- Julie Boote
- Lindsay Whipp
- Pelham Smithers
- William Nestuk
The PSA Japan Weekly Research Round-Up for the week ending 21 May 2021
Weekly Comment SummaryPelham Smithers warns that this results season has created a myth around disappointment which, as he argues here, deserves to be debunked.
Reports / Flash Notes Summaries
1. Nomura Research Institute (4307 JT): Benefiting from Both Sides of the Covid Coin
Company / Sector / Thematic Comments
Technology: Consumer Electronics, Gaming
1. Apple (AAPL US) Pushes for 5G Handset Discounts
2. Sony (6758 JT) vs Discovery (DISCA US)
3. Alternatives to Bitcoin for Nexon (3659 JT)
4. Video Game Revival
5. Is Japan’s Casino Push Dead in the Water?
Technology: Industrial Electronics and Electronic Components / SPE / Semis
6. Murata (981 JT) vs Taiyo Yuden (6976 JT): What Now?
7. Murata’s Move to Energy Saving / Energy Harvesting IoT
8. Panasonic (6572 JT) / Toyota (7203 JT) Battery JV
9. Shareholder Returns at Toshiba (6502 JT)
10. Toppan Printing (7911 JT) Has a Good Week
11. Japanese April SPE Billings +35% YoY
Chemicals / Materials
12. Single-Digit OP Growth Forecast at Nissan Chemical (4021 JT)
13. Ube’s (4208 JT) Strategy Dominated by Environmental Issues
14. Fujimi (5384 JT) is Sounding Confident
15. ValueAct Ups its Holding in JSR
Autos
16. Toyota (7203 JT) Continues to Excel in Europe
17. Honda (7267 JT) Predicts Flat Profits
18. China Fortifies its Position as Core Market among Japanese Automakers
19. Battle over Electric Pickup Truck Market Set to Begin
Auto Parts / Machinery
20. Diamond Electric (6699 JT) Delays Restructuring
21. April Machine Tool Orders +2.2x YoY; -3% MoM
22. SMC’s (6273 JT) New President: Impressive
Enterprise Software
23. Medley (4480 JT): FY21 Q1 Results Bode Well for a Full-Year Beat
24. Enechange (4169 JT) FY21 Q1 Gets Boost from Winter Electricity Price Spike
25. Money Forward (3993 JT) and Amex (AXP US) Forge Business Partnership
Market / Strategy / Macro
26. Macro Data Out This Week
PSA Company Visits, Tours and Interviews
• Conference Calls with: Medley Inc (4480 JT), Diamond Electric (6699 JT)
• Presentations at: Ube Industries (4208 JT), Sumitomo Bakelite (4203 JT), Fujimi (5384 JT), Nippon Sanso (4091 JT), Sanyo Chemical (4471), SMC (6273 JT), Toyoda Gosei (7282 JT)
• Small Meeting with: Sumitomo Chemical (4005 JT), JBEC (unlisted)
• Link to Recording on our Fireside Chat on Fintech in Japan: Guest Speaker Toshio Taki, Co-Founder of Money Forward (3993 JT), Head of Sustainability, Public Affairs and Head of the Money Forward Fintech Institute. Catch-up at:
/rec/share/RGCWPOdL6L68yfXMWLtq3lqQl6JLgVQ1njeG8kIh6BqSMZjBT4LqWwCwdqxkl5Rm.xQKOO8Nn8xAo27xv Passcode: z9JpsW=P
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.