Pelham Smithers Associates Ltd - The PSA Japan Weekly Research Round-Up for the Week Ending 15 October 2021

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Pelham Smithers Associates Ltd

Joel Scheiman ...

Julie Boote
Lindsay Whipp
Pelham Smithers
Thao Nguyen
William Nestuk

The PSA Japan Weekly Research Round-Up for the Week Ending 15 October 2021

The Weekly Comment Summary
Next week sees the start of September quarter earnings season in Japan. Are we set for another record-breaking quarter for Japanese earnings, asks Pelham Smithers.

Reports / Flash Notes Summaries
1. Can Automakers Maintain Their FY21 Guidance Numbers?
2. Sansan Inc (4443 JT) Still Cautious Due to Covid
Are We Set for Another Record-Breaking Quarter for Japanese Earnings?
Company / Sector / Thematic Comments
Technology: Consumer Electronics, Gaming
1. Sony (6758 JT) / TSMC (2330 TT) Linked to New US$7bil Fab in Japan
2. Sony’s Venom 2 Holds Up Despite James Bond Release
3. Nintendo (7974 JT) OLED Switch Sales Lacklustre
Technology: Industrial Electronics / Components / Semis & SPE / Precision
4. Readacross to Semiconductor Plays from Apple’s Cut to Production Plans
5. TSMC (2330 TT) Confirms Japan IC Fab as 22nm/28nm
6. Might Renesas (6723 JT) Start Paying a Dividend Again?
7. Nidec (6594 JT) Supplies e-Axle to New Brand Zeekr
Chemicals / Materials
8. Fallout from the Fourth (?) Oil Shock
9. Shin-Etsu Chemical (4063 JT) a Beneficiary of Rising Soda Prices
Autos
10. US Auto Financial Services Continue to Perform Well
11. Nissan (7201 JT) Presents Intelligent Factory
12. Suzuki (7269 JT) Makes Progress in Europe
13. Toyota Motor (7203 JT): Strong US$ Could Add ¥85bil to Q3 OP / Production Levels
14. Toyota’s Production Plans Change – Again
15. Honda (7267 JT) Announces China EV Plans
Auto Parts / Machinery
16. Yaskawa (6506 JT) OP Outlook Good, but FY22 Top-Line Growth a Concern
Internet / eCommerce
17. VisasQ (4490 JT) Loses Money in 2Q
18. Disappointing Results for Demae-can (3484 JT)
Enterprise Software
19. Sansan (4443 JT) Shares Surge Following Earnings
20. Shift Inc (3697 JT) Has Strong FY21 Q4, but Market Ignores the Underwhelming Outlook
21. Money Forward’s (3994 JT) FY21 Q3 Results Suggest FY Guidance Beat is Possible
Miscellaneous
22. Other New & Moves that Caught Our Eye

15/10/2021 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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The PSA Japan Weekly Research Round-Up for the Week Ending 15 October 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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