Pelham Smithers Associates Ltd - PSA Today 6 Mar: End of a tough week / Considering wages in Japan / Denso to buy Rohm, read across to Fuji Elec / Middle East conflict and Japans truck makers / DeCurrets digital currency POC / Intermestics March KPIs up? – Nikkei 225 +0

Report

Pelham Smithers Associates Ltd

Hiroyuki Terada ...

Julie Boote
Lindsay Whipp
Pelham Smithers
Thao Nguyen
William Nestuk

PSA Today 6 Mar: End of a tough week / Considering wages in Japan / Denso to buy Rohm, read across to Fuji Elec / Middle East conflict and Japan's truck makers / DeCurret's digital currency POC / Intermestic's March KPIs up? – Nikkei 225 +0

PSA Today Japan Market Comment by Pelham Smithers, Thao Nguyen, William Nestuk, Julie Boote, Lindsay Whipp and Hiroyuki Terada
Tags: Denso (6902 JT), Rohm (6963 JT), Nomura Research Institute (4307 JT), LY Corp (4689 JT), Mercari (4385 JT), NEC Corp (6701 JT), Fujitsu (6702 JT), Rakuten Group (4755 JT), Kokusai Electric (6525 JT), Capcom (9697 JT), Koei Tecmo (3635 JT), Nexon (3659 JT), Sony (6758 JT), Kioxia (285A JT), Pan Pacific International (7532 JT), Casio Computer (6952 JT), Nidec (6594 JT), Cover Corp (5253 JT), CyberAgent (4751 JT), Anycolor (5032 JT), Murata Manufacturing (6981 JT), Toshiba (pvt), Renesas (6723 JT), Texas Instruments (TXN US), STMicroelectronics (STMPA FP), Toyota Motor (7203 JT), SICC (2631 HK), Wolfspeed (WOLF US), Western Digital (WDC US), Fuji Electric (6504 JT), Mitsubishi Electric (6503 JT), Hitachi (6501 JT), Minebea Mitsumi (6479 JT), Isuzu Motors (7202 JT), Hino Motors (7205 JT), Internet Initiative Japan (3774 JT), DeCurret (pvt), Intermestic (262A JT)
Main Points
 Japan ends rough week on positive note as oil prices ease in Asian trading
 “Union wages” and “actual wages”: Japan’s parallel employment universes
 Denso to Buy Rohm?
 Fuji Electric hit by Denso-Rohm news
 Impact of Middle East conflict on Isuzu and Hino
 DeCurret in digital currency POC with Gamba Osaka
 Intermestic’s KPIs likely to be solid again in March

06/03/2026 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

Hiroyuki Terada

Julie Boote

Lindsay Whipp

Pelham Smithers

Thao Nguyen

William Nestuk

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The PSA Research Round-Up for Week to 6 March 2026

Weekly Comment Summary One of the features of recent weak inflation numbers in Japan has been lower utility rates. The spike in oil prices brought about by the attack on Iran poses a double problem for monetary policy. Pelham Smithers discusses. Weekly Contents at a Glance Reports / Flash Notes Summaries 1. Japanese Video Games Industry Outlook – Picking Winners as Memory Chips and AI Threaten the Status Quo 2. Nidec (6594 JT) Releases Results of Third-Party Accounting Investigation 3. Intermestic (262A JT) SSS Growth Ahead to be Catalyst for Stock 4. ...

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Lindsay Whipp

Lindsay Whipp

PSA Professional Services: Visional (4194 JT) FY26 Q2 Preview – Another Earnings Beat?

Analyst Lindsay Whipp thinks Visional has the potential to beat its FY26 Q2 forecast. With a strong track record of meeting and/or beating guidance, along with contributions from recent acquisiton, Thinkings, the firm is confident about the job market outlook and how it is positioned. With the recent selloff in SaaS stocks, Visional’s valuations are now very attractive.

March 6, 2026 March 6, 2026 1 EN

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PSA Today 6 Mar: End of a tough week / Considering wages in Japan / Denso to buy Rohm, read across to Fuji Elec / Middle East conflict and Japan's truck makers / DeCurret's digital currency POC / Intermestic's March KPIs up? – Nikkei 225 +0

The PSA Research Round-Up for Week to 6 March 2026

PSA Professional Services: Visional (4194 JT) FY26 Q2 Preview – Another Earnings Beat?

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