Pelham Smithers Associates Ltd - PSA Today 29 Nov: Unhelpful yen strength and China consumer figures / Microns cost warning / TOY output surge / Densos shares / Considering Cybozu – Nikkei 225 -0.26% | ¥$147.14

Report

Pelham Smithers Associates Ltd

Julie Boote ...

Lindsay Whipp
Pelham Smithers
Thao Nguyen
William Nestuk

PSA Today 29 Nov: Unhelpful yen strength and China consumer figures / Micron's cost warning / TOY output surge / Denso's shares / Considering Cybozu – Nikkei 225 -0.26% | ¥$147.14

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk, Thao Nguyen and Lindsay Whipp
Tags: Meituan (3690 HK), Micron (MU US), Lasertec (6920 JT), M3 (2413 JT), Sysmex (6869 JT), Kao (4452 JT), Mizuho Financial (8411 JT), Nippon Steel (5401 JT), Nippon Yusen (9101 JT), Subaru (7270 JT), Sosei (4565 JT), Sanrio (8136 JT), Kobe Steel (5406 JT), Sakura Internet (3778 JT), Smartvalue (9417 JT), Nissan Motor (7201 JT), Toyota Motor (7203 JT), Denso (6902 JT), Toyota Industries (6201 JT), Aisin (7259 JT), Demae-can (2484 JT), Cover (5253 JT), Anycolor (5032 JT), Sumco (3436 JT), Tokyo Ohka Kogyo (4186 JT), Honda Motor (7267 JT), Cybozu (4776 JT), Sansan (4443 JT), Appier (4180 JT), Freee KK (4478 JT)
Main Points
• Tokyo shares slide on yen strength, China consumer spending concerns
• Micron warns of cost increases offsetting higher sales
• Toyota production surges in October
• Denso announces another ¥200bil share buyback; No Toyota sale for now
• Cybozu revises down sales and raises OP

29/11/2023 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

Lindsay Whipp

Pelham Smithers

Thao Nguyen

William Nestuk

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PSA Today 29 Nov: Unhelpful yen strength and China consumer figures / Micron's cost warning / TOY output surge / Denso's shares / Considering Cybozu – Nikkei 225 -0.26% | ¥$147.14

The PSA Research Round-Up for the Two-Week Period Covering 11~25 April 2025

PSA Broadline Retail: Treasure Factory (3093 JT): Inbound Sales Still Solid in Q1

PSA Today 25 Apr: Most of tariff fall recouped now / Tokyo CPI / Analyst articles on Advantest, Nissan, Hino, Denso, HCM, NRI, NTT Data, Chugai, DSK – Nikkei 225 +1.90% | ¥$143.55

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