Pelham Smithers Associates Ltd - PSA Today Mar 2: A slide over China liquidity worries / Q4 Corporate software spend rebounds / BoJ as a meme stock / Toyota sells FC modules to other operators / RAV4 fire issue / Money Forwards timely investment – Nikkei -0.86%

Report

Pelham Smithers Associates Ltd

Julie Boote ...

Lindsay Whipp
Pelham Smithers
William Nestuk

PSA Today Mar 2: A slide over China liquidity worries / Q4 Corporate software spend rebounds / BoJ as a meme stock / Toyota sells FC modules to other operators / RAV4 fire issue / Money Forward's timely investment – Nikkei -0.86%

Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk and Lindsay Whipp
Nikkei ¥29,408.17 (-¥255.33 / -0.86%); Topix ¥1,894.85 (-¥7.63 / -0.40%); ¥/$106.84
Tags: Chugai Pharmaceutical (4519 JT), Ono Pharmaceutical (4528 JT), Z Holdings (4689 JT), Mercari (4385 JT), Alibaba (9988 HK), Beenos (3328 JT), Shopee, BASE Inc (4477 JT), Artiza Networks (6778 JT), Anritsu (6754 JT), Comsys (1721 JT), NEC (6701 JT), Hitachi (6501 JT), PKSHA (3993 JT), TIS Inc (3626 JT), Nomura Research Institute (4307 JT), NTT Data (9613 JT), Bank of Japan (8301 JT), Google (GOOG US), Amazon (AMZN US), Facebook (FB US), Toyota Motor (7203 JT), Toyota Industries (6201 JT), Money Forward (3994 JT), JAFCO (8595 JT), Voyage Ventures
Main Points
• Market slides over China liquidity worries
• Corporate software spend rebounds in Q4 2020
• The last time Bank of Japan was a “meme stock”
• Toyota sells fuel cell modules to other operators
• RAV4 engine fire issue for old model
• Money Forward fund invests in a remote customer service start-up

02/03/2021 1 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

Julie Boote

Lindsay Whipp

Pelham Smithers

William Nestuk

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PSA Today Mar 2: A slide over China liquidity worries / Q4 Corporate software spend rebounds / BoJ as a meme stock / Toyota sells FC modules to other operators / RAV4 fire issue / Money Forward's timely investment – Nikkei -0.86%

PSA Today 28 Apr: Sentiment uptick / FY24s for Hitachi, NEC / Socionext woes / TDK, Komatsu: weak FY25 guidance / Toyota Industries to be taken private? / JMDC preview / CUC FY25 guidance conservative – Nikkei 225 +0.38% | ¥$143.83

The PSA Research Round-Up for the Two-Week Period Covering 11~25 April 2025

PSA Broadline Retail: Treasure Factory (3093 JT): Inbound Sales Still Solid in Q1

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