Pelham Smithers Associates Ltd - The PSA Japan Weekly Research Round-Up for the Week Ending 10 September 2021

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Pelham Smithers Associates Ltd

Alexander Boote ...

Joel Scheiman
Julie Boote
Lindsay Whipp
Pelham Smithers
Thao Nguyen
William Nestuk

The PSA Japan Weekly Research Round-Up for the Week Ending 10 September 2021

The Weekly Comment Summary
Pelham Smithers discusses what the LDP leadership election should be about, but isn’t

PSA Company Visits, Tours and Interviews
Visited: Fujifilm Holdings (4901 JT), Tokyo Ohka Kogyo (4186 JT)
Conference Calls with: Ohara Inc. (5218 JT)
Presentations at: Nitto Denko (6988 JT)

Reports / Flash Notes Summaries
1. Renesas (6723 JT): Starting a Dialog with Investors
2. Mitsui Mining & Smelting (5706 JT) – Negotiating the Fine Line Between Tech Stock and Commodities Play
3. Shift Inc (3697 JT): Reinventing Software Testing – One Man’s Trash is Another Man’s Treasure
Company / Sector / Thematic Comments
Technology: Consumer Electronics, Gaming
1. Sony’s (6758 JT) PS5 Showcase: Speculation and Reveal
2. Square Enix’s Forspoken Set for Spring 2022
3. Sony Acquires Firesprite, Canon Acquires Redlen
4. Nintendo (7974 JT) Switch Sales Slowing
5. Other Consumer Electronic / Gaming-Related Moves & News That Caught our Eye
Technology: Industrial Electronics / Components / Semis & SPE / Precision
6. 2Q Global SPE Shipments +48% YoY
7. Murata (6981 JT) Acquires Eta Wireless
8. Other Tech-Related Moves & News That Caught our Eye
Chemicals / Materials
9. Miraial (4238 JT) Surges on Strong Semiconductor Demand
10. Ohara’s (5218 JT) New Guidance Exceeds Consensus
Autos
11. Toyota Motor (7203 JT) Announces Further Output Cuts
12. Toyota Set to Launch Hydrogen-Powered Corolla, Prius
13. Toyota’s New Battery Plans
14. European Auto Sales Plunge on Parts and Chip Supply Shortage
Auto Parts / Machinery
15. Daikin’s (6367 JT) 8th Consecutive Listing High – ¥30,000 Ahoy?
16. Firm August Machine Tool Orders
17. Ferrotec (6980 JT) Hits Listing High for Fourth Straight Day
Internet / eCommerce
18. Mercari (4385 JT) US Launches a BNPL Service
19. PayPal to Acquire Japan’s BNPL Paidy
20. ZOZO (3092 JT) Falls as Doesn’t Make it into the Nikkei 225
Telecom
21. SoftBank Group (9984 JT) Shares Up on Deutsche Telecom Deal et al
Pharma
22. Japan Orders Vaccines from Novavax
23. Shionogi (4507 JT) Gains on Broker Upgrade and News of Capital Tie-Up
24. Slow Take-up of Aduhelm hits Biogen (BIIB US) and Eisai (4523 JT)
Miscellaneous
25. Other Moves & News That Caught Our Eye
Market / Strategy / Macro
26. Japan 2Q GDP Revised Up – Sort Of
27. Nikkei 225 Constituent Changes
28. Suga Succession

10/09/2021 24 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

Alexander Boote

Joel Scheiman

Julie Boote

Lindsay Whipp

Pelham Smithers

Thao Nguyen

William Nestuk

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The PSA Japan Weekly Research Round-Up for the Week Ending 10 September 2021

PSA Today 28 Apr: Sentiment uptick / FY24s for Hitachi, NEC / Socionext woes / TDK, Komatsu: weak FY25 guidance / Toyota Industries to be taken private? / JMDC preview / CUC FY25 guidance conservative – Nikkei 225 +0.38% | ¥$143.83

The PSA Research Round-Up for the Two-Week Period Covering 11~25 April 2025

PSA Broadline Retail: Treasure Factory (3093 JT): Inbound Sales Still Solid in Q1

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