In today’s briefing:
- SONY (6758) | Regulators – Duty Calls
- JPX-Nikkei 400 Rebal 2023: End-Nov 2022
- J Front Gets into Gaming to Drive Young Customers to Buildings
- Is TSE Being Too Strict with the Honor Students and Too Lenient with the Underdogs?
SONY (6758) | Regulators – Duty Calls
- The next six months will be critical for the future of the global gaming industry as Regulators carry out further investigations into the Microsoft acquisition of Activision
- This is particularly important for SONY, where games account for around one third of consolidated revenue and profits
- This is a battle for the future of subscription services and cloud streaming – Call of Duty yields unprecedented power over the industry. Regulators need to do their Duty.
JPX-Nikkei 400 Rebal 2023: End-Nov 2022
- JPX-Nikkei 400 is composed of common stocks listed on the Tokyo Stock Exchange. It is a free-float-adjusted market-value-weighted (capped) index composed of 400 constituents.
- A periodic review is conducted by the Index providers, the JPX Group and Nikkei Inc, in August every year. We look at the potential forward inclusions and removals every month.
- Below is a look at potential Inclusions and Removals for the JPX-Nikkei 400 Rebalance to come in August 2023 based on trading data as of end-November 2022.
J Front Gets into Gaming to Drive Young Customers to Buildings
- J Front has acquired a stake in an e-sports management business and will use this to target younger people, drawing them into its buildings through themed events.
- Event marketing has become a key weapon for department stores and shopping buildings and should help bring in more young people.
- J Front is also using technology to bring in more HNWIs – where the real profits lie.
Is TSE Being Too Strict with the Honor Students and Too Lenient with the Underdogs?
- There are 236 companies with a trading unit of more than 500,000 yen, while there are 967 companies with a trading unit of less than 50,000 yen on the TSE.
- It’s fair to amend the law to abolish the share unit system, but changing the law takes time. It’s also unclear why “between 50,000 yen and 500,000 yen” is appropriate.
- While TSE still allows 300 companies that don’t meet the listing criteria to be listed on prime market, TSE requires companies with higher stock prices to increase their administrative burden.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
