- Julie Boote
- Lindsay Whipp
- Nia Dokova
- Pelham Smithers
PSA Today 25 July: Sharp decline / June PPI / Results for Renesas, Canon, Shin-Etsu Polymer, Nissan, OBC, Obic, Chugai / Prescription drugs now available on Amazon Japan – Nikkei 225 -3.28% | ¥$152.64
PSA Today Japan Market Comment by Pelham Smithers, Joel Scheiman, Julie Boote, Lindsay Whipp, and Nia DokovaTags: Renesas (6723 JT), Sony (6758 JT), Isetan Mitsukoshi (3099 JT), Sanrio (8136 JT), Takashimaya (8233 JT), Sapporo Holdings (2501 JT), Nichirei (2871 JT), ANA (9202 JT), Tokyo Gas (9531 JT), Canon Marketing (8060 JT), Canon (7751 JT), Bandai Namco (7832 JT), Micron (MU US), Kioxia (unlisted), Shin-Etsu Polymer (7970 JT), Nissan Motor (7201 JT), Toyota Motor (7203 JT), Obic Business Consultants (4733 JT), Obic (4684 JT), Chugai Pharmaceutical (4519 JT), Amazon (AMZN US), Welcia Holdings (3141 JT), Ain Holdings (9627 JT), Quol Holdings Co (3034 JT), Tomod’s (pvt), Sugi Holdings (7649 JT)
Main Points
• Tokyo shares fall -3% as investors flee tech names in wake of US, Japan earnings
• PPI Services +3% YoY in June – adding to rate hike odds
• Renesas Q2 OP below expectations
• Canon FY34 Q2 OP +28% YoY
• Shin-Etsu Polymer’s guidance exceeds consensus
• Nissan sees sharp drop in FY24 Q1 profits on US weakness
• OBC has solid start to FY24
• Obic’s FY24 Q1 misses market expectations
• Chugai Pharm FY24 Q2 OP +27% YoY
• Prescription drugs now available online through Amazon Japan
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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