reports
- Hiroyuki Terada
- Joel Scheiman
- Julie Boote
- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
- William Nestuk
The PSA Research Round-Up for Week to 16 January 2026
Weekly Comment Summary The benchmark of an auto-stock-trading-as-a-tech-stock is of course Tesla. This week Hyundai Motors seems to have been given a rerating as the market is now focusing more on its advances in new tech than its ability to build automobiles. Analyst Julie Boote discusses the value AI can create for the large automakers. While success will depend on the smooth integration of software / AI into automakers’ fleets, there is also the question of whether robotics can generate a s...
- Hiroyuki Terada
- Joel Scheiman
- Julie Boote
- Pelham Smithers
- Thao Nguyen
PSA Today 16 Jan: Consolidation / Video games round-up / Harry Styles,...
PSA Today Japan Market Comment by Pelham Smithers, Joel Scheiman, Julie Boote, Hiroyuki Terada and Thao Nguyen Tags: TSMC (2330 TT), Rorze (6323 JT), Screen (7735 JT), Ferrotec (6890 JT), Nitto Boseki (3110 JT), Resonac (4004 JT), Hoya (7741 JT), Tokyo Electron (8035 JT), Kioxia (285A JT), Tokyo Seimitsu (7729 JT), Modec (6269 JT), Toyo Engineering (6330 JT), Money Forward (3994 JT), BayCurrent (6532 JT), Shift (3697 JT), Sanrio (8136 JT), McDonalds Japan (2702 JT), Capcom (9697 JT), Sony (67...
- Pelham Smithers
PSA Semiconductors: Memory Prices Continue to Rise
The new year has seen a continuation in the rise in memory chip prices, even though, seasonally, we should expect some weakness. In this note, which is a recap of the articles and reports over the first two weeks of trading for 2026, in descending chronological order, Pelham Smithers outlines the pricing trends and highlights beneficiaries and those who are likely to get squeezed unless they too can raise prices.
- Julie Boote
- Joel Scheiman
- Julie Boote
- Lindsay Whipp
- Pelham Smithers
PSA Today 15 Jan: Rotation into cyclicals / Politics at play again / S...
PSA Today Japan Market Comment by Pelham Smithers, Joel Scheiman, Julie Boote and Lindsay Whipp Tags: Daiichi Kigenso (4082 JT), Toyo Engineering (6330 JT), Envipro (5698 JT), Rasa Corp (3023 JT), Toho Zinc (5707 JT), Fuji Die (6167 JT), Mitsui Kinzoku (5706 JT), ARE Holdings (5857 JT), Dowa Mining (5714 JT), Mitsui & Co (8031 JT), Iwatani Corp (8088 JT), Mitsubishi Corp (8058 JT), Advantest (6857 JT), Disco (6146 JT), Renesas (6723 JT), Kioxia (285A JT), JX Advanced Metals (5016 JT), Shin-Et...
- Hiroyuki Terada
- Joel Scheiman
- Julie Boote
- Pelham Smithers
- Thao Nguyen
PSA Today 14 Jan: Day-trader dream market / Kioxia outlook as memory ...
PSA Today Japan Market Comment by Pelham Smithers, Joel Scheiman, Julie Boote, Thao Nguyen and Hiroyuki Terada Tags: Kioxia (285A JT), SanDisk (SNDK US), Disco (6146 JT), JX Advanced Metals (5016 JT), Dexerials (4980 JT), Daiichi Kigenso Kagaku Kogyo (4082 JT), Toyo Engineering (6330 JT), Toho Zinc (5707 JT), Envipro (5698 JT), Japan Petroleum Exploration (1662 JT), Iwatani Corp (8088 JT), Dentsu (4324 JT), Dentsu Soken (4182 JT), Omnicom (OMC US), Publicis (PUB FP), Disney (DIS US), WPP (WPP...
- Hiroyuki Terada
- Julie Boote
- Lindsay Whipp
- Pelham Smithers
PSA Today 13 Jan: New highs on N225 / Perfect storm hits Japan's bond...
