Pelham Smithers Associates Ltd - PSA Today 11 Apr: Weak day / Renault and Nissan: EV powwow / Asahi Kaseis 3-yr plan / Yaskawa prospects good / Previewing Mercari Q3, Money Forward Q1- Nikkei 225 -0.61%

Report

Pelham Smithers Associates Ltd

Joel Scheiman ...

Julie Boote
Lindsay Whipp
Pelham Smithers
Thao Nguyen
William Nestuk

PSA Today 11 Apr: Weak day / Renault and Nissan: EV powwow / Asahi Kasei's 3-yr plan / Yaskawa prospects good / Previewing Mercari Q3, Money Forward Q1- Nikkei 225 -0.61%

Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk, Thao Nguyen and Lindsay Whipp
Tags: Tokyo Electric Power (9501 JT), Yaskawa Electric (6506 JT), Asahi Kasei (3407 JT), Square Enix (9684 JT), Mercari (4385 JT), Murata (6981 JT), Taiyo Yuden (6976 JT), Nidec (6594 JT), Mabuchi Motor (6592 JT), Renault (RNO FP), Nissan Motor (7201 JT), Rakuten (4755 JT), Z Holdings (4689 JT), Money Forward (3994 JT), Susten Capital Management, Lifenet Insurance (7157 JT), Tsukuruba, SymEnergy, FP Partners, Mitsubishi UFJ Financial Group (8306 JT), Sansan (4443 JT), Freee KK (4478 JT)
Main Points
• Tokyo shares weaken on Nasdaq losses but asset- backed names gain
• Asahi Kasei’s new three-year plan
• Renault set to discuss EV spin off with Nissan
• Yaskawa CEO Ogasawara positive on demand
• Previewing Mercari’s FY22 Q3
• Money Forward FY22 Q1 preview: Focus on new products

11/04/2022 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

Joel Scheiman

Julie Boote

Lindsay Whipp

Pelham Smithers

Thao Nguyen

William Nestuk

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PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk, Lindsay Whipp and Hiroyuki Terada Tags: Toyota Motor (7203 JT), Toyota Industries (6201 JT), Namura Shipbuilding (7014 JT), Mitsui E&S (7003 JT), Anritsu (6754 JT), Advantest (6857 JT), Disco (6146 JT), Tokyo Seimitsu (7729 JT), ARE Holdings (5857 JT), Shin-Etsu Chemical (4063 JT), Sakura Internet (3778 JT), Daiwa Securities (8601 JT), Japan Exchange (8697 JT), Sumitomo Heavy (6302 JT), Nitto Denko (6988 JT), Hitachi (6501 JT), NEC Corp (6701 JT), Socionext (6526 JT), ZTE (763 HK), TDK (6762 JT), ...

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Weekly Comment Summary Two weeks ago, we wrote here about how US trade policy was generating a very “top down” market. Since then, uncertainty has replaced fear, and this has led to a very “bottom up" market, with the winners those delivering good / better-than-expected news, explains Pelham Smithers. PSA Company Visits, Tours and Interviews Visited: TKP (3479 JT), JINS Holdings (3046 JT), Treasure Factory (3093 JT), Koshidaka Holdings (2157 JT) 1-1 Call with: Insource (6200 JT) Presentations at: Shin-Etsu Chemical (4063 JT), Nitto Denko (6988 JT), Fujifilm Holdings (4901 JT), Zeon Corp...

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PSA Today 11 Apr: Weak day / Renault and Nissan: EV powwow / Asahi Kasei's 3-yr plan / Yaskawa prospects good / Previewing Mercari Q3, Money Forward Q1- Nikkei 225 -0.61%

PSA Today 28 Apr: Sentiment uptick / FY24s for Hitachi, NEC / Socionext woes / TDK, Komatsu: weak FY25 guidance / Toyota Industries to be taken private? / JMDC preview / CUC FY25 guidance conservative – Nikkei 225 +0.38% | ¥$143.83

The PSA Research Round-Up for the Two-Week Period Covering 11~25 April 2025

PSA Broadline Retail: Treasure Factory (3093 JT): Inbound Sales Still Solid in Q1

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