PSA Today Aug 20: US events sends Japan tech lower / Tesla, Panasonic and batteries / PS5 release date / Worsening convenience store sales / Subaru's Eyesight system / Gree's FY20 Q4 / Cybozu's likely Toyokumo IPO gains – Nikkei -1.00%
Japan Market Comment by Pelham Smithers, Julie Boote, Thao Nguyen and Lindsay WhippNikkei ¥22,880.62 (-¥229.99 / -1.00%); Topix ¥1,599.20 (-¥14.53/ -0.90%); ¥/$105.99
Tags: Nvidia (NVDA US), Lasertec (6920 JT), Advantest (6857 JT), Tokyo Electron (8035 JT), Panasonic (6752 JT), Tesla (TSLA US), Sony (6758 JT), Third Point, Epic Games, Hitachi (6501 JT), Hitachi Metals (5486 JT), CATL (300750 CH), Toyota (7203 JT), Subaru (7270 JT), Xilinx (XLNX US), Gree Inc (3632 JT), Cybozu (4776 JT), Toyokumo (4058 JT* - not yet listed)
Main Points
• Trump, Nvidia and SOX combine to send Japan tech stocks lower
• Readthrough from the Tesla / Panasonic battery deal
• Fortnite news seen as inadvertently giving away PS5 release date
• Convenience store sales get worse
• Subaru upgrades EyeSight system
• Gree’s FY20 Q4 misses
• Cybozu's likely income gain from Toyokumo IPO
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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