The PSA Weekly Research Round up for the week ending 14 July 2023

Weekly Comment Summary
Yaskawa’s recent quarterly results lead PSA’s machinery analyst William Nestuk to consider the extent of an emerging recovery in demand from China.

Recording of our Fireside Chat with ExaWizards on Japan and AI – What’s it Got to Offer
PSA’s Lindsay Whipp hosted a fireside chat with ExaWizards Executive Officer Koichi Kawai to help us understand how AI is being used in Japan, and to hear it straight from the horse’s mouth – from a company that dedicates 100% of its time to the technology – the size of the market, the competition and future opportunities.

With so much discussion around AI centres on the US and China, ERP Software and IT Services analyst Lindsay delved into what is happening in Japan, given the country has some of the most challenging demographics and restrictive immigration policies in the world. Kawai-san noted that technology is really the only solution left for businesses to grow as access to labour shrinks. The question then is whether businesses in Japan are prepared for the role that AI will have to play, and whether AI ready for Japan’s needs. To hear the discussion, please contact our sales team.

Other PSA Company Visits, Tours and Interviews
• Visited: Itochu Techno-Solutions (4739 JT), TIS Inc (3626 JT), Appier (4180 JT), IIJ (3774 JT), PKSHA (3993 JT), en-Japan (4849 JT), Freee KK (4478 JT), SRE Holdings (2980 JT), Toyokumo (4058 JT), NTT Data (9613 JT), Net One Systems (7518 JT), ExaWizards (4259 JT), Visional Inc (4194 JT), Shift Inc (3697 JT)
• Presentations at: Mitsui Chemicals (4183 JT)

PSA Weekly Contents at a Glance
Reports / Flash Notes Summaries
1. Net Protections (7383 JT) Review
Recording of our Fireside Chat with ExaWizards on Japan and AI – What’s it Got to Offer

Company / Sector / Thematic Comments
Technology: Consumer Electronics, Gaming
1. Global Mobile Game Sales Continue Slow Recovery
2. Microsoft / Activision Deal Back On
3. Other Consumer Elec / Gaming News & Moves That Caught Our Eye
Technology: Industrial Electronics / Components / Semis & SPE / Precision
4. May Global Chip Shipments -23% YoY
5. DRAM Prices Rise (At Last)
6. May Capacitor Production Volumes Fall -24% YoY / Value -16% YoY
7. Rohm (6963 JT) Plans to Expand SiC Device Production
8. Other Tech-Related News & Moves That Caught Our Eye
Chemicals / Materials
9. Ryobi (5851 JT) and the Growing Giga Press Market
10. Other Chemical / Material-Related News & Moves That Caught Our Eye
Autos
11. Mitsubishi Motors (7211 JT) Prepares for Key Model Launch in ASEAN
12. Toyota’s (7203 JT) Hydrogen Push
13. Renault-Geely Deal Could Vindicate Toyota (7203 JT)
14. Other Auto-Related News & Moves That Caught Our Eye
Auto Parts / Machinery
15. Media Reports of Weak Orders at Yaskawa (6506 JT)
Internet / eCommerce
16. Demae-can (2484 JT) Keeps FY23 Guidance Unchanged
17. Other Internet / eCommerce News & Moves That Caught Our Eye
Enterprise Software / IT Services
18. Shift (3697 JT) FY23 Q3 Preview / Results
19. Money Forward (3994 JT) FY23 Q2 Preview
20. Sansan (4443 JT) Q4 and Full-Year Results: Solid Sales but Spending Up
Telecom
21. Telecom News & Moves That Caught Our Eye
Pharma
22. Pharma News & Moves That Caught Our Eye
Miscellaneous / Market / Strategy / Macro
23. Taiwan’s Worrying Export Trend
24. Japan’s June PPI Slips
25. Machinery Orders Slow, but Level Still Higher than Japan Can Handle
26. US June CPI Lower Than Expected
27. Release of Studio Ghibli’s New Film, How Do You Live, Sends Toho (9602 JT) Shares Higher
28. Other News & Moves That Caught Our Eye