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Lindsay Whipp and Hiroyuki Terada Tags: Daiichi Kigenso Kagaku (4082 JT), Japan Petroleum Exploration (1662 JT), Toho Zinc (5707 JT), Furukawa (5715 JT), Furukawa Electric (5801 JT), Dowa Mining (5714 JT), Kioxia (285A JT), SanDisk (SNDK US), Toyota Motor (7203 JT), Subaru (7270 JT), Hyundai Motor (005380 KS), Nvidia (NVDA US), Nintendo (7974 JT), Sony (6758 JT), Konami (9766 JT), Square Enix (9684 JT), Bandai Namco (7832 JT), Nex...
- Pelham Smithers
PSA Consumer Electronics: The Memory Trap – Outlook for Sony in 2026
Thanks to higher memory prices, Sony has a tough couple of years ahead, which is a pity, because the firm’s achievements in FY25 should have set it on a path to solid earnings growth in both years. Problematically, Sony is now heavily exposed to decisions by others – notably Apple’s iPhone pricing – and the outlook could be considerably worse than Pelham Smithers outlines in this earnings preview for FY25 and beyond.
- Hiroyuki Terada
- Joel Scheiman
- Julie Boote
- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
- William Nestuk
The PSA Research Round-Up for Week to 9 January 2026
Weekly Comment Summary The new year has seen a continuation in the rise in memory chip prices, even though, seasonally, we should expect some weakness. But what if prices continue to rise? Pelham Smithers discusses. PSA Weekly Contents at a Glance Reports / Flash Notes Summaries 1. 2026 Japan Perspective / PSA Focus List for 2026 Q1 Company / Sector / Thematic Comments Technology: Consumer Electronics, Gaming 1. Sony’s Memory Chip Problem 2. Anaconda Movie G...
- Hiroyuki Terada
- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
- William Nestuk
PSA Today 9 Jan: Weak yen sees volatile week close up / Switch 2's str...
PSA Today Japan Market Comment by Pelham Smithers, William Nestuk, Thao Nguyen, Lindsay Whipp and Hiroyuki Terada Tags: Mazda Motor (7261 JT), Isuzu Motors (7202 JT), Daido Steel (5471 JT), Tokyo Steel (5423 JT), Toho Zinc (5707 JT), Japan Petroleum (1662 JT), Fast Retailing (9983 JT), Aeon (8267 JT), Zozo (3092 JT), Isetan Mitsukoshi (3099 JT), Coherent (COHR US), Nvidia (NVDA US), Fujikura (5803 JT), Ibiden (4062 JT), Micron (MU US), SanDisk (SNDK US), Kioxia (285A JT), Renesas (6723 JT), Roh...
- Joel Scheiman
- Julie Boote
- Lindsay Whipp
- Pelham Smithers
- William Nestuk
PSA Today 8 Jan: Sold off again on China concerns / Wage growth data /...
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk, Lindsay Whipp and Hiroyuki Terada Tags: Toyo Engineering (6330 JT), Shin-Etsu Chemical (4063 JT), Sumitomo Seika (4008 JT), Sumco (3436 JT), Nippon Sanso (4091 JT), Lasertec (6920 JT), Tokyo Electron (8035 JT), Kokusai Electric (6525 JT), Screen Holdings (7735 JT), Renesas (6723 JT), Kioxia (285A JT), Howa Machinery (6203 JT), MHI (7011 JT), Japan Steel Works (5631 JT), KHI (7012 JT), Sony (6758 JT), ...
- Hiroyuki Terada
- Julie Boote
- Pelham Smithers
- Thao Nguyen
PSA Today 7 Jan: Lower on Beijing export ban / Japan Services PMI fall...
