PSA Today 2 March: Tokyo lower on surging oil prices and weak Wall St / Corporate Japan software spending cuts / Nexon's Jung-ju Kim / Kayaku Japan Explosion / Money Forward's FY22 Q1 targets raised – Nikkei 225 -1.68%
Japan Market Comment by Pelham Smithers, Joel Scheiman, and Lindsay WhippTags: Honda Motor (7267 JT), Toyota Motor (7203 JT), Nissan Motor (7201 JT), Bridgestone (5108 JT), Denso (6902 JT), Hitachi (6501 JT), Canon (7751 JT), Panasonic (6752 JT), Ricoh (7752 JT), Brother (6448 JT), Hoya (7741 JT), Kansai Paint (4613 JT), Nippon Paint Holdings (4612 JT), DIC Corp (4631 JT), Nexon (3659 JT), Tencent (700 HK), Bandai Namco (7832 JT), Square Enix (9684 JT), NCSoft (036570 KS), Asahi Kasei (3407 JT), Nippon Kayaku (4272 JT), Money Forward (3994 JT), Sansan (4443 JT), Freee KK (4478 JT)
Main Points
• Tokyo slides on surging oil prices, weak Wall Street
• Corporate Japan cuts software spending for second quarter
• Jung-ju Kim dies
• Asahi Kasei, Nippon Kayaku sold after explosion
• Money Forward raises FY22 Q1 forecasts
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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