PSA Today 28 Mar: Some profit-taking / Renesas production recovers from earthquake / Enechange client in trouble / Shift's FY22 Q2 preview – Nikkei 225 -0.73%
Japan Market Comment by Pelham Smithers, Joel Scheiman and Lindsay WhippTags: Sumitomo Mitsui Trust (8309 JT), Sumitomo Mitsui Financial Group (8316 JT), Canon (7751 JT), Nintendo (7974 JT), Lasertec (6920 JT), Daikin (6367 JT), Sony (6758 JT), Microsoft (MSFT US), Mimasu Semiconductor (8155 JT), Mitachi (3321 JT), Jeol (6951 JT), Renesas(6723 JT), Toyota Motor (7203 JT), Enechange (4169 JT), LPIO, Shift Inc (3697 JT), Aritech, SentryMark, Bitkey
Main Points
• Tokyo shares slide on profit-taking despite yen at ¥123/$
• Renesas’s Naka factory back to pre-quake production levels
• Major client of Enechange withdraws from electricity retail market
• Shift Inc FY22 Q2 Results Preview: High expectations for OP
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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