- Julie Boote
- Lindsay Whipp
- Pelham Smithers
- William Nestuk
The PSA Japan Weekly Research Round-Up for the week ending 16 April 2021
Weekly Comment SummaryWhether Square Enix succumbs to a reported buy-out proposal will depend on Enix founder Yasuhiro Fukushima, given his 25% holding. Pelham Smithers can think of several considerations concerning the state of Japan’s gaming industry which might make him amenable.
Reports / Flash Notes Summaries
1. Toyota Motor's (7203 JT) Hydrogen Bet: Excellent Outlook for Fuel Cell Technologies
2. Yaskawa Electric (6506 JT): FY20 Results and Outlook – Stellar Earnings Growth Needed to Justify Valuations
Company / Sector / Thematic Comments
Technology: Consumer Electronics, Gaming
1. Nintendo (7974 JT) Warns on Switch Supply
2. Panasonic Claims Advantage in Making 4680 Batteries
3. Godzilla vs Kong Gets Bottoms Back on US Cinema Seats – Read Across to Sony (6758 JT)
4. Are We Overdue Consolidation in the Japanese Gaming Industry?
Technology: Industrial Electronics / Electronic Components / SPE and Semiconductors
5. Toshiba’s (6502 JT) Barbarians at the Gate
6. NAND Prices Rallying
7. Restar (3156 JT) Bids for Paltek (7857 JT)
8. Might Jeol (6951 JT) be the Next Lasertec (6920 JT)?
Technology: Bitcoin / Cryptocurrency and Blockchain
9. Coinbase (COIN US) Listing Boosts Bitcoin
Chemicals / Materials
10. Teijin (3401 JT) Works to Overcome its Patent Cliff
11. Supply Chain Tensions with China Could Intensify
12. AGC (5201 JT) Revises Up
Pharma
13. Fujifilm Continues to Emphasize Healthcare
14. Santen Pharma (4536 JT): DE-128 Approval Delayed
Autos
15. Mazda (7261 JT) to Launch EVs in the US
Auto Parts / Machinery
16. Yaskawa (6506 JT) Sold Off on FY20 / FY21 Disappointment
17. March Machine Tool Orders +21% MoM / +65% YoY
18. Surprise: Diamond Electric (6699 JT) to Hold Earnings Call on June 7
Internet / eCommerce
19. Dismal Outlook at Locondo (3558 JT) Sends ZOZO (3092 JT) Lower
Enterprise Software
20. Heroz’ (4382 JT) Top Line Suffers Under Covid; PKSHA (3993 JT) Compared
21. Money Forward’s (3994 JT) FY21 Q1 Beat Consensus Estimates
22. Sansan (4443 JT) FY20 Q3: Solid Results Despite OP Miss
23. BayCurrent (6532 JT) Promises 40% Total Shareholder Returns
24. RPA Holdings’ (6572 JT) FY20 Results Show Improvement but Lags Growth of Small-Cap Peers
25. Rozetta’s (6182 JT) Outlook for FY21 Looking Rosie
Miscellaneous
26. Other Moves & News That Caught Our Eye
Market / Macro
27. Punchy China Data / Commodities Higher
PSA Company Visits, Tours and Interviews
• Visited / Interviewed / Conference Calls with: Email Q&A with Money Forward (3994 JT), Sansan (4443 JT)
• Contacted: Toray (3402), Diamond Electric (6699 JT), Yaskawa Electric (6506 JT)
• Attended Presentation by: Fujifilm Holdings (4901 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.
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