Loading...
PSA2021-07-21T13:12:10+00:00

If you are interested in subscribing to our services please complete the form below


    By using this form you agree with the storage and handling of your data by this website.

    Pelham Smithers Associates

    Pelham Smithers Associates is a leading English language independent research provider covering the Japanese stock market. We focus primarily on Japanese manufacturing – TMT, autos, pharma, and machinery – and on internet plays and video games. We also write on market strategy.

    Founded in 2009, Pelham Smithers Associates has steadily built up a blue chip institutional stock investing client base as paying readers of its research. We are fortunate in having benefited from word of mouth recommendations. We are recognised by our clients as a go-to provider of in-depth analysis and explanation of new technologies emanating from Japan and the impact of these on both Japanese companies and companies globally.

    One of the firm’s founders, Pelham Smithers, is a world expert on consumer technology trends and appears regularly in the financial media. Another, Julie Boote, is a high-profile commentator on automotive technology, having started her career at Ford Motor. In aggregate, our research team has accrued over a hundred years of knowledge while carrying out Japanese equity research.

    PSA produces both company and sector reports. These tend to focus on the manufacturing technologies at the core of companies’ endeavours. We aim to identify the winners and losers as new technologies come to impact the top and bottom lines of corporations. Central to PSA research is clear explanation of how these new technologies work and how they affect both companies and industries.  While our primary focus is on Japanese equity research, our approach enables us to discover investment opportunities outside of Japan.

    PSA also produces widely read daily and weekly commentary. Our daily tends to pick up on the development of themes previously identified in PSA reports. The PSA weekly summarises recently produced reports and collates the daily commentary plus analysts’ additional short comments, week by week.

    PSA’s clients include globally-renowned mutual funds as well as smaller, even start-up, specialist investment advisors.

    PSA research is available on Factset, Thomson Reuters, S&P Capital IQ, Bloomberg (PSAZ), RSRCHX and Research Pool. Research can also be sent by PSA’s sales team email to PMs and analysts.

    If you would like to discuss terms for research provision to your firm by Pelham Smithers Associates, kindly contact Co-Founder James Ford, either by email, at james@pelhamsmithers.com, or by calling +44 (0)20 3740 5500.

    Weekly Comment
    by Joel Scheiman

    Ahead of July 23’s opening ceremony, PSA analyst, sports fan and long-term Tokyoite Joel Scheiman reflects on the lead-up to the Olympic Games………

    Read more

    Weekly News

    The Must Read PSA Weekly Research Round-Up

    Jul 21

    Highlights this week: REPORTS: Sansan (4443 JT) / Demae-can (2484 JT) / INDUSTRY INSIGHTS: Results of the “DX promotion status in the real estate industry” survey / MISCELLANEOUS & MACRO: Does Japan have inflation? / Olympics planning has not inspired confidence / COMPANY INSIGHTS, NEWS, PREVIEWS & RESULTS / Twitch goes wild for FF14 as Asmongold’s team die in heartbreak defeat to boss / Nidec reports strong profit growth in FY21 Q1 / Might Netflix be working with Sony on streaming games? / Glory in PoS equipment leasing move / Disco 1Q OP +66% YoY / Ferrotec to post ¥7.5bil one-off gain from affiliate share issue

    Jul 16

    Highlights this week: REPORTS: Shift Inc (3697 JT) / Ferrotec (6890 JT) / Nidec (6594 JT) / INDUSTRY INSIGHTS: Chip shortage continues to hurt the auto industry / Return of auto shows, but differently/ Will UK MPs drive change to streaming revenues, splits? / MACRO: June industrial production revised down / PayPay vs pring / Z Holdings: umbrella companies offer BNPL/ Sony’s ‘State of Play’ / Sony TV / COMPANY INSIGHTS: Murata’s SSB being sold to the industrial machinery industry / Update on iPhone 13 leaks/ Plus additional COMPANY NEWS / PREVIEWS & RESULTS

