- Julie Boote
- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
- William Nestuk
PSA Japan Research Round-Up for the week to August 14, 2020
Weekly Comment SummaryA fascinating contemplation of where we are with AI from Pelham Smithers, with three key takeaways and flagging four Japanese companies that are likely to benefit.
Reports / Flash Notes Summaries
1. Lasertec (6920 JT) Update and Outlook
2. Daifuku (6383 JT) FY20 Q1 and Outlook: Growth Performance Over Margins
Company / Sector / Thematic Comments
Technology: Consumer Electronics, Gaming
1. Apple (AAPL US) Loses Two Patent Cases
2. AT&T (T US) Looking to Sony (6758 JT) to be Buyer for Crunchyroll
3. Might Pokémon Go Return to China?
4. Video Game Moves That Caught Our Eye: Square Enix (9684 JT) / Nexon (3659 JT)
Technology: Semiconductor Production Equipment
5. Ulvac (6728 JT) FY20 4Q OP +45% YoY
Technology: Precision
6. Fujifilm’s (4901 JT) Resilience Within the Precisions
Chemicals / Materials
7. Nissan Chemical (4021 JT): FY20 Q1 Exceeds Targets
8. Showa Denko (4004 JT) Guides for a ¥90bil Net Loss
9. Chemical / Electronic Materials Results at a Glance
Autos
10. Toyota (7203 JT) and Mazda (7261 JT) Up Investment in US Plant: Read Across to Daifuku (6383 JT)
11. Bridgestone (5108 JT) Includes Impact of Second Wave of Covid-19 in Forecast
Auto Parts / Machinery
12. IHI (7013 JT) Aero-Engine Losses Smaller than Expected
13. Nabtesco (6268 JT) Expects Firm Q3 Robot Gears
14. Mabuchi Motor (6592 JT) Provides Positive Q3 Auto Guidance
Telecom
15. SoftBank Group (9984 JT) FY20 1Q Pretax -51% YoY
16. Hikari Tsushin (9435 JT); FY20 1Q Better Than Feared
Internet / eCommerce
17. Rakuten’s (4755 JT) FY20 Q2 Beats
18. Trend Micro’s (4704 JT) FY20 Q2 Beat
19. Istyle (3660 JT): FY20 Exceeds Guidance
20. BASE Inc (4477 JT) Revises Up
21. GMO Internet (9449 JT) FY20 2Q OP +37%
Enterprise Software
22. Freee (4478 JT) Beats FY20 Sales Guidance; Provides Conservative FY21 Forecast
23. NTT Data (9613 JT) FY20 Q1: Beats on Sales, Misses on OP
24. Cybozu Inc (4776 JT) Confirms FY20 Q2 Results
25. PKSHA (3993 JT): Eyes Extraordinary Net Gain for FY20 but OP Burdened by High Investment Costs
Pharma
26. Eisai (4523 JT): Aducanumab Gets US FDA Priority Review
27. Eisai (4523 JT) and Daiichi Sankyo (4568 JT) Higher
Macro / Market
28. Tertiary Industry Activity +7.9% MoM in June
PSA Company Visits, Tours and Interviews
• Interviewed / Conference Call with: TIS Inc (3626 JT)
• Watched earnings webcast of: Rakuten (4755 JT)
• Participated in earnings call with: Fujifilm Holdings (4901 JT), Showa Denko (4004 JT), Nissan Chemical (4021 JT), Mitsui Chemicals (4183 JT), Kuraray (3405 JT), Kaneka (4118 JT), Iwatani Corp (8088 JT), Nabtesco (6268 JT), IHI (7013 JT), Mabuchi Motor (6592 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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.