- Julie Boote
- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
PSA Today Sep 10: Risk back on / Auto's firm on yen; Saikawa stepping down seen as a positive for Nissan / Miraial's weak guidance / Nexon's M&A and buybacks / transcosmos takes stake in Toshiba's HR subsidiary – Nikkei +0.35%
Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, Thao Nguyen and Lindsay WhippNikkei ¥21, 392.10 (+¥73.68 / +0.35%); Topix ¥1,557.99 (+¥6.88 / +0.44); ¥/$107.35
Tags: SBI Holdings (8473 JT), Daiichi Sankyo (4568 JT), NSK (6471 JT), Okuma (6103 JT), THK (6481 JT), OSG (6136 JT), Mazda (7261 JT), Mitsubishi Motors (7211 JT), Subaru (7270 JT), Nissan (7201 JT), Renault (RNO FP), Miraial (4238 JT), Shin-Etsu Polymer (7970 JT), Sumco (3436 JT), Shin-Etsu Chemical (4063 JT), Nexon (3659 JT), transcosmos (9715 JT), Toshiba (6502 JT)
Main Points
• Sense of risk back on
• Auto stocks outperform on weak yen; Nissan CEO Saikawa resignation
• Miraial issues weak guidance, cuts dividend
• Nexon acquires a stake in Wonder Holdings and announces buyback program details
• transcosmos to buy majority stake in Toshiba HR subsidiary
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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