PSA Today Sep 9: Sliding, holding 30k / Miraial surge / Sony buys Firesprite, Canon buys Redlen / Aug's machine tool orders / Slowing Switch sales – Nikkei 225 -0.57%
Japan Market Comment by Pelham Smithers, Joel Scheiman, William Nestuk and Alex BooteTags: Tokyo Electric Power (9501 JT), Yakult (2267 JT), Miraial (4238 JT), i-Mobile (6535 JT), DMG Mori (6141 JT), Takatori Corp (6338 JT), Enish (3667 JT), Shin-Etsu Polymer (7970 JT), Sumco (3436 JT), Sony (6758 JT), Canon (7751 JT), Nintendo (7974 JT), SMC (6273 JT), Fanuc (6954 JT)
Main Points
• Nikkei slides but holds 30,000 level as politicians jockey for votes
• Miraial surges on strong semiconductor demand
• Sony acquires Firesprite, Canon acquires Redlen
• The slowing of Nintendo Switch sales
• Firm August machine tool orders -6% MoM (+86% YoY) from July’s 34-month 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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