PSA Today 6 April: Despite Wall St, Tokyo lower on strong yen / Weak Feb household spending, wage data / Nikon's 3D Printing strategy / CY21 Q1 US auto sales: Japanese outperform / Nachi-Fujikoshi's Q1 bodes well for Nabtesco's Q1 – Nikke
Japan Market Comment by Pelham Smithers, Julie Boote and William NestukNikkei ¥29,696.63 (-¥392.62 / -1.30%); Topix ¥1,9531.6 (-¥29.20 / -0.64%); Mothers ¥1,222.76 (-¥14.97 / -1.21%); ¥/$110.22
Tags: Paltek Corp (7587 JT), Thine Electronics (6769 JT), Isolite Insulating Products (5358 JT), Hitachi (6501 JT), M3 (2413 JT), BASE Inc (4477 JT), Bengo4.com (6027 JT), Fujitsu (6702 JT), Baby Calendar (7363 JT), Youji Corp (2152 JT), JMACS Japan (5817 JT), Kanden Joy Life, Nikon (7731 JT), Morf3D, ASML (ASML NA), Toyota Motor (7203 JT), Honda (7267 JT), Nissan Motor (7201 JT), Subaru (7270 JT), Mazda (7261 JT), General Motors (GM US), Ford (F US), Stellantis (STLA US), Nachi-Fujikoshi (6474 JT), Nabtesco (6268 JT), Yaskawa Electric (6506 JT)
Main Points
• Tokyo lower on stronger yen despite Wall St, HK markets rallying
• Weak household spending, wage data for February
• Nikon’s acquisition of Morf3D suggests firm finally has a 3D Printing strategy
• Strong outperformance of Japanese automakers in the US in CY21 Q1
• Nachi-Fujikoshi FY21 Q1 strong China hydraulics positive for Nabtesco
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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