reports
- Pierre FerraguÊ
Bible 3Q24 - Smartphones: Sluggish demand; 5G cycle resumes; iPhone mi...
Demand is sluggish, with the 2024 and 2025 outlooks implying slight unit growth after 2022 & 2023 down 13% & 4% respectively. With saturation and elongating replacement cycles, we see that as a best case. The December quarter iPhone guide missed consensus expectations, and we expect further downside. Replacement cycles are elongating, share gains in China have stalled, and recent datapoints support our view (Apple lowering iPhone 16 production plans). Semi revenues are back to secular growth, dr...
Murata HCR redéfinit les dispositifs de synchronisation automobile ave...
KYOTO, Japon--(BUSINESS WIRE)-- Murata Manufacturing Co., Ltd. (TOKYO : 6981) (ISIN : JP3914400001) dévoile un dispositif de synchronisation électronique de pointe offrant une précision exceptionnelle de ±40 ppm et une fiabilité même dans des conditions de température étendues de -40 °C à +125 °C. En répondant aux limites des composants de synchronisation actuels dans les systèmes électroniques automobiles, il améliore la conception et le déploiement des réseaux embarqués (IVN) de nouvelle génération, des communications sans fil et des fonctions des systèmes avancés d’aide à la conduite (ADAS)...
Murata HCR Redefines Automotive Timing Devices With the Total Frequenc...
KYOTO, Japan--(BUSINESS WIRE)-- Murata Manufacturing Co., Ltd. (TOKYO:6981) (ISIN:JP3914400001) unveils a cutting-edge electronic timing device featuring exceptional accuracy ±40ppm and reliability even in wide-temperature -40°C to +125°C conditions. By addressing the limitations of current timing components in automotive electronic systems, it enhances the design and deployment of next-generation In-Vehicle Networks (IVN), wireless communication, and Advanced Driver Assistance Systems (ADAS) functions. This press release features multimedia. View the full release here: Murata Manufacturing C...
Le SCH1633-D01 de Murata établit une nouvelle norme pour le capteur au...
KYOTO, Japon--(BUSINESS WIRE)-- Murata Manufacturing Co., Ltd. (TOKYO: 6981) (ISIN: JP3914400001) élargit sa gamme de dispositifs innovants Six Degrees-of-Freedom avec l’introduction du SCH1633-D01. Le capteur basé sur un système micro-électromécanique (MEMS) établit une nouvelle référence en matière de performance d’intégration de système et d’optimisation du coût total. Il est conçu pour diverses applications automobiles, y compris la conduite autonome, les systèmes d'aide à la conduite, la navigation inertielle, le contrôle de la stabilité du véhicule et l’alignement de la caméra ou des pha...
Murata SCH1633-D01 Sets a New Standard for Automotive 6DoF Sensor
KYOTO, Japan--(BUSINESS WIRE)-- Murata Manufacturing Co., Ltd. (TOKYO: 6981) (ISIN: JP3914400001) is expanding its range of innovative Six Degrees-of-Freedom devices with the introduction of the SCH1633-D01. The micro-electromechanical system (MEMS) based sensor moves the benchmark for performance, system integration, and total cost optimization. It is designed for various automotive applications, including autonomous driving (AD), advanced driver-assistance systems (ADAS), inertial navigation, vehicle stability control, and camera or headlight alignment. This press release features multimedi...
- Pierre FerraguÊ
- Pierre FerraguÊ
Le circuit imprimé extensible révolutionnaire de Murata améliore les d...
KYOTO, Japon--(BUSINESS WIRE)-- Murata Manufacturing Co., Ltd. (TOKYO : 6981) (ISIN : JP3914400001) révèle une nouvelle technologie innovante de circuit imprimé étirable (SPC) qui marque un développement significatif dans la technologie des circuits imprimés. Le SPC de Murata représente la prochaine avancée dans le développement des substrats, offrant à la fois la flexibilité et la capacité de s’étirer et de se déformer tout en conservant une fonctionnalité totale. Il est parfait pour créer des produits médicaux avancés, tels que des dispositifs thérapeutiques portables et des outils de survei...
Murata’s Revolutionary Stretchable Printed Circuit Elevates Wearable M...
