Pelham Smithers Associates Ltd - PSA Today 14 July: Election jitters / Macro data underscores 2-speed nature of economy / DDR5 DRAM prices surging / Nissan might build for Honda in US / BayCurrent FY25 Q1 preview / Curves FY25 Q3 results – Nikkei 225 | ¥$147.34

Report

Pelham Smithers Associates Ltd

Hiroyuki Terada ...

Julie Boote
Lindsay Whipp
Pelham Smithers

PSA Today 14 July: Election jitters / Macro data underscores 2-speed nature of economy / DDR5 DRAM prices surging / Nissan might build for Honda in US / BayCurrent FY25 Q1 preview / Curves FY25 Q3 results – Nikkei 225 | ¥$147.34

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Lindsay Whipp and Hiroyuki Terada
Tags: MHI (7011 JT), IHI (7013 JT), KHI (7012 JT), Nissan Motor (7201 JT), Hino Motors (7205 JT), Daiichi Sankyo (4568 JT), Astellas (4503 JT), Sumitomo Pharma (4506 JT), Disco (6146 JT), Advantest (6857 JT), Furukawa Electric (5801 JT), NEC (6701 JT), Hitachi (6501 JT), Nexon (3659 JT), Nintendo (7974 JT), Mercari (4385 JT), Gumi (3903 JT), Samsung Electronics (005930 KS), SK Hynix (000660 KS), Micron (MU US), Kioxia (285A JT), Honda Motor (7267 JT), BayCurrent (6532 JT), Accenture (ACN US), Curves Holdings (7085 JT)
Main Points
 Tokyo shares mixed but sentiment remains low on election jitters
 Japan economic data underscores two speed nature of Japanese economy
 Now DDR5 DRAM prices are surging
 Nissan could build trucks for Honda in the US
 BayCurrent: FY25 Q1 preview
 Curves FY25 Q3 slightly short of plan

14/07/2025 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

Lindsay Whipp

Pelham Smithers

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PSA Today 14 July: Election jitters / Macro data underscores 2-speed nature of economy / DDR5 DRAM prices surging / Nissan might build for Honda in US / BayCurrent FY25 Q1 preview / Curves FY25 Q3 results – Nikkei 225 | ¥$147.34

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

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