Pelham Smithers Associates Ltd - PSA Today Mar 26: A boost from Powell and Biden / JSRs strategy / ASEAN auto markets / Auto component suppliers and FY21 / Up and up for Freee / Cybozu in expansion push – Nikkei +1.56%

Report

Pelham Smithers Associates Ltd

Joel Scheiman ...

Julie Boote
Lindsay Whipp
William Nestuk

PSA Today Mar 26: A boost from Powell and Biden / JSR's strategy / ASEAN auto markets / Auto component suppliers and FY21 / Up and up for Freee / Cybozu in expansion push – Nikkei +1.56%

Japan Market Comment by Joel Scheiman, Julie Boote, William Nestuk and Lindsay Whipp
Nikkei ¥29,176.70 (+¥446.82 / +1.56%); Topix ¥1,984.16 (+¥28.61 / +1.46%); ¥/$109.26
Tags: Advantest (6857 JT), Hoya (7741 JT), Lasertec (6920 JT), Nintendo (7974 JT), Minebea Mitsumi (6479 JT), Sony (6758 JT), Isuzu Motors (7202 JT), Hino Motors (7205 JT), IHI (7013 JT), MHI (7011 JT), Boeing (BA US), Misumi (9962 JT), MonotaRO (3064 JT), Capcom (9697 JT), Mark-on, AI Inside (4488 JT), GMO Media (6180 JT), JSR (4185 JT), Shin-Etsu Chemical (4063 JT), Tokyo Ohka Kogyo (4186), Toyota Motor (7203 JT), Renesas (6723 JT), Freee KK (4478 JT), Cybozu (4776 JT)
Main Points
• Comments from Powell and Biden boost markets
• JSR’s strategy looks solid but not surprising
• ASEAN auto markets remain under pressure
• FY21 guidance from auto component suppliers likely flattered by weaker Q4 FY20
• Freee surges following share sale details
• Cybozu to borrow up to ¥1bil in expansion push

26/03/2021 4 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

Joel Scheiman

Julie Boote

Lindsay Whipp

William Nestuk

Other Reports from Pelham Smithers Associates Ltd

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.

11h / 2m 11h / 2m 1 EN

Pelham Smithers

Pelham Smithers

PSA Media & Entertainment: Square Enix (9684 JT) – Back in Play

An activist investor in Square Enix is causing the market take note of a business that is on the up, aided by improved game development efficiency and growing profitability of its non-video game businesses. While we are sceptical about the success of the activism, it does add a call option element to the stock which is arguably offering attractive valuations, explains Pelham Smithers.

11h / 19m 11h / 19m 1 EN

Hiroyuki Terada ... (+6)

Hiroyuki Terada
Joel Scheiman
Julie Boote
Nia Dokova
Pelham Smithers
Thao Nguyen

PSA Today 1 May: Gains as BoJ leaves rates unch, dollar, bonds up / Genki Hoya / ZOZO FY24, FY25 guidance miss / Healthcare round-up / Nxera interest / Insource April KPIs – Nikkei 225 +1.13% | ¥$144.48

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, Thao Nguyen, Nia Dokova and Hiroyuki Terada Tags: Microsoft (MSFT US), Advantest (6857 JT), Socionext (6526 JT), Disco (6146 JT), Hitachi (6501 JT), Hoya (7741 JT), Murata (6981 JT), Alps Alpine (6770 JT), Mitsui OSK Lines (9104 JT), Toyota Motor (7203 JT), Daihatsu (unlisted), Hino Motors (7205 JT), Aisin Corp (7259 JT), Denso (6902 JT), Sony (6758 JT), Nintendo (7974 JT), ZOZO (3092 JT), Olympus (7733 JT), Medtronic (MDT US), Sysmex (6869 JT), Terumo (4543 JT), Medis Medical Imaging (pvt), Nxera Pharma (4565 JT)...

17h / 8m 17h / 8m 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 Mar 26: A boost from Powell and Biden / JSR's strategy / ASEAN auto markets / Auto component suppliers and FY21 / Up and up for Freee / Cybozu in expansion push – Nikkei +1.56%

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

PSA Media & Entertainment: Square Enix (9684 JT) – Back in Play

PSA Today 1 May: Gains as BoJ leaves rates unch, dollar, bonds up / Genki Hoya / ZOZO FY24, FY25 guidance miss / Healthcare round-up / Nxera interest / Insource April KPIs – Nikkei 225 +1.13% | ¥$144.48

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