PSA Today May 11: Risk-on trade continues / Sony in China / Rohm's 4Q / Minebea Mitsumi squeezes shorts / iStyle revises down again - Nikkei +1.05%
Japan Market Comment by Pelham Smithers, William Nestuk and Thao NguyenNikkei ¥20,390.66 (+¥211.57 / +1.05%); Topix ¥1,480.62 (+¥22.34 / +1.53%); ¥/$107.22
Tags: Kawasaki Kisen (9107 JT), NEC (6701 JT), Capcom (9697 JT), Nintendo (7974 JT), Nexon (3659 JT), CyberAgent (4751 JT), Alps Alpine (6770 JT), Coupang (pvt), Sharp (6753 JT), Shionogi (4507 JT), Chugai Pharmaceutical (4519 JT), Sony (6758 JT), Huawei (pvt), Rohm (6963 JT), Murata (6981 JT), Minebea Mitsumi (6479 JT), istyle (3660 JT)
Main Points
• Broad market rally, as risk-on trade continues
• PlayStation store suspended in China
• Rohm 4Q OP ¥3.2bil -29% YoY
• Minebea-Mitsumi monthly sales for April flat YoY
• istyle revises down again
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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