- Julie Boote
- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
- William Nestuk
The PSA Weekly Research Round up for the week ending 27 October 2023
Weekly Comment SummaryFresh from Komatsu’s FY23 Q2 earnings call, analyst William Nestuk updates us on the outlook for mining equipment and construction machinery.
PSA Company Visits, Tours and Interviews
• Conference Call with: Money Forward (3994 JT)
• Presentations at: Shin-Etsu Chemical (4063 JT), Nitto Denko (6988 JT), Zeon Corp (4205 JT), Tokuyama Corp (4043 JT), Komatsu (6301 JT), Hitachi Construction Machinery (6305 JT)
PSA Weekly Contents at a Glance
Reports / Flash Notes Summaries
1. Shift Inc (3697 JT) – Measuring Up for Success
Company / Sector / Thematic Comments
Technology: Consumer Electronics, Gaming
1. Gaming Industry Growth
2. Spider-man 2 Sells 2.5mil Copies in 24hrs
3. Capcom (9697 JT) FY23 Q2 OP Falls Short
4. Other Consumer Elec / Gaming News & Moves That Caught Our Eye
Technology: Industrial Electronics / Components / Semis & SPE / Precision
5. DRAM Prices Slipping as NAND Continues Higher
6. Nidec (6594 JT) Produces Subdued FY23 Q2 Results
7. Koa (6999 JT) FY23 Q2 OP -80% YoY
8. Renesas (6723 JT) Q3 AOI -7% YoY
9. Shinko (6967 JT) 2Q OP -69% YoY, Ibiden (4062 JT)-32% YoY
10. Canon (7751 JT) FY23 Q3 OP +1% YoY
11. Hitachi (6501 JT) FY23 Q2 OP +13% YoY
12. Other Tech-Related News & Moves That Caught Our Eye
Chemicals / Materials
13. Nitto Denko (6988 JT) FY23 H1 OP Declines -30% YoY
14. Shin-Etsu Chemical (4063 JT) FY23 1H OP -23% YoY
15. Tokuyama (4043 JT) FY23 1H OP +3.4% YoY
16. Other Chemical / Material-Related News & Moves That Caught Our Eye
Autos
17. Mitsubishi Motors (7211 JT) to Invest in Ampere
18. Hino (7205 JT) Substantially Lowers FY23 Guidance Numbers
19. Honda (7267 JT) & GM’s Affordable EV Collaboration Plans Dropped
20. Other Auto-Related News & Moves That Caught Our Eye
Auto Parts / Machinery
21. HCM (6305 JT) FY23 Q2 Earnings Preview / Results
22. Komatsu (6301 JT) FY23 Q2 Earnings Preview / Results
23. KHI (Announced ¥58bil One-Off Charge for PW1100 Engine Defect
Internet / eCommerce
24. CyberAgent (4751 JT) FY23 Preview
25. Other Internet / eCommerce News & Moves That Caught Our Eye
Enterprise Software / IT Services
26. Enechange’s (4169 JT) New Services
27. Cybozu’s (4776 JT) Monthly Sales Continue Their Mediocre Growth
28. OBC (4733 JT) Raises FY23 Forecasts on Strong Demand
29. NRI (4307 JT) Shares Rise as it Raises FY23 Forecasts, Hikes Dividend
Pharma
30. Updates on AD Treatment BIIB-080: Readacross to Eisai (4523 JT)
31. Other Pharma News & Moves That Caught Our Eye
Miscellaneous / Market / Strategy / Macro
32. Will this Earnings Season be as Strong as Expected?
33. Japan PMI Data Comes into the Limelight
34. JGB Yield Curve Flattening
35. Tokyo Oct CPI: High Street Inflation Remains Bad, but No Worse than Before
36. Shimano (7309 JT) FY23 Q3 OP -60% YoY
37. Other News & Moves That Caught Our Eye
List of PSA Published Reports Since July 2023
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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