Loading...
PSA2021-06-11T15:58:10+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 Pelham Smithers

    Pelham comments on Hitachi’s IR Day, which he was pleased to discover was more worthwhile than expected…….

    Read more

    Weekly News

    The Must Read PSA Weekly Research Round-Up

    June 11

    Highlights this week: REPORTS: Shinko Electric (6967 JT) Toyota Motor (7203 JT) INDUSTRY INSIGHTS: Japan goes national with its semiconductor project Japan MedTech stocks rally on expectations for clearer regulation KKR to raise investments in Japanese cloud software start-ups: report Vaccination program plays moving COMPANY INSIGHTS: Growing ARM-Based CPU adoption seen as positive for Shinko, Ibiden Tokyo Electron’s ASML research deal set to secure NA EUV era market Is the market too pessimistic about TDK? Plus additional COMPANY INSIGHTS

    June 04

    Highlights this week: REPORTS: Cyber Security Cloud (4493 JT) INDUSTRY INSIGHTS: Video game console sales The race in Japan between FCVs and EVs Basic chemical markets are strong, for now MACRO: Japan retail sales weaken in April Corporate software spend +12% YoY in 1Q 2021 COMPANY INSIGHTS: Sony – Key new in-house games set to be cross-generational SoftBank Corp gets 5G “hurry up” order Is Katerra’s bankruptcy an issue for SoftBank Group shareholders? Nikkei reports Murata, Taiyo Yuden seeing strong orders Plus additional COMPANY INSIGHTS

    May 28

    Highlights this week: REPORTS: NEC (6701 JT) Fintech in Japan Toyota Industries (6201 JT) INDUSTRY INSIGHTS: Outlook for IoT / smart sensor / LoRaWAN markets Shipping rates vs shipper’s forecasts MACRO: Supermarket sales strong in April Company INSIGHTS: Sony’s IR day(s) feedback / Eyeing 23mil PS5 console unit sales in FY22 / Film business in question again following Amazon / MGM merger / Sony’s camera tech to be used in KHI’s industrial robots Nintendo, the chip shortage and Switch sales IIJ & the power of compound interest Plus additional COMPANY INSIGHTS

    May 21

    Highlights this week: REPORTS: NRI (4307 JT) INDUSTRY INSIGHTS: Is Japan’s casino push dead in the water? China fortifies its position as core market among Japanese automakers Battle over electric pickup truck market set to begin MACRO: April machine tool orders +2.2x YoY; -3% MoM Weak CY21 Q1 GDP COMPANY INSIGHTS: Sony vs Discovery Murata vs Taiyo Yuden Murata in energy saving / energy harvesting IoT move Apple pushes for 5G handset discounts Plus additional COMPANY INSIGHTS, PREVIEWS, NEWS & RESULTS

    May 14

    Highlights this week: REPORTS: Asahi Kasei (3407 JT) Nissan Motor (7201 JT) COMPANY RESULTS: Gaming: Capcom / SQE / Bandai Namco Technology: NEC / Rohm / Tokyo Seimitsu Autos / Auto Parts: Toyota Motor / Subaru / Suzuki / Mazda / Isuzu / Toyota Industries / Diamond Elec COMPANY NEWS / INSIGHTS Hitachi-supplied trains to the UK show hairline fractures HCM meeting highlights three positives How the technology of its RE Engine has transformed Capcom’s fortunes

    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.