PSA Today July 10: Global angst / Inflation? / Projecting NEC's earnings; exciting / MonotaRO June sales / EV tires from Bridgestone / Flooding disruption to production / Yaskawa's Q1 – Nikkei -1.06%
Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman and William NestukNikkei ¥222,90.81 (-¥238.48 / -1.06%); Topix ¥1,535.20 (-¥22.04 / -1.42%); ¥/$106.84
Tags: BASE Inc (4477 JT), Mercari (4385 JT), Medley (4480 JT), AI Inside (4488 JT), Optim (3694 JT), Bengo4.com (6027 JT), Canon (7751 JT), Konica Minolta (4902 JT), Nikon (7731 JT), Kyushu Railway (9142 JT), Tokyu Corp (9005 JT), West Japan Railway (9021 JT), East Japan Railway (9020 JT), Seibu Holdings (9024 JT), Aoyama Trading (8219 JT), Takashimaya (8233 JT), J Front (3086 JT), Xebio Holdings (8281 JT), Wacoal Holdings (3591 JT), St Marc Holdings (3395 JT), VIA Holdings (7918 JT), Tsukada Global Holdings (2418 JT), Fujifilm Holdings (4901 JT), NEC (6701 JT), Transgene (TNG FP), SomaLogic (pvt), MonotaRO (3064 JT), M3 Inc (2413 JT), Bridgestone (5108 JT), VW (VOW GR), Continental (CON GR), Nokian (TYRES FH), Michelin (ML FP), Tokai Carbon (5301 JT), Mitsui Chemicals (4183 JT), Mitsui Mining & Smelting (5706 JT), Denka (4061 JT), Toyota (7203 JT), TDK (6762 JT), Yaskawa Electric (6506 JT), Apple (US AAPL), Midea Group (000333 CH), KUKA (KU2 GY)
Main Points
• Global concerns drag Tokyo down
• PPI +0.6% MoM, higher than expected
• NEC in SomaLogics tie up
• MonotaRO June sales +31% YoY
• Flooding disrupts business in southern Japan
• Bridgestone develops EV-specific tyre
• Yaskawa Q1 OP (-21% YoY) unlikely to boost machinery sector
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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