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Thao Nguyen and Hiroyuki Terada Tags: Toyo Engineering (6330 JT), Ryohin Keikaku (7453 JT), SanDisk (SNDK US), Micron (MU US), Kioxia (285A JT), Kokusai Electric (6525 JT), Renesas (6723 JT), Microchip (MCHP US), Texas Instruments (TXN US), Nintendo (7974 JT), Sony (6758 JT), TDK (6762 JT), Alps Alpine (6770 JT), Nvidia (NVDA US), Daikin (6367 JT), Hitachi (6501 JT), Mitsubishi Electric (6503 JT), Nidec (6594 JT), Toyota Motor (720...
- Hiroyuki Terada
- Joel Scheiman
- Julie Boote
- Pelham Smithers
PSA Today 6 Jan: Nikkei 225 hits record high / 2026 outlook for Japan ...
PSA Today Japan Market Comment by Pelham Smithers, Joel Scheiman, Julie Boote and Hiroyuki Terada Tags: Hitachi (6501 JT), NEC Corp (6701 JT), Mitsubishi Materials (5711 JT), Sumco (3436 JT), Kokusai Electric (6525 JT), Kioxia (285A JT), Ibiden (4062 JT), Sumitomo Electric (5802 JT), Fujikura (5803 JT), Nittestu Mining (1515 JT), Japan Pulp & Paper (8032 JT), Chugai Pharmaceutical (4519 JT), Novo Nordisk (NOVOB DC), Eli Lilly (LLY US), Takashimaya (8233 JT), Shiseido (4911 JT), Chubu EP (9502 J...
- Pelham Smithers
- Joel Scheiman
- Julie Boote
- Lindsay Whipp
- Pelham Smithers
- William Nestuk
PSA Today 5 Jan: Year of the Horse 2026 gallops ahead / Dec Manuf'g PM...
PSA Today Japan Market Comment by Pelham Smithers, Joel Scheiman, Julie Boote, William Nestuk and Lindsay Whipp Tags: IHI (7013 JT), MHI (7011 JT), KHI (7012 JT), Japan Steel Works (5631 JT), NEC Corp (6701 JT), Kioxia (285A JT), Kokusai Electric (6525 JT), Advantest (6857 JT), Shift (3697 JT), Mercari (4385 JT), BayCurrent (6532 JT), Infomart (2492 JT), Oracle Corp Japan (4716 JT), Techmatrix (3762 JT), Dentsu Soken (4812 JT), KLab (3656 JT), Anycolor (5032 JT), Nexon (3659 JT), Electronic Ar...
- Pelham Smithers
PSA Market Strategy: 2026 Japan Perspective and PSA Focus List for 202...
Welcome to our 2026 Japan Perspective, our 17th annual preview of the year ahead for Japan and the Japanese stock market. Much as 2024 proved to be a repeat of 2004, 2025 – at least up until the last few weeks – has proved to be a repeat of 2005. So, will 2026 extend the run and be a repeat of 2006, a more measured year than its predecessors, one that rewarded stock picking and timing over "buy and hold"? What is the outlook for the Japanese economy? Having selected Sanae Takaichi as the countr...
- Pelham Smithers
PSA Research Round-Up for 22-30 December 2025
PSA Research Round-Up for 22-30 December 2025 Reports, Macro and Company Insights Weekly comment by Pelham Smithers Although this is the season “to be jolly”, with bears prowling the streets of Japan, it may make more sense to look for negatives. So for this week we highlight six potential “short” ideas for 2026.
- Pelham Smithers
PSA Today 29 Dec: Higher metal prices the focus / Japan targeting firs...
PSA Today Japan Market Comment by Pelham Smithers Tags: Sumitomo Metal Mining (5713 JT). Mitsui Kinzoku (5706 JT), Mitsubishi Materials (5711 JT), Toho Zinc (5707 JT), Dowa Mining (5714 JT), Itochu (8001 JT), Mitsui & Co (8031 JT), Toyo Engineering (6330 JT), Fujikura (5803 JT). Sumitomo Electric (5802 JT), Japan Steel Works (5631 JT), Ibiden (4062 JT), Kioxia (285A JT), Tokyo Seimitsu (7729 JT), Kokusai Electric (6525 JT), Sony (6758 JT) Main Points Mixed session for Japanese equities as h...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.