Pelham Smithers Associates Ltd - PSA Today 22 Apr: Retreat on US tech sell-off / Weak global smartphone shipments / Koa 4Q / Tokyo Steel forecasts / Management at Nidec / Considering Fanuc – Nikkei 225 -1.63%

Report

Pelham Smithers Associates Ltd

Julie Boote ...

Pelham Smithers
William Nestuk

PSA Today 22 Apr: Retreat on US tech sell-off / Weak global smartphone shipments / Koa 4Q / Tokyo Steel forecasts / Management at Nidec / Considering Fanuc – Nikkei 225 -1.63%

Japan Market Comment by Pelham Smithers, Julie Boote and William Nestuk
Tags: Tesla (TSLA US), Nvidia (NVDA US), Marvell (MRVL US), Pinduoduo (PDD US), JD.com (JD US), Netflix (NFLX US), Match (MTCH US), Meta (FB US), Warner Brothers Discovery (WBD US), M3 Inc (2413 JT), Recruit Holdings (6098 JT), SoftBank Group (9984 JT), Sony (6758 JT), Toshiba (6502 JT), Hitachi (6501 JT), Hitachi Transport (9086 JT), SG Holdings (9143 JT), Nidec (6594 JT), Disco (6146 JT), Obic (4684 JT), Obic Business Consultants (4733 JT), Capcom (9697 JT), Xiaomi (1810 HK), Samsung Electronics (005930 KS), Apple (AAPL US), Koa (6999 JT), Tokyo Steel (5423 JT), Fanuc (6954 JT), Yaskawa Electric (6506 JT)
Main Points
• Tokyo retreats on US tech sell-off as BoJ JGB buying continues
• Q1 2022 global smartphone shipments down sharply
• Koa 4Q OP +4% YoY
• Tokyo Steel forecasts a wild year in FY22
• Nidec: Humiliation and submission
• Fanuc steady ahead of 26 Apr earnings release

22/04/2022 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

Julie Boote

Pelham Smithers

William Nestuk

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PSA Today 22 Apr: Retreat on US tech sell-off / Weak global smartphone shipments / Koa 4Q / Tokyo Steel forecasts / Management at Nidec / Considering Fanuc – Nikkei 225 -1.63%

PSA Autos /New Mobility: The Case for Honda (7267 JT) over Toyota (7203 JT)

PSA Today 1 July: Tariff worries / Capcom's rich showcase / The case for Honda over TOY / Fujikura, Melco listing highs / Insource June KPIs – Nikkei 225 -1.24% | ¥$143.62

PSA Japan Stock Market Strategy for 2025 Q3

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