QUICK Corp.

Equity Bottom-Up

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<p style="text-align: left;"><strong>High level of OP to be maintained in the middle of the 'Switch' life-cycle due to digitization</strong></p>
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<p style="text-align: left;">Replacement cycles of the past generations of NINTENDO's game consoles have been typically of five to seven years, but QUICK Corporate Valuation Research Center expects 'Switch' to have a longer life-cycle. With digitization too working as a tailwind, consolidated OP is expected to remain at a high level through FY3/24, which also happens to be the midpoint of the 'Switch' life-cycle. We forecast a…</p>

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<p style="text-align: left;"><strong>A virtuous cycle in which the light user class, which is being developed by 'Atsu Mori', will purchase the next software<br></strong>The 'Wii', which had been very popular since its launch, peaked in its third FY3/09 and then declined sharply, since then there was a sense of caution in the stock market that the 'Switch' might also reach to its peak in the 1H of its actual third FY. At the beginning of this fiscal year, the company also planned to sell 19mn units of 'Switch' hardware this fiscal year, and…</p>
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Granite Bay Capital

<h2>Headline Developments</h2>
<p><strong><a href="https://www.blackberry.com/us/en" target="_blank" rel="noopener">BlackBerry</a> (BB)</strong> will partner with <strong><a href="https://aws.amazon.com/" target="_blank" rel="noopener">A</a>mazon’s (AMZN)</strong> AWS to develop and market its<a href="https://blackberry.qnx.com/en/aws" target="_blank" rel="noopener"> vehicle data integration and monitoring platform, IVY</a>. In recent years BlackBerry has transformed itself into a provider of business security and information integration services. Around 175m vehicles are using BB’s QNX service, which was launched 5 years ago. The newest iteration, IVY allows automakers to read vehicle sensor data coming off of equipment from multiple vendors and provide data…</p>

Selected Reads

Smartkarma

<p><em>On this episode, we feature a conversation from earlier this year, with Mio Kato, CFA running through his view on Nintendo Co Ltd (7974 JP), as illustrated in Insights such as Nintendo – Pay Attention to NVIDIA and DLSS as Well as Switch Momentum and Pokemon and Nintendo – Deftly Animal Crossing Over the COVID Trap. With the Japanese games stalwart marking quarter after blockbuster quarter this year, it’s a good time to go back and hear just why Mio has been so bullish on it. Mio Kato has over</em>…</p>

<p>Another big week in innovation! Earnings releases indicated a lot of people swiping right on Tinder between sessions on Nintendo's Switch. Other big winners were Square, Mercado Libre (LatAm's Amazon) and Qualcomm. In other news, world-leading retail innovator Ocado Group went on a robotics M&amp;A spree, Honeywell launched their new quantum computer and Ant Group's IPO got suspended by Chinese regulators.</p>
<h2>Headline Developments</h2>
<p>Nintendo (7974.JP) profit’s jumped a whopping 200% to $2.8 billion for…</p>

Japan

Nintendo Co., Ltd. globally develops, manufactures and sells home-use video game hardware and software in home entertainment business.  The company also produces home-game products including cards.

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