PSA Today Apr 1: Up on improving China confidence / Sony cuts smartphone workforce / Disco's Parent Q4 / China EV subsidy cut – Implications for Japanese automakers / JDI nears a deal – Nikkei +1.43%
Japan Market Comment by Pelham Smithers, Joel Scheiman and Julie BooteNikkei ¥21,509.03 (+¥303.22 / +1.43%); Topix ¥1,615.81 (+¥24.17 / +1.52%); ¥/$111.04
Tags: Yaskawa (6506 JT), Daiichi Sankyo (4568 JT), Rakuten (4755 JT), Toppan Printing (7911 JT), Showa Denko (4004 JT), Sony (6758 JT), Disco (6146 JT), Tokyo Electron (8035 JT), Toyota (7203 JT), Nissan (7201 JT), Honda (7267 JT), Mitsubishi Motors (7211 JT), Japan Display (6740 JT), TPK Holding Co (3673 TT), Maxell Holdings (6810 JP)
Main Points
• 300-point gain for Tokyo as China confidence rises
• Sony announces cut in smartphone workforce
• Disco 4Q FY18 parent revenues ¥26.5bil
• China EV subsidy cut – impact on Japanese assemblers
• Japan Display nears a deal
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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