The PSA Research Round-Up for the Week to 28 Nov 2025

Weekly Comment Summary
Does Japan Have a Jobs Creation Problem?
One of the big improvements delivered by Abenomics was the ability of workers to find a job. According to Pelham Smithers, the latest employment data, though, suggests that this may not be the case for much longer.

PSA Weekly Contents at a Glance

Reports / Flash Notes Summaries
1. Automakers: No Reprieve in FY25 H2
2. Amvis Holdings (7071 JT) Dawn Is Near; after Q1
3. PSA IT Services – Unpopularity Unwarranted – Sector Report
Company / Sector / Thematic Comments
Technology: Consumer Electronics, Gaming
1. Global Console Sales in October See PS5 and Switch 2 Neck and Neck
2. Nintendo Dominates the Japan Weekly Charts as Switch 2 Game Sales Ramp Up
3. Other News & Moves That Caught Our Eye
Technology: Industrial Electronics / Components / Semis & SPE / Precision
4. Spot DRAM Prices Slide
5. Readthrough for Japanese Stocks from Alphabet’s AI Resurgence
6. Murata to the Fore as Electronic Component Names Rally
7. Other News & Moves That Caught Our Eye
Chemicals / Materials
8. Konica Minolta’s perovskite solar cell film ambitions
9. Other News & Moves That Caught Our Eye
Autos / New Mobility
10. Are Mitsubishi Motors’ ASEAN Sales Recovering?
11. Japan Auto Sales in China under Threat Due to Political Tensions
12. Mixed Global Auto Production Results for Japanese Automakers
13. Other News & Moves That Caught Our Eye
Capital Goods / Machinery / Auto Parts
14. Cable Makers Still Outperforming
15. Daikin Data Centres: Modest Outlook
16. Q4 Automation: Robotics Strength
Internet / eCommerce
17. Giftee Gets Re-evaluated
18. Other News & Moves That Caught Our Eye
Enterprise Software / IT Services
19. Money Forward Acquires a Board Meetings and Internal Controls SaaS Start-up
20. DeCurret Swift to Collaborate with Japan Post Bank
Pharma / Healthcare
21. Other News & Moves That Caught Our Eye
Small- / Mid-Cap Insights
22. Intermestic Revises Up
23. Koshidaka October KPIs
Macro / Market / Strategy / Misc.
24. Economic Data Points in the Run-up to BoJ Meeting on 19 December
25. Which Might Be the December Year- End Stocks for 2025?
26. Economics Data for October Better than Feared
27. Other News & Moves That Caught Our Eye
List of Recently Published PSA Notes & Reports
Important Disclosure Statement from Pelham Smithers Associates Limited



PSA in the Press
Julie Boote
How the Nexperia chip crisis upended auto supply chains – again, Reuters (24 Nov 2025)
/business/autos-transportation/how-nexperia-chip-crisis-upended-auto-supply-chains-again-2025-11-24/
Nissan’s Dire Financial State Rekindles Interest in Old Flames, Bloomberg (24 Nov 2025)
/news/newsletters/2025-11-24/nissan-s-dire-financial-state-rekindles-interest-in-old-flames
Renault Trafic E-Tech Electric Van — 800 Volt Platform & Much More, Clean Technica (24 Nov 2025)
Renault Trafic E-Tech Electric Van - 800 Volt Platform & Much More - CleanTechnica
Pelham Smithers
EA Buyout Tests the Limits of the Video Gaming Stock Boom, Bloomberg (24 Nov 2025)
/private-equity/ea-buyout-tests-the-limits-of-the-video-gaming-stock-boom

PSA Company Visits, Tours and Interviews
• Visited: Fujita Kanko (9722 JT), Hitomile (7686 JT), Mitsui Chemicals (4183 JT)
• 1-1 Call with: Koshidaka Holdings (2157 JT)
• Conference Calls with: DMG Mori (6141 JT)
• Presentations at: Moriya Transportation Engine & Mfg (6226 JT), Adeka (4401 JT), Konica Minolta (4902 JT), TDK (6762 JT), Mitsui Chemicals (4183 JT), Daikin (6367 JT)