PSA Today May 19: Risk-on and pro cyclical, for now / Sony's new AI chip / Sony buying out Sony Financial minorities / Our prescription for SoftBank / 4Q at SRE / Toyota's new crossover / Daifuku hits listing high – Nikkei +1.49%
Japan Market Comment by Pelham Smithers, Julie Boote and William NestukNikkei ¥20,433.45 (+¥299.72 / +1.49%); Topix ¥1,486.05 (+¥26.76 / +1.83%); ¥/$107.39
Tags: Moderna (MRNA US), SoftBank Group (9984 JT), Uber (UBER US), Panasonic (6752 JT), Subaru (7270 JT), Foster Electric (6794 JT), Sony (6758 JT), Sony Financial (8729 JT), Hitachi (6501 JT), Hitachi Capital (8586 JT), Ricoh (7752 JT), Ricoh Leasing (8566 JT), SoftBank Corp (9434 JT), Z Holdings (4689 JT), ZOZO Inc (3092 JT), LINE Corp (3938 JT), Askul Corp (2678 JT), KDDI (9433 JT), Rakuten Inc (4755 JT), WeWork (pvt), Alibaba (BABA US), T-Mobile (TMUS US), Nvidia (NVDA US), Berkshire Hathaway (BRK/B US), Paytm (pvt), Naver (035420 KS), SRE Holdings (2980 JT), Toyota Motor (7203 JT), Daifuku (6383 JT)
Main Points
• Nikkei rallies on Moderna vaccine news
• Sony advances video AI with new chip
• Sony is buying out the Sony Financials minority holders
• Suggestion for what SoftBank might do next
• SRE Holdings 4Q OP ¥0.3bil
• Toyota launches new crossover in the US
• Daifuku hits listing high
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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