PSA Today Mar 26: Covid-19 hitting home / The LBP model and Covid-19 / Comments on Asahi Kasei, W-Scope, JSR / Soaring Daifuku / IHI subsides - Nikkei -4.51%
Japan Market Comment by Pelham Smithers, Joel Scheiman and William NestukNikkei ¥18,664.60 (-¥882.03 / -4.51%); Topix ¥1,399.32 (-¥25.30 / -1.78%); ¥/$110.62
Tags: TDK (6762 JT), Marubeni (8002 JT), SoftBank Group (9984 JT), Dentsu (4324 JT), Askul (2678 JT), LINE (3938 JT), Demae-Can (2484 JT), V-Cube (3681 JT), Daitobo (3202 JT), Airtech Japan (6291 JT), Helios Techno Holding (6927 JT), NTT (9432 JT), NTT DOCOMO (9437), KDDI (9433 JT), Nintendo (7974 JT), Asahi Holdings (2502 JT), Kirin Brewery (2503 JT), HP (HPQ US), Canon (7751 JT), Ricoh (7752 JT), Sharp (6753 JT), Kyocera (6971 JT), Fujifilm Holdings (4901 JT), Xerox (XRX US), Konica Minolta (4902 JT), Seiko Epson (6724 JT), Brother (6448 JT), Asahi Kasei (3407 JT), Zoll Medical Corporation (US, pvt.), Fukuda Denshi (6960 JT), Nipro Corporation (8086), Hoshi Iryo-Sanki (7634 JT), Sumitomo Chemical (4005 JT), JSR (4185 JT), W-Scope (6619), Daifuku (6383 JT), Toyota (7203 JT), Mazda (7267 JT), Fast Retailing (9983 JT), IHI (7013 JT), Imabari Shipbuilding (unl.), JFE (5411 JT), Hitachi Zosen (7004 JT)
Main Points
• Nikkei down as Covid-19 hits home
• Does Covid-19 end the LBP business model?
• Asahi Kasei firms on ventilator ramp
• JSR hit by weak tire demand
• W-Scope faces a potential credit crunch
• Daifuku up 7th day for 34% gain
• IHI off from yesterday’s shipbuilding bounce
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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