KYOTO, Japan--(BUSINESS WIRE)-- Murata Manufacturing Co., Ltd. (TOKYO: 6981) (ISIN: JP3914400001) reveals an innovative new Stretchable Printed Circuit (SPC) technology marking a significant development in printed circuit technology. Murata's SPC represents the next advancement in substrate development, providing both flexibility and the capability to stretch and deform while maintaining full functionality. It is perfect for creating advanced medical products, like wearable therapeutic devices and vital monitoring tools, that can provide better accuracy, durability, and patient comfort than to...
- Pierre FerraguÊ
- Julia Pan Mengyao
- Ming San Soong
New Oriental Education & Technology Group Page 8 (EDU US): 1QFY25: In ...
EDU’s 1QFY25 top-line slightly missed expectations. Revenue grew 30% yoy to US$1,435m, slightly missing consensus estimate and previous guidance of 31-34% yoy. Non-GAAP net profit rose 40% yoy to US$265m, above our and consensus estimates, while net margin inched up 1ppt yoy to 18% for 1QFY25. EDU expects 2QFY25 revenue (excluding East Buy) to rise 25-28% yoy to US$851.4m-871.8m, 1-2ppt below expectations. Maintain BUY with a lower target price of US$85.00 (HK$66.00).
- Pelham Smithers
PSA Strategy: Japan Stock Market Quarterly 2024 Q4
When the BoJ raised rates in March, it had been 17 years since it had last done so, though the world was very different then. While the July rate hike was unlikely to move the economic needle, the question now is what else might follow the subsequent financial market maelstrom. Pelham Smithers discusses the outlook for Japan’s macro environment, what new fiscal policies the new PM might introduce, how the BoJ might react and the all-important trend in corporate earnings. This then leads us to...
