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>As a defensive sector, Japan’s pharmaceutical sector has had an up-and-down time of it during the Abe era. In the early days of Abenomics, the sector was a serial underperformer, as there were high hopes that Abenomics would soon pull Japan out of its deflationary slump. However, even as early as 4Q 2013, misgivings were beginning to emerge (primarily then around the forthcoming consumption tax hike) and the sector went into a long period of outperformance, which ended in June 2016 with “Kuroda…</p>

As a defensive sector, Japan’s pharmaceutical sector has had an up-and-down time of it during the Abe era. In the early days of Abenomics, the sector was a serial underperformer, as there were high hopes that Abenomics would soon pull Japan out of its deflationary slump. However, even as early as 4Q 2013, misgivings were beginning to emerge (primarily then around the forthcoming consumption tax hike) and the sector went into a long period of outperformance, which ended in June 2016 with “Kuroda…

Opportunities in The (Overpriced) Japan Pharma Sector

Otsuka Holdings

Opportunities in The (Overpriced) Japan Pharma Sector