PSA Today April 21: Another 500-point slide / CVC steps back from Toshiba bid / SBI's "free" trading / Sony, 5G and the Vision-S / Nabtesco's buyback fall / Sumi Bakelite disappoints - Nikkei - 2.03%
Japan Market Comment by Pelham Smithers, Joel Scheiman and William NestukNikkei ¥28,508.55 (-¥591.83 / -2.03%); Topix ¥1,888.25 (-¥38.07 / -1.97%); ¥/$108.02
Tags: Sony (6758 JT), Softbank Group (9984 JT), Xerox (XRX US), Canon (7751 JT), Konica Minolta (4902 JT), Hope Inc (6195 JT), Toshiba (6502 JT) CVC Capital Partners, Kioxia, SBI Holdings (8473 JT), Rakuten (4755 JT), Vodafone (VOD LN), Tesla (TSLA US), Nabtesco (6268 JT), Harmonic Drive Systems (6324 JT), Sumitomo Bakelite (4203 JT), Boeing (BA US)
Main Points
• Tokyo slides another 5000 points as Covid worries mount
• CVC steps back from Toshiba
• SBI moving to zero commission
• Sony announces 5G driving test of Vision-S
• Nabtesco pull-back of 6% despite share buyback
• Disappointment with Sumitomo Bakelite’s revision
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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