PSA Today May 18: Japan CPI Sends Yen Lower and Market Higher / China Approves Toshiba Memory Sale / Layoffs at Sony Pictures / SMC Rallies / Kakaku.com Results Fall Short – Nikkei +0.4%
Japan Market Comment by Pelham Smithers, William Nestuk and Thao NguyenNikkei ¥22,930.36 (+¥91.99 / +0.40%); Topix ¥1,815.25 (+¥6.88/ +0.38%); ¥/$110.85
Tags: Inpex (1605 JP), Taiyo Yuden (6976 JP), Murata (6981 JP), Metaps (6172 JP), SBI Holdings (8473 JP), Remixpoint (3825 JP), Bandai Namco (7832 JP), Capcom (9697 JP), Square Enix (9684 JP), Konami (9766 JP), Nexon (3659 JP), CyberAgent (4751 JP), Nippon Steel (5401 JP), Toyo Tire (5105 JP), Takara (2531 JP), Japex (8697 JP), Sharp (6753 JP), Sekisui Chemical (4204 JP), Lixil (5938 JP), Toshiba (6502 JP), SK Hynix (000660 KS), Mitsui OSK (9104 JP), Sony (6758 JP), Nabtesco (6268 JP), SMC (6273 JP), Kakaku.com (2371 JP)
Main Points at a Glance:
• Japan CPI was just 0.6% YoY in April, sending yen lower and stock market higher
• China approves Toshiba Memory sale
• Sony takes scalpel to film / TV business.
• Automation higher; SMC rallies
• Kakaku.com’s FY17 Results Missed Guidance
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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