PSA Today Jun 24: Covid clusters and fiscal spending concerns sends market lower / Video game stock strategy / Denso helped by China hybrid move / More RAV4 production / Cashless at 26.8% / Pacey Cybozu – Nikkei -0.07%
Japan Market Comment by Pelham Smithers, William Nestuk, Thao Nguyen and Lindsay WhippNikkei ¥22,534.32 (-¥14.73 / -0.07%); Topix ¥1,580.50 (-¥6.64 / -0.42%); ¥/$106.51
Tags: I-O Data Device (6916 JT), Cross Cat (2307 JT), eGuarantee (8771 JT), Raccoon Holdings (3031 JT), Olympus (7733 JT), Japan Industrial Partners (pvt), Sony (6758 JT), Square Enix (9684 JT), Mixi (2121 JT), GungHo Online Entertainment (3765 JT), Konami Holdings (9766 JT), Koei Tecmo (3635 JT), Nintendo (7974 JT), MinebeaMitsumi (6479 JT), Microsoft (MSFT US), Nexon (3659 JT), CyberAgent (4751 JT), Capcom (9697 JT), Gree (3632 JT), Bandai Namco (7832 JT), Colopl (3668 JT), Gumi (3903 JT), Sega Sammy (6460 JT), Denso (6902 JT), Honda (7267 JT), Toyota (7203 JT), Toyota Industries (6201 JT), SoftBank Group (9984 JT), SoftBank Corp (9434 JT), Z Holdings (4689 JT), Rakuten (4755 JT), Cybozu (4776 JT)
Main Points
• Nikkei slides on Covid clusters, fiscal spending concerns
• Video game stock strategy for H2 2020
• Denso rises on China’s preferential treatment of hybrids
• RAV4 to see boosted production
• Japan’s cashless penetration rate reaches 26.8%
• Cybozu OP sales past bottom end of FY20 full-year guidance in 5 months
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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