PSA Today Jan 23: CV effect / Divergent exports / Nidec's 3Q / Disco's 3Q / Asahi Kasei, Mtb Chem Naphtha/ Rakuten Launches MMO service / Mercari / Toshiba, Net One, NS Solutions - Nikkei -0.98%
Japan Market Comment by Pelham Smithers, Joel Scheiman, Thao Nguyen and Lindsay WhippNikkei ¥23,795.44 (-¥235.91 / -0.98%); Topix ¥1,730.50 (-¥13.63 / -0.78%); ¥/$109.59
Tags: Daiwabo (3107 JT), Airtech (6291 JT), ASML (ASML NA), Teradyne (TER US), Advantest (6857 JT), Screen (7735 JT), Tokyo Electron (8035 JT), NEC (6701 JT), Hitachi (6501 JT), Internet Initiative Japan (3774 JT), Tokyo Steel (5423 JT), Askul (2678 JT), ZOZO Inc (3092 JT), Z Holdings (4689 JT), Daimler (DAI GR), Nidec (6594 JT), Disco (6146 JT), Hitachi High-tech (8036 JT), Asahi Kasei (3407 JT), Mitsubishi Chemical Holdings (4188 JT), Zeon Corp (4205 JT), Mitsubishi Gas Chemical (4182 JT), Kanto Denka Kogyo (4047 JT), Rakuten (4755 JT), Mercari (4385 JT), Shinkin Central Bank (8421 JT), Origami Inc. (pvt.), KDDI (9433 JT), SoftBank Corp (9434 JT), Net One Systems (7518 JT), NS Solutions (2327 JT), Toshiba (6502 JT)
Main Points
• Japanese shares sold off as CV deaths rise
• Japan’s exports underscore Old Economy / New Economy division
• Nidec 3Q disappoints
• Disco – Good and not so good
• Asahi Kasei, Mitsubishi Chem naphtha restart delayed
• Rakuten confirms full-scale launch of the MNO service in Apr
• Mercari continues to lose favour
• Net One Systems and NS Solutions shares display volatility amid investigations
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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