Pelham Smithers Associates Ltd - PSA Today 13 Jan: New highs on N225 / Perfect storm hits Japans bond market / DDR5 spot px up again / Video games round-up / Toyota sees US headwinds / Sansan Q2 preview / Curves Q1 / Treasure Factory Q3 – Nikkei 225 +3.10% | ¥$158.93

Report

Pelham Smithers Associates Ltd

Hiroyuki Terada ...

Julie Boote
Lindsay Whipp
Pelham Smithers

PSA Today 13 Jan: New highs on N225 / Perfect storm hits Japan's bond market / DDR5 spot px up again / Video games round-up / Toyota sees US headwinds / Sansan Q2 preview / Curves Q1 / Treasure Factory Q3 – Nikkei 225 +3.10% | ¥$158.93

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Lindsay Whipp and Hiroyuki Terada
Tags: Daiichi Kigenso Kagaku (4082 JT), Japan Petroleum Exploration (1662 JT), Toho Zinc (5707 JT), Furukawa (5715 JT), Furukawa Electric (5801 JT), Dowa Mining (5714 JT), Kioxia (285A JT), SanDisk (SNDK US), Toyota Motor (7203 JT), Subaru (7270 JT), Hyundai Motor (005380 KS), Nvidia (NVDA US), Nintendo (7974 JT), Sony (6758 JT), Konami (9766 JT), Square Enix (9684 JT), Bandai Namco (7832 JT), Nexon (3659 JT), Battlestate Games (pvt), Capcom (9697 JT), Sansan (4443 JT), Curves Holdings (7085 JT), Treasure Factory (3093 JT)
Main Points
 Nikkei 225 gains +3% as “bottleneck” stocks and yen sensitives sought after
 Perfect storm hits Japanese bond market
 DDR5 spot prices go above US$2/Gb
 Video games round-up
 Toyota warns of US headwinds in 2026
 Sansan: FY25 Q2 preview
 Curves FY26 Q1 ahead of guidance
 Treasure Factory FY25 Q3: Good SSS and solid pace of new store openings

13/01/2026 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

Lindsay Whipp

Pelham Smithers

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PSA Today 13 Jan: New highs on N225 / Perfect storm hits Japan's bond market / DDR5 spot px up again / Video games round-up / Toyota sees US headwinds / Sansan Q2 preview / Curves Q1 / Treasure Factory Q3 – Nikkei 225 +3.10% | ¥$158.93

PSA Consumer Electronics: The Memory Trap – Outlook for Sony in 2026

The PSA Research Round-Up for Week to 9 January 2026

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