Pelham Smithers Associates Ltd - PSA Today 9 July: Traders active / China PPI exported deflation/ LDP suffers in the polls / Global semi shipments at record level in May / Delays in Japanese automakers US EV plans / Treasure Factory solid Q1 – Nikkei 225 +0.33% | ¥$147

Report

Pelham Smithers Associates Ltd

Hiroyuki Terada ...

Julie Boote
Pelham Smithers

PSA Today 9 July: Traders active / China PPI & exported deflation/ LDP suffers in the polls / Global semi shipments at record level in May / Delays in Japanese automakers' US EV plans / Treasure Factory solid Q1 – Nikkei 225 +0.33% | ¥$147

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote and Hiroyuki Terada
Tags: GMO Internet (4784 JT), Casio (6952 JT), Nikon (7731 JT), Kioxia (285A JT), Sumco (3436 JT), Disco (6146 JT), Shin-Etsu Chemical (4063 JT), Nintendo (7974 JT), Capcom (9697 JT), Square Enix (9684 JT), JCR Pharmaceuticals (4552 JT), Alexion (ALXN US), Sumitomo Pharma (4506 JT), JMDC (4483 JT), Omron (6645 JT), SBI Holdings (8473 JT), SBI iShares India Equity Index Fund (89311239 JT), Ripple Labs (pvt), Fujitsu (6702 JT), PAL Group (2726 JT), Nissan Motor (7201 JT), Samsung Electronics (05930 KS), SK Hynix (000660 KS), Micron (MU US), Nanya Technology (2408 TT), Winbond Electronics (2344 TT), Renesas (6723 JT), Toyota Motor (7203 JT), Wolfspeed (WOLF US), SanDisk (SNDK US), Apple (AAPL US), Honda Motor (7267 JT), Subaru (7270 JT), Mazda Motor (7261 JT), General Motors (GM US), Ford Motor (F US), Treasure Factory (3093 JT)
Main Points
 Nikkei 225, Topix gain as day traders take over
 China PPI data suggests deepening export deflation
 LDP does poorly in weekend opinion polls
 May global semiconductor shipments +20% YoY to record US$59.0bil
 Japanese automakers delay their EV projects in the US
 Treasure Factory: FY25 Q1 OP +10.9% YoY, no change to full-year guidance

09/07/2025 1 EN

Provider

Pelham Smithers Associates Ltd

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.

See profile

Analysts

Hiroyuki Terada

Julie Boote

Pelham Smithers

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PSA Today 9 July: Traders active / China PPI & exported deflation/ LDP suffers in the polls / Global semi shipments at record level in May / Delays in Japanese automakers' US EV plans / Treasure Factory solid Q1 – Nikkei 225 +0.33% | ¥$147

PSA Japan Market Strategy: Which Japanese Stock Will be the First to Hit US$1tril Market Cap?

PSA Interactive Media & Services: GA Technologies (3491 JT) – Strong Momentum Should Continue

The PSA Research Round-Up for the Week to 11 July 2025

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