    Jul 09

    Highlights this week: REPORTS: TIS (3626 JT) / INDUSTRY INSIGHTS: Has the video game bubble burst? / US auto sales surge in Q2 / MACRO: Weak China data / Wage data for May: not as good as hoped / COMPANY INSIGHTS, NEWS, PREVIEWS & RESULTS: Might Nintendo report a YoY fall in 1Q FY21 OP? / The Switch OLED unveil / Sony PS5 State of Play / Capcom’s Resident Evil: Infinite Darkness releasing on Netflix / Nidec could benefit from EV expansion at Stellantis / Z Holdings gets perpetual rights to use Yahoo brand, tools / experiments with Instant Delivery service / Two new subsidiaries for DeNA / Plus additional COMPANY PREVIEWS & NEWS

    Jul 02

    Highlights this week: REPORTS: Japan Market Strategy for Q3 2021 / TDK (6762 JT) / Subaru (7270 JT) / INDUSTRY INSIGHTS: The rising cost of building a PC / IP acquisitions by game makers / MACRO: No wobbles with Day 1 economic data / Tankan falls short of expectations / COMPANY INSIGHTS: Sony: How much of a threat Windows 11? / FY21 Q1 OP revisited / Cyberpunk 2077 returns to the PlayStation store / Might Nintendo have to phase out the Switch sooner than expected? / Honda’s EV plans raise questions / New Civic / Plus additional COMPANY INSIGHTS

    Jun 25

    Highlights this week: REPORTS: GMO Financial Gate (4051 JT) / Astellas (4503 JT) / INDUSTRY INSIGHTS: Might June global semiconductor revenues hit an all-time high? / Shift upmarket for digital cameras continues / Carbon trading: no pain, no gain / MACRO: A busy week ahead – what to look out for / COMPANY INSIGHTS: Sony talks up PS5 post E3 / Square Enix’s Final Fantasy IX set for animation series / Kioxia IPO looks set for September / Nissan sees better than expected performance / Invests in WeRide / Hitachi decision on HCM / May China machine tool orders / Plus additional COMPANY INSIGHTS

    June 18

    Highlights this week: REPORTS: DTS Corp (9682 JT) SOX / SPE Diamond Electric (6699 JT) INDUSTRY INISIGHTS: Is it post peak cycle for video game stocks? FCVs gaining acceptance Why SOX won’t lie down Quantum computing attracting retail investor interest COMPANY INSIGHTS: NEC / Samsung team wins first UK 5G OpenRAN contract Square Enix reveals new Marvel game due out in Oct CyberAgent launches a new game Sony acquires UK audio content producer Plus additional COMPANY INSIGHTS, PREVIEWS & RESULTS

    Research Categories

    Auto Sector

    Analysis of global automobile companies with a special focus on Japan’s assemblers…

    Read more

    Auto Parts

    Looking at auto component makers in a separate context from their respective…

    Read more

    Internet

    The main focus is on internet companies in the Far East. This covers companies involved in…

    Read more

    Telecomms

    Analysis of the Japanese telecoms sector, highlighting differences in business strategy…

    Read more

    Electronic Parts & Materials

    The main focus is on Japan’s electronics industry supply chain firms…

    Read more

    Consumer Electronics

    Analysis of the global electronics market with a focus on the role Japanese companies…

    Read more

    Strategy

    In the first week of every calendar year Pelham Smithers writes the substantive…

    Read more

    Capital Goods

    Analysis focuses primarily on automation and robotics…

    Read more

    Pharmaceuticals

    Analysis of the Japanese pharmaceuticals sector with particular focus on…

    Read more

    Video Games

    Analysis of the Japanese video sector including the nascent eSports market…

    Read more

    Reports

    We produce 5 types of research – PSA Today is our daily product, that focuses on the companies and sectors PSA analysts cover. It is integral to our evolving research and is a vehicle for analysts to confirm or change their investment views. PSA Weekly highlights what the PSA team has produced in the week. It summarises PSA’s published reports; contains analysts’ key company / sector comments; and includes a weekly strategy comment. It is also where the team likes to signpost their ideas for the week to come. In-depth Company provides detailed analysis of individual companies. Company Update are the follow up to the reports we have written. In-depth Sector provides a detailed analysis of the sectors our analysts cover.

    PSA Today

    PSA Weekly

    Company Update

    In-depth – Sector

    In-depth – Company

    Weekly News
    Media
    Our Team
    Categories
    Contact Us
    Weekly News
    Media
    Our Team
    Categories
    Contact Us

    If you are interested in subscribing to our services please complete the form below


      By using this form you agree with the storage and handling of your data by this website.

      Go to Top