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>Olympus reported a poor 1Q FY16 OP result (¥10.8 billion down 37% YoY) and revised down its full year OP forecast (from ¥90 billion to ¥77 billion). On the face of it, there was nothing particularly exceptional about the 1Q weakness - the strong yen was a big issue (the company estimated that contributed a ¥2.35 billion hit) whilst the Kumamoto earthquake caused both immediate problems plus also resulted in the delay of the launch of a new mirrorless camera planned for the Autumn, a delay that…</p>

Olympus reported a poor 1Q FY16 OP result (¥10.8 billion down 37% YoY) and revised down its full year OP forecast (from ¥90 billion to ¥77 billion). On the face of it, there was nothing particularly exceptional about the 1Q weakness - the strong yen was a big issue (the company estimated that contributed a ¥2.35 billion hit) whilst the Kumamoto earthquake caused both immediate problems plus also resulted in the delay of the launch of a new mirrorless camera planned for the Autumn, a delay that…

Olympus Corp

Olympus - Is It All Going Wrong Again?