Report

PSA Today Dec 4: Cyclicals prevail/The tax nudge/Sony's PSVR trial goes well/Nintendo on mobile/Soft99/Rising scrap steel prices/US Nov auto sales/Komatsu's data mining -Nikkei -0.49%

Japan Market Comment by Pelham Smithers, Julie Boote and William Nestuk
Nikkei ¥22,707.16 (-¥111.87 / -0.49%); Topix ¥1,786.87 (-¥9.66 / -0.54%); ¥/$112.81
Tags: Sony (6758), Facebook (FB US), HTC (2498 TT), Nintendo (7974), Capcom (9697), DeNA (2432), Soft99 (4464), Tokyo Steel (5423), Toyota (7203), Honda (7267), Nissan (7201), Mitsubishi Motors (7211), Komatsu (6301)

  • Nikkei lower despite weaker yen, cyclicals again do well
  • Government offers to cut corporation tax to 20%, but with conditions
  • Sony’s PSVR trial proves a success
  • Nintendo’s Animal Crossing app is not monetizing
  • Soft99 is benefiting from a booming scratch removal business (autos)
  • Rising scrap steel / coking prices: who wins? Over time, surprisingly, blast furnace companies
  • US auto sales for November see a mixed performance by Japan’s assemblers
  • Komatsu’s data mining offers superior product, superior pricing
Provider
Pelham Smithers Associates Ltd
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. 

Analysts
Pelham Smithers

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