PSA Today 18 Jan: Marginally lower / Machinery orders, backlogs / Nov MLCCs / Nexon woes / China 2023 auto sales / March of cheap robots / Digital invoicing SaaS – Nikkei 225 -0.03% | ¥$147.76
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk and Lindsay WhippTags: Toyota Motor (7203 JT), Nissan Motor (7201 JT), Denso (6902 JT), Bridgestone (5108 JT), Advantest (6857 JT), Disco (6146 JT), Lasertec (6920 JT), Samsung Electronics (005930 KS), Rorze (6323 JT), Shiseido (4911 JT), Kao (4452 JT), Bandai Namco (7832 JT), West Japan Railway (9021 JT), Central Japan Railway (9022 JT), NEC Corp (6701 JT), Nexon (3659 JT), Sony (6758 JT), ZEE (Z IN), Murata (6981 JT), NetEase (NTES US), Honda Motor (7267 JT), Daifuku (6383 JT), Fanuc (6954 JT), Yaskawa Electric (6506 JT), Sansan (4443 JT), Money Forward (3994 JT), SAP (SAP US), Salesforce (CRM US)
Main Points
• Tokyo shares close marginally lower as early gains eradicated by Yen strength
• Core machinery orders down but order backlog grows
• Nov MLCC production up +12% YoY in yen terms
• Nexon fined by Korean FTC for violating the Electronic Commerce Act
• China reaches record auto sales in 2023 – thanks to exports, NEVs
• China looking to export warehouse picking robots to Japan
• Will new demand for digital invoicing SaaS start to die down soon?
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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