Japan TMT Analyst

Pelham Smithers

Market Intel on Asian Tech with a Japan focus

Pelham Smithers Associates

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. 

Research is provided by the following:
Pelham Smithers: Macro, consumer electronics, telecoms & pharma
Joel Scheiman: Electronics materials / components
Julie Boote: Autos
Will Nestuk: Capital goods, machinery & transportation equipment parts
Thao Nguyen: eCommerce, internet content, marketing & advertising

Thematic (Sector/Industry)

<p>Since quantitative easing - in one form or another - first arrived on Japanese shores in 2003, there has been a noticeable seasonal bias to the Japanese stock market's performance. The average performance of Topix in the calendar 4Q is 3.3%. This compares to 2.0% in the 1Q, 1.9% in the 2Q and a negative return (-0.9%) for 3Q. On a median basis, the difference is even greater (courtesy of the Lehman Shock), with the 4Q having a median return of 4.4%. In other words, 50% of the gains in the…</p>

Since quantitative easing - in one form or another - first arrived on Japanese shores in 2003, there has been a noticeable seasonal bias to the Japanese stock market's performance. The average performance of Topix in the calendar 4Q is 3.3%. This compares to 2.0% in the 1Q, 1.9% in the 2Q and a negative return (-0.9%) for 3Q. On a median basis, the difference is even greater (courtesy of the Lehman Shock), with the 4Q having a median return of 4.4%. In other words, 50% of the gains in the…

Listed Index Fund JPX-Nikkei Index 400 (1592 JP)

Japanese Equities - 4Q Traditionally the Best for Equities