Pelham Smithers Associates Ltd - PSA today Jul 26: Strong bull and bear factors in play / Crackdown on Chinas internet and online tutoring/ Chugais Q2 / Negative reaction to Nidecs guidance / Obics Q1 – Nikkei +1.04%

Report

Pelham Smithers Associates Ltd

Alexander Boote ...

Julie Boote
Lindsay Whipp
Pelham Smithers
Thao Nguyen

PSA today Jul 26: Strong bull and bear factors in play / Crackdown on China's internet and online tutoring/ Chugai's Q2 / Negative reaction to Nidec's guidance / Obic's Q1 – Nikkei +1.04%

Japan Market Comment by Pelham Smithers, Julie Boote, Thao Nguyen, Lindsay Whipp and Alex Boote
Tags: Toray (3402 JT),Nippon Steel (5401 JT),Tokyo Steel (5423 JT), Nidec (6594 JT), Shionogi (4507 JT), SoftBank Group (9984 JT), Didi (DIDI US), CyberAgent (4751 JT),Tencent (700 HK), Alibaba (BABA US), NetEase (9999 HK), Ant Financial, ByteDance, MiHoYo, M3 (2413 JT), New Oriental Education & Technology Group (9901 HK), TAL Education Group (TAL US), Gaotu Techedu Inc. (GOTU US), Chugai Pharmaceutical (4519 JT), Stellantis (STLA US), Hon Hai Technology Group (2317 TT), Obic (4684 JT), Oracle Corp Japan (4716 JT)
Main Points
• China worries dampen sentiment boosted by Wall St, Olympics
• China widens internet crackdown
• China cracks down on online tutoring
• Chugai 2Q OP +42% YoY
• Nidec shares fall on unchanged guidance
• Obic fails to raise sales in FY21 Q1

26/07/2021 6 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

Alexander Boote

Julie Boote

Lindsay Whipp

Pelham Smithers

Thao Nguyen

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PSA today Jul 26: Strong bull and bear factors in play / Crackdown on China's internet and online tutoring/ Chugai's Q2 / Negative reaction to Nidec's guidance / Obic's Q1 – Nikkei +1.04%

The PSA Research Round-Up for the Week to 4 July 2025

PSA Today 4 July: Tariff dread, US hol curb market / May household spend / Switch 2 availability / Yaskawa cuts FY25 OP / Askul woes / Intermestic June KPIs – Nikkei 225 +0.06% | ¥$144.26

PSA Today 3 July: Waiting on trade talks / Subaru and tariffs / Previewing Shift FY25 Q3 – Nikkei 225 +0.06% | ¥$143.91

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