6754 ANRITSU CORPORATION
7751 CANON INC.
4519 CHUGAI PHARMACEUTICAL CO. LTD.
4751 CYBERAGENT INC.
4755 RAKUTEN INC.
3107 DAIWABO HOLDINGS CO. LTD.
8473 SBI HOLDINGS INC.
6954 FANUC CORPORATION
4324 DENTSU GROUP INC.
6861 KEYENCE CORPORATION
4902 KONICA MINOLTA INC.
6988 NITTO DENKO CORP.
7752 RICOH COMPANY LTD.
6869 SYSMEX CORPORATION
3064 MONOTARO CO. LTD.
5801 FURUKAWA ELECTRIC CO. LTD.
5715 FURUKAWA CO. LTD.
7205 HINO MOTORS LTD.
6501 HITACHI LTD.
6305 HITACHI CONSTRUCTION MACHINERY CO. LTD.
7267 HONDA MOTOR CO. LTD.
7012 KAWASAKI HEAVY INDUSTRIES LTD.
9107 KAWASAKI KISEN KAISHA LTD.
6971 KYOCERA CORPORATION
8316 SUMITOMO MITSUI FINANCIAL GROUP INC.
6503 MITSUBISHI ELECTRIC CORP.
5632 MITSUBISHI STEEL MANUFACTURING CO. LTD.
5706 MITSUI MINING AND SMELTING COMPANY LIMITED
6966 MITSUI HIGH-TEC INC.
6902 DENSO CORPORATION
6701 NEC CORP.
6594 NIDEC CORPORATION
7201 NISSAN MOTOR CO. LTD.
4666 PARK24 CO. LTD.
6268 NABTESCO CORPORATION
2371 KAKAKU.COM INC.
9984 SOFTBANK GROUP CORP.
8136 SANRIO COMPANY LTD.
6758 SONY CORPORATION
5802 SUMITOMO ELECTRIC INDUSTRIES LTD.
6762 TDK CORPORATION
6976 TAIYO YUDEN CO. LTD.
6315 TOWA CORPORATION
7203 TOYOTA MOTOR CORP.
4208 UBE INDUSTRIES LTD.
8698 MONEX GROUP INC.
3774 INTERNET INITIATIVE JAPAN
3765 GUNGHO ONLINE ENTERTAINMENT INC.
2160 GNI GROUP LTD.
3659 NEXON CO. LTD.
3445 RS TECHNOLOGIES CO. LTD.
6269 MODEC INC
3769 GMO PAYMENT
68900 FERROTEC CORPORATION
9519 RENOVA
4385 MERCARI INC.
3993 PKSHA TECHNOLOGY INC.
3626 JT TIS INC
9434 SOFTBANK CORP.
TXG 10X GENOMICS INC CLASS A
TGIF 1933 INDUSTRIES
7071 AMVIS HOLDINGS
78320 BANDAI NAMCO
45870 PEPTIDREAM INC
4443 JT SANSAN (4443 JT)
3491 JT GA TECHNOLOGIES
3394 JT MONEY FOWARD
4480 MEDLEY
RRRP3 3R PETROLEUM OLEO E GAS
6532 JT BAYCURRENT CONSULTING (6532 JT)
3697 JT SHIFT INCORPORATED (3697 JT)
4483 JMDC
4180 JP APPIER GROUP
TSE: 2980 SRE HOLDINGS CORP
4194 VISIONAL INC
9552 M&A RESEARCH INSTITUTE
123F 123FAHRSCHULE SE
9616 JT KYORITSU MAINTENANCE (9616 JT)
9552 JT M&A RESEARCH INSTITUTE (9552 JT)
6544 JT JAPAN ELEVATOR SERVICES HOLDINGS (6544 JT)
6200 JT INSOURCE (6200 JT)
2154 JT OPEN UP GROUP (2154 JT)
Murata dévoile le plus petit condensateur céramique multicouches au mo...
KYOTO, Japon--(BUSINESS WIRE)-- Murata Manufacturing Co., Ltd. (TOKYO : 6981) (ISIN : JP3914400001) étoffe sa gamme de condensateurs céramiques multicouches (MLCC) avec un nouvel ajout révolutionnaire. Illustrant l’engagement permanent de Murata en faveur de la minimisation, la société a mis au point le premier MLCC de taille 006003 pouce (0,16 mm x 0,08 mm) au monde. Cet accomplissement représente un rapport de volume d'environ 75 % inférieur au plus petit produit existant (008004 pouce, 0,25 × 0,125 mm). Ce communiqué de presse contient des éléments multimédias. Voir le communiqué complet ic...
Murata Unveils the World’s Smallest Multilayer Ceramic Capacitor with ...
KYOTO, Japan--(BUSINESS WIRE)-- Murata Manufacturing Co., Ltd. (TOKYO: 6981) (ISIN: JP3914400001) has expanded its innovative range of multilayer ceramic capacitors (MLCCs) with yet another groundbreaking addition. Exemplifying Murata’s continual commitment for minimization, it has developed the world’s first 006003-inch size (0.16 mm x 0.08 mm) MLCC. This achievement represents a volume ratio approximately 75% lower than the existing smallest product, the 008004-inch size (0.25×0.125mm). This press release features multimedia. View the full release here: [Murata Manufacturing Co., Ltd.] Murat...
- Blair Levin
- Dan Salmon
NSR Tech Policy: Google and the Antitrust State of Play
Last week and this week there was and will be significant activity in two antitrust cases against Google. In this note, we provide an update of what happened, what will happen, various outcomes investors should be thinking about and other cases involving Google and Antitrust.
- Jonathan Chaplin
- William Nestuk
PSA Industrials / Capital Goods: Fujikura (5803 JT) Riding the AI Them...
Fujikura’s share price performance has been impressive, surging three-old YTD, boosted by AI-related data centre demand. Analyst William Nestuk reviews the FY24 Q1 performance, flags where there is upside but also notes capacity contraints.
- Pelham Smithers
- Julia Pan Mengyao
- Ming San Soong
NetEase (9999 HK): 2Q24: Marginal revenue and earnings miss; continuou...
NetEase’s 2Q24 results slightly missed consensus expectation. Revenue grew 6.1% yoy to Rmb25.5b, slightly below our and consensus forecasts. Net profit dropped 13.3% yoy to Rmb7.8b, slightly missing consensus estimate. We believe the unfolding return of Blizzard’s game portfolio will contribute to NetEase’s online games revenue growth but dampen gross margin in 2H24. Maintain BUY with an unchanged target price of HK$180.00 (US$115.00).
- Pierre FerraguÊ
Apple Intelligence beta: how is reception shaping up?
iPhone growth is flattening but expectations for 2025 sales now imply 6% growth, somewhat reflecting an AI refresh. In today’s work, we review the reception of key Apple Intelligence features released in iOS 18 beta, to determine whether it is legitimate at this stage to expect Apple Intelligence to foster replacement.
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