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

Equity Bottom-Up

<p>Japanese companies are not averse to producing eye-watering losses when conditions dictate, and it is quite likely that this reporting season's award for biggest net loss goes to Mitsubishi Motors, which reported a ¥128 billion net loss on ¥429 billion in sales for the 1Q FY16 period.  However, given that market cap has fallen by half to ¥496bil since the start of the year - and that most of that is made up of cash so enterprise value is just ¥130 billion - it is difficult to say that this is…</p>

Japanese companies are not averse to producing eye-watering losses when conditions dictate, and it is quite likely that this reporting season's award for biggest net loss goes to Mitsubishi Motors, which reported a ¥128 billion net loss on ¥429 billion in sales for the 1Q FY16 period.  However, given that market cap has fallen by half to ¥496bil since the start of the year - and that most of that is made up of cash so enterprise value is just ¥130 billion - it is difficult to say that this is…

Mitsubishi Motors: Sub-660cc Car Sales Rebounding