Pelham Smithers Associates Ltd - PSA Today 16 Aug: Tokyo slumps / Japans 2Q GDP +0.3% QoQ / TELs FY21 Q12 / Fujifilm impresses / Japans auto cyberattack alliance / Ferrotec limit up / istyles FY21 results / Reasons to be positive on Enechange / Freee fall – Nikkei 225

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Pelham Smithers Associates Ltd

Joel Scheiman ...

Lindsay Whipp
Pelham Smithers
Thao Nguyen
William Nestuk

PSA Today 16 Aug: Tokyo slumps / Japan's 2Q GDP +0.3% QoQ / TEL's FY21 Q12 / Fujifilm impresses / Japan's auto cyberattack alliance / Ferrotec limit up / istyle's FY21 results / Reasons to be positive on Enechange / Freee fall – Nikkei 225

Japan Market Comment by Pelham Smithers, Joel Scheiman, William Nestuk, Thao Nguyen and Lindsay Whipp
Tags: Fujifilm Holdings (4901 JT), Tokyo Electron (8035 JT), Advantest (6857 JT), Recruit Holdings (6098 JT), Bandai Namco (7832 JT), Sony (6758 JT), Shimano (7309 JT), Square Enix (9684 JT), GungHo Online Entertainment (3765 JT), Applied Materials (AMAT US), Teradyne (TER US), Screen (7735 JT), Tokyo Seimitsu (7729 JT), Disco (6146 JT), Hitachi (6501 JT), Toyota Motor (7203 JT), Nissan Motor (7201 JT), Trend Micro (4704 JT), Ferrotec (6890 JT), istyle (3660 JT), ZOZO (3092 JT), Z Holdings (4689 JT), Enechange (4169 JT), Freee KK (4478 JT), Money Forward (3994 JT)
Main Points
• Tokyo slumps on Covid worries, stronger yen
• Japan GDP +0.3% QoQ in 2Q
• Tokyo Electron 1Q FY21 OP +92% YoY
• Fujifilm’s earnings impress the market
• Japan alliance against auto cyberattack
• Ferrotec limit up in weak market on record Q1
• istyle’s FY21 results
• Reasons to be positive about Enechange
• A post-earnings Freee fall for the accounting SaaS company

16/08/2021 8 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

Lindsay Whipp

Pelham Smithers

Thao Nguyen

William Nestuk

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PSA Today 16 Aug: Tokyo slumps / Japan's 2Q GDP +0.3% QoQ / TEL's FY21 Q12 / Fujifilm impresses / Japan's auto cyberattack alliance / Ferrotec limit up / istyle's FY21 results / Reasons to be positive on Enechange / Freee fall – Nikkei 225

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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