PSA Today 12 July: Foreign favourites lose ground / MSFT Activision: rekindled / Machinery orders / Toyota's clean energy charm offensive continues / Demae-can stable – Nikkei 225 -0.81% | ¥$139.70
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote and Thao NguyenTags: Resona Holdings (8308 JT), Sumitomo Mitsui FG (8316 JT), Microsoft (MSFT US), Activision (ATVI US), Sony (6758 JT), Nexon (3659 JT), Sega Sammy (6460 JT), Bandai Namco (7832 JT), Z Holdings (4689 JT), SoftBank Group (9984 JT), SoftBank Corp (9434 JT), Take Two Interactive (TTWO US), Square Enix (9684 JT), Tencent (700 HK), Embracer (EMBRACB SS), CD Projekt (CDR PW), Ubisoft (UBI FP), Konami (9766 JT), Toyota Motor (7203 JT), Daimler Truck Holding (DTG GR), Hino Motor (7205 JT), Beijing SinoHytec (688339 CH), Hyliko, Toyoda Gosei (7282 JT), Demae-can (2484 JT)
Main Points
• Foreigner favourites sold off as Japan interest rate hike talk increases
• Microsoft / Activision deal back on
• Machinery orders slow, but level still higher than Japan can handle
• Toyota’s hydrogen push
• Demae-can keeps FY23 guidance unchanged
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.
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