (unlisted)
• Watched earnings webcast of Japan Display (6740 JT)
• Attended presentation by: Fujifilm Holdings (4901 JT)

18/09/2020 20 EN

Provider

Pelham Smithers Associates Ltd

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.

See profile

Analysts

Joel Scheiman

Julie Boote

Lindsay Whipp

Pelham Smithers

Thao Nguyen

William Nestuk

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PSA Japan Research Round-Up for the week to 18 September 2020

The PSA Research Round-Up for the Week to 2 May 2025

PSA Today 2 May: US China talks? / Japan US trade talks Part 2 / MSFT Xbox price raised / US auto scramble / Daikin 5-wk high / DeNA FY24 preview / DTS strong outlook / Genki Nxera – Nikkei 225 +1.04%

PSA Research & Consulting Services: BayCurrent (6532 JT) Update 2025

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