PSA Today Oct 6: Fears recede / Jig-Saw and Plunk tie-up / Sony, Kioxia, Huawei and Washington / SoftBank and "KK" / Hino boosted by two new technology stories / Daikin sags on weak FY21 guidance – Nikkei +0.52%
Japan Market Comment by Pelham Smithers, Julie Boote and William NestukNikkei ¥23,433.73 (+¥121.59 / +0.52%); Topix ¥1,645.75 (+¥8.50 / +0.52%); ¥/$105.56
Tags: Hino Motors (7205 JT), Toyota Motor (7203 JT), NEC (6701 JT), Smaregi (4431 JT), Jig-Saw (3914 JT), Splunk (SPLK US), Disco (6146 JT), Kioxia, Microsoft (MSFT US), VMWare (VMW US), Sony (6758 JT), Western Digital (WDC US), SoftBank Group (9984 JT), Softbank Corp (9434 JT), GMO Internet (9449 JT), GMO Payment Gateway (3769 JT), Sprint, Brightstar, SBI Holdings (8473 JT), Hexagon Group (HEX NO), Xos Trucks, Traton AG, VW (VOW GR), Volvo Trucks, AB Volvo (VOLVB SS) Daimler (DAI GR), Hyundai Motor (005830 KS), Tesla (TSLA US), Nikola (NKLA US), Daikin (6367 JT), Fujitsu General (6755 JT)
Main Points
• Topix makes further headway as fears recede
• Jig-Saw / Plunk tie up underscores different business models
• Sony, Kioxia seek US approval to sell chips to Huawei
• SoftBank’s stake in “KK” falls to 40%
• Two stories: Hino presents Zero Emission Vehicle project; cooperation with Toyota on fuel cell trucks in the US
• Daikin sags on weak FY21 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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