PSA Today April 9: Decoupling from Wall Street continues / What is Toshiba Memory worth? / Rakuten – pyrrhic victory? / SoftBank borrows $8bil against Alibaba / MMC's strong global sales / Start Today and Zozo – Nikkei +0.51%
Japan Market Comment by Pelham Smithers, Julie Boote and Thao NguyenNikkei ¥21,678.26 (+¥110.74 / +0.51%); Topix ¥1,725.88 (+¥6.58 / +0.38%); ¥/$106.98
Tags: Rakuten (4755 JP), Toshiba (6502 JP),Takeda (4502 JP), Shire (SHP LN), Toshiba Memory, SK Hynix (000660 KS), Micron (MU US), Hon Hai (2317 TT), Western Digital (WDC US), Bain, NTT DoCoMo (9437 JP), SoftBank (9984 JP), SBI Holdings (8473 JP),Yahoo Japan (4689 JP),Three, Alibaba (BABA US), Charter Communications (CHTR US), Mitsubishi Motors (7211 JP), Start Today (3092 JP)
Main Points at a Glance
• Nikkei up led by asset-backed names and defensives
• Is Toshiba Memory really worth ¥4tril?
• Rakuten gets MNO license, but on tough terms
• SoftBank borrows against Alibaba position, looking to sell BrightStar
• Strong global sales for Mitsubishi Motors
• Start Today: ZOZO’s poor start
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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