Pelham Smithers Associates Ltd - PSA Today Jan 29: China credit concerns / Electronic supply chain results strong / Murata busts out above Y100bil OP / NEC: relief / Considering KDDI / TDK Q3 / TIS Q3 preview / Friday results round-up – Nikkei -1.89%

Report

Pelham Smithers Associates Ltd

Lindsay Whipp ...

Pelham Smithers

PSA Today Jan 29: China credit concerns / Electronic supply chain results strong / Murata busts out above Y100bil OP / NEC: relief / Considering KDDI / TDK Q3 / TIS Q3 preview / Friday results round-up – Nikkei -1.89%

Japan Market Comment by Pelham Smithers and Lindsay Whipp
Nikkei ¥27,663.39 (-¥534.03 / -1.89%); Topix ¥1,808.78 (-¥30.07 / -1.64%); ¥/$104.55
Tags: GameStop (GME US), Hoya (7741 JT), Fujitsu (6702 JT), Canon (7751 JT), Tokyo Electron (8035 JT), Nomura Research Institute (4307 JT), Shinko Electric (6967 JT), Melco Holdings (6676 JT), Fuji Electric (6504 JT), Anritsu (6754 JT), SB Technology (4726 JT), Advantest (6857 JT), Rakuten (4755 JT), Mitsubishi Motors (7211 JT), Hope Inc (6195 JT), Disco (6146 JT), Shin-Etsu Chemical (4063 JT), JSR (4185 JT), Nitto Denko (6988 JT), Nidec (6594 JT), Enplas (6961 JT), Koa Corp (6999 JT), Alps Alpine (6770 JT), Murata (6981 JT), Apple (AAPL US), NEC Corp (6701 JT), KDDI Corp (9433 JT), SoftBank Corp (9434 JT), SoftBank Group (9984 JT), NTT (9432 JT), Internet Initiative Japan (3774 JT), TDK (6762 JT), TIS Inc (3626 JT), NTT Data (9613 JT), Eizo Corp (6737 JT), Astellas (4503 JT), Casio (6952 JT), Keyence (6861 JT), M3 Inc (2413 JT), Wacom (6727 JT)
Main Points
• Nikkei falls amid growing China credit concerns
• Impressive Dec quarter results from IC / PC / SPE supply chain companies
• Murata 3Q OP breaks ¥100bil barrier
• NEC 3Q OP ¥62bil +101% YoY
• KDDI 3Q OP -2% YoY
• TDK 3Q FY20 OP +12% YoY
• TIS Inc: 3Q preview
• Friday results round-up

29/01/2021 8 EN

Provider

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.

See profile

Analysts

Lindsay Whipp

Pelham Smithers

Other Reports from Pelham Smithers Associates Ltd

Hiroyuki Terada ... (+8)

Hiroyuki Terada
Joel Scheiman
Julie Boote
Lindsay Whipp
Nia Dokova
Pelham Smithers
Thao Nguyen
William Nestuk

The PSA Research Round-Up for the Week to 2 May 2025

Weekly Comment Summary The Bank of Japan’s decision to leave interest rates unchanged is understandable in light of the tariff situation, but problematic in terms of the inflation situation, says Pelham Smithers PSA Company Visits, Tours and Interviews  Visited: CUC (9158 JT)  1:1 Calls with: M&A Capital Partners (6080 JT), Insource (6200 JT), TKP (3479 JT), Smaregi (4431 JT), Nidec (6594 JT)  Presentations at: M&A Research Institute (9552 JT), CUC (9158 JT), TDK (6762 JT), Tokuyama Corp (4043 JT), Hoya Corp (7741 JT), Sekisui Chemical (4204 JT), ZOZO (3092 JT) PSA in the Press  Pe...

36m 36m 1 EN

PSA Today 2 May: US China talks? / Japan US trade talks Part 2 / MSFT Xbox price raised / US auto scramble / Daikin 5-wk high / DeNA FY24 preview / DTS strong outlook / Genki Nxera – Nikkei 225 +1.04%

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk, Thao Nguyen, Lindsay Whipp and Nia Dokova Tags: Rakuten Bank (5838 JT), SBI Sumishin (7163 JT), DTS (9682 JT), JVCKenwood (6632 JT), Coca-Cola Bottlers Japan (2579 JT), Seiko Epson (6724 JT), Daito Trust (1878 JT), Japan Airlines (9201 JT), Itoham Yonekyu (2296 JT), Marubeni (8002 JT), Itochu (8001 JT), Mitsubishi Corp (8058 JT), Microsoft (MSFT US), Sony (6758 JT), Nintendo (7974 JT), Take Two (TTWO US), Ford Motor (F US), Mazda Motor (7261 JT), Honda Motor (7267 JT), Toyota Motor (7203 JT), Subaru (7270 JT), Da...

4h / 13m 4h / 13m 1 EN

Lindsay Whipp

Lindsay Whipp

PSA Research & Consulting Services: BayCurrent (6532 JT) Update 2025

BayCurrent (6532 JT) is a pure-play Japanese IT and management consultancy company which is growing sales faster than the broader market, thanks to robust hiring, and a strategy of increasing the number of its core clients. Increasing hiring by around +20% YoY is limiting utilisation growth, but we expect gradual improvement from FY26. Spending on IT is a long-term investment in efficiency and a solution to labour shortages, both of which need addressing in Japan. This places IT Service sector companies like BayCurrent in demand.

22h / 4m 22h / 4m 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

PSA Today Jan 29: China credit concerns / Electronic supply chain results strong / Murata busts out above Y100bil OP / NEC: relief / Considering KDDI / TDK Q3 / TIS Q3 preview / Friday results round-up – Nikkei -1.89%

The PSA Research Round-Up for the Week to 2 May 2025

PSA Today 2 May: US China talks? / Japan US trade talks Part 2 / MSFT Xbox price raised / US auto scramble / Daikin 5-wk high / DeNA FY24 preview / DTS strong outlook / Genki Nxera – Nikkei 225 +1.04%

PSA Research & Consulting Services: BayCurrent (6532 JT) Update 2025

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe