Report
Julie Boote ...
  • Pelham Smithers
  • Thao Nguyen

PSA Today Jan 17: Market off on yen strength, Bitcoin slide/TDK/Soliton's Olympics advantage/The cosme space/Subaru in the US/LINE and iPASS - Nikkei -0.35%

PSA Today Jan 17: Japan Market Comment by Pelham Smithers, Julie Boote and Thao Nguyen 
Nikkei ¥23,868.34 (-¥83.47 / -0.35%); Topix ¥1,890.82 (-¥3.43 / -0.18%); ¥/$110.85 
Tags: TDK (6762 JP), Murata (6981 JP), GMO Internet (9449 JP), Fisco (3807 JP), SBI Holdings (8473 JP), Soliton Systems (3040 JP), Canon (7751 JP), NEC Corp (6701 JP), Axis (AXIS SS), Kitanotatsujin (2930 JP), Shiseido (4911 JP), iStyle (3660 JP), Adjuvant Cosme (4929 JP), Subaru (7270 JP), LINE (3938 JP)

Main Points at a Glance 
• Market slides over concerns over currencies (yen and Bitcoin). 
• TDK higher on sell-side upgrade. 
• Bitcoin slides despite rethink by Korean authorities on exchange closure. 
• Video surveillance / facial recognition at Tokyo Olympics positive for Soliton. 
• Alternatives in the cosmé space as Kitanotatsujin comes in for profit-taking. 
• Can Subaru expand sales for the eleventh consecutive year in the US? 
• LINE to become a major shareholder of iPASS Corporation 

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
Julie Boote

Pelham Smithers

Thao Nguyen

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