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

Event-Driven

<p><a href="https://www.smartkarma.com/entities/563" target="_blank" data-smartkarma-citation="entities:563:1">Sony Corp</a>'s announcement of a 2.1ppt purchase of <a href="https://www.smartkarma.com/entities/564" target="_blank" data-smartkarma-citation="entities:564:1">Sony Financial</a> shares for ¥13.5 billion is entirely understandable both from a tax viewpoint and from an asset management viewpoint. The only problem with this is that, for years, Sony has been using its financial business as a cash cow - and on these terms, the move does not make sense.</p><p>Sony's ownership of 60% of Sony Financial enabled the company to report the profits from the finance business (mainly life insurance with a bit of banking) on a…</p>

Sony Corp's announcement of a 2.1ppt purchase of Sony Financial shares for ¥13.5 billion is entirely understandable both from a tax viewpoint and from an asset management viewpoint. The only problem with this is that, for years, Sony has been using its financial business as a cash cow - and on these terms, the move does not make sense.Sony's ownership of 60% of Sony Financial enabled the company to report the profits from the finance business (mainly life insurance with a bit of banking) on a…

Sony's Purchase of SonyFin Shares: Cash Management or Asset Management?