- Julie Boote
- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
- William Nestuk
PSA Japan Research Round-Up (For the week to April 17)
The Weekly Comment SummaryCovid-19 is nudging along so many societal transformations. ERP Software analyst Lindsay Whipp considers its effect on general healthcare delivery. She discusses the nascent telemedicine / medical IT sector as Japan nears the demographic crunch time for the '2025 problem' and highlights several businesses likely to prosper as a result.
Reports / Flash Notes Summaries
1. Nissan’s (7201 JT) Focus on Cash Management Amid Covid-19 Crisis
2. Yaskawa Electric (6506 JT): FY20 Q1 OP guidance ¥4.0bil (-44% YoY / -28% QoQ); China 5G Boost
3. Kakaku.com (2371 JT) – Assailed by Covid-19 from Multiple Directions
4. NEC (6701 JT) – Important 4Q Becomes an Interesting 4Q
Company / Sector / Thematic Comments
Technology: Consumer Electronics, Gaming
1. Sony (6758 JT) to “Soft Launch†PS5?
2. Video Game Stocks: Beneficiaries of the Stay-At-Home Policy
Technology: Electronic Components and Precision
3. Hitachi (6501 JT) / NEC (6701 JT) / Fujitsu (6702 JT): Laggard Office Efficiency Plays
4. SPE-Plays Gain as TSMC Maintains 2020 Capex Plans
Chemicals / Materials
5. Nippon Shokubai (4114 JT) and Sanyo Chemical (4471 JT) Delay Merger 8
6. Fujimi (5384 JT) Hikes FY19 Guidance on Strong CMP Sales 8
7. Caprolactam Spreads Falling
Autos
8. Gradual Auto Production Resumption in Europe
9. Toyota-Mazda Alabama Plant Production Delayed
Auto Parts / Machinery
10. Yaskawa (6506 JT) Releases Upbeat Q1 FY20 Guidance; OSG (6136 JT) Eliminates Guidance
11. Yaskawa (6506 JT) Helps China Names
Telecom
12. SoftBank Group’s US$1.7bil Loss
Internet / eCommerce
13. Mercari (4385 JT) a Beneficiary of Covid-19?
14. Rakuten (4755 JT) Worth Revisiting
Enterprise Software
15. Sansan (4443 JT) Surges Following FY19 Q3 Results
16. Money Forward (3994 JT): Strong Sales FY20 Q1, Maintains Full-Year Guidance
17. RPA Holdings Provides Broad FY20 Guidance
Pharma 15
18. Shionogi (4507 JT) Identifies “Promising Lead Compounds†Against Covid-19
Miscellaneous
19. MonotaRO (3064 JT) March Sales +22.6% YoY
20. Kitanotatsujin (2930 JT): FY19 OP +57% YoY but Guides for FY20 OP -31% YoY
21. Toyo Seikan (5901 JT) Stock Hit Hard Despite FY19 OP Revision Up
22. Online Financial Trading Plays Beating Covid-19
23. Mizuho Bank (8411 JT) Raises Long-Term Prime Rate
24. Box Office Stats and Shochiku’s (9601 JT) Feb Results
Market / Strategy
25. Abe’s Video Nasty
26. Is Japan’s Covid-19 Situation Already Far Worse than Official Figures Suggest?
27. War with Covid-19: The Humans Fight- Back
Macro
28. China Macro Data Released This Week
29. Oil Price Falls to Just Above US$20/brl
PSA Company Visits, Tours & Interviews
• Interviewed / Conference Call with: Japan Display (6740 JT)
• Email Q&A with NTT Corp (9432 JT) subsidiary NTT-AT
• Yaskawa (6506 JT): Participated in the earnings conference call with president Ogasawara (last week was with IR)
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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