In today’s briefing:
- Ohayo Japan | More US Tech Restrictions on China; Nidec & The Future of Urban Air Mobility
- Japan’s Department Stores: Elitism Rules and There’s Profit in It
- Weekly Sustainable Investing Surveyor Week Ended October 13, 2023
Ohayo Japan | More US Tech Restrictions on China; Nidec & The Future of Urban Air Mobility
- Overseas: SPX flat , Nasdaq -0.3%; Treasury yields resumed rise on stronger-than-expected retail sales
- Today: NKY Futs +0.3% v cash. JPY 249.8; Keisei Electric Rail attracts activist interest; SONY/Honda unveil new EV
- JapanX: Nidec Powering the Future of Urban Air Mobility; perhaps a new growth driver to think about
Japan’s Department Stores: Elitism Rules and There’s Profit in It
- While big city department stores have only lost 12.8% of sales since 2009, regional stores have lost 45%, emphasising how wide the gap in performance has become.
- But Japan is also witnessing the emergence of a new elite group of department stores who are far ahead even of their big city peers.
- This elite group have found more traction among the new wealthy and affluent city dwellers and growth is set to continue, with record sales and – especially – profit.
Weekly Sustainable Investing Surveyor Week Ended October 13, 2023
- The WTR Sustainable Index fell by 1.1% W/W versus the S&P 500 Index (up 0.4%), the Russell 2000 Index (down 1.5%), and the Nasdaq Index (up 0.1%).
- Energy Technology (13.8% of the index) was up by 1.3%, while Industrial Climate and Ag Technology (48.4% of the index) was down 1.7%, ClimateTech Mining was up 0.5%, and Advanced Transportation Solutions was down 1.7%.
- Revolve Renewable Power is an owner, operator, and developer of renewable energy projects focused on the North American market.
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