PSA Today 30 Aug: Labour, hydrogen support rebound / China plug-in EV sales / Global console sales / Adeka's agrochems / Ferrotec, Diamond Electric – Nikkei 225 +1.14%
Japan Market Comment by Pelham Smithers, Joel Scheiman, Will Nestuk and Thao NguyenTags: NEC Corp (6701 JT), Itochu (8001 JT), Air Liquide (AI FP), Kawasaki Heavy Industries (7012 JT), Iwatani Corp (8088 JT), Toyota Motor (7203 JT), Honda (7267 JT), LG Energy Solution (373220 KS), Nissan Motor (7201 JT), Amazon (AMZN US), Electronic Arts (EA US), Sony (6758 JT), Savage Game Studios, CyberAgent (4751 JT), Nexon (3659 JT), Nidec (6594 JT), Freyr (FREY US), Renesas (6723 JT), Rohm (6963 JT), Torex Semiconductor (6616 JT), Microsoft (MSFT US), Nintendo (7974 JT), Tencent (700 HK), NetEase (NTES US), Cognosphere, Bandai Namco (7832 JT), Koei Tecmo (3635 JT), Sialia, Adeka (4401 JT), Kaneka (4118 JT), Ferrotec (6890 JT), Applied Materials (AMAT US), Dimond Electric (6699 JT), Daikin (6367 JT)
Main Points
• Tokyo rebounds on strong employment data, hydrogen story revival
• China plug-in vehicle sales continue to soar despite new subsidy for ICEs
• Global console sales -2% YoY in week to 20 August
• Adeka’s FY22 plans saved by agrochemicals
• Ferrotec closes at 7-month high
• Diamond Electric sinks 9% on new dilution
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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