- Julie Boote
- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
- William Nestuk
The PSA Japan Weekly Research Round-Up for the week to 17 Feb 2023
Weekly Comment SummaryFirm markets on US economy and inflation improvements are supportive of PSA’s case for Komatsu and Daikin, explains William Nestuk.
Reports / Flash Notes Summaries
1. Sony: Now What?
Renault and Nissan presented the new organisational and capital structure of their alliance at a press conference on 6 Feb. Analyst Julie Boote discusses the changes and the implications for Nissan.
PSA Company Visits, Tours and Interviews
Visited: TDK (6762 JT)
Conference call with: Shimano (7309 JT), SMC (6273 JT), Nabtesco (6268 JT)
Email Q&A with: ExaWizards (4259 JT)
Earnings Presentations from: Rakuten (4755 JT), Tokyo Ohka Kogyo (4186 JT), Resonac (4004 JT), Nissha (7915 JT)
PSA Weekly Contents at a Glance
Reports / Flash Notes Summaries
1. Sony: Now What?
Company / Sector / Thematic Comments
Technology: Consumer Electronics, Gaming
1. PS5 Sales Continue to Grow in Japan
2. US Video Game Sales in January -5% YoY
3. December Camera Shipments -5% YoY in Unit Terms, +37% in Value Terms
4. Other Consumer Elec / Gaming News & Moves That Caught Our Eye
Technology: Industrial Electronics / Components / Semis & SPE / Precision
5. Other Tech-Related News & Moves That Caught Our Eye
Chemicals / Materials
6. Tokyo Ohka’s FY23 Guidance Well- Received
7. Nissha Guides for a Disappointing FY23
8. Mitsubishi Chemical Wins Gilenya Arbitration
9. TDK anticipates growing automotive sales
10. Other Chemical / Material-Related News & Moves That Caught Our Eye
Autos
11. Toyota’s New CEO Koji Sato Announces Personnel Changes
12. Yamaha Motor’s Guidance Numbers Disappoint
13. Risk of Poor FY23 Guidance Numbers from the Auto Sector
14. Other Auto-Related News & Moves That Caught Our Eye
Auto Parts / Machinery
15. Komatsu Shares Hit 8-Month High
16. Komatsu Renews an 8-Month High
17. Ferrotec Q3 Solid, but OPM Fading
18. SMC -2.7% after FY22 OP Guidance Unchanged
19. Nabtesco Facing More Competition
20. Other Auto Part / Machinery News & Moves That Caught Our Eye
Internet / eCommerce
21. Rakuten Posts Biggest Losses Ever for FY22
22. Net Protections not Revising Up
23. Trend Micro’s FY22 Earnings and FY23 Guidance Miss
24. Recruit Has Lost Over 12% Since Earnings Release
25. Other Internet / eCommerce News & Moves That Caught Our Eye
Enterprise Software / IT Services
26. Enechange FY22 Sales Beat Company Forecasts
27. ExaWizards Revises Down FY22 Forecasts
28. Freee Avoids Sell-Off Following Solid KPIs in FY23
29. Cybozu Breaks Out Sales by Product
Miscellaneous / Market / Strategy / Macro
30. Expectations for Japan’s Q4 GDP
31. Japan 2022 Q4 GDP: Right Direction, but Not as Strong as Hoped
32. Japan Trade Deficit Hits Record as Export Growth Dries Up
33. Shimano FY22 Q4 (Dec) OP +3% YoY
34. Shimano: Management Explains Why Forecasts So Weak
35. Other News & Moves That Caught Our Eye
List of PSA Published Reports Since October 2022
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.