Analyst - Japan Autos, Hirakata Office

Noriaki Hirakata, CFA

Analyst - Japan Autos

Hirakata Office

Thematic (Sector/Industry)

<div class="content-highlight"><p>Some media outlets reported that the White House considers introducing a 25% tariff on vehicles imported to the US. The sudden appearance of a Damocles sword hanging over their heads hit the Japanese automotive names hard today.<br><br>We were worried about a “rearrangement” of the competitive landscape in what such a tariff would likely result when we published the insight <a href="https://www.smartkarma.com/insights/does-the-japanese-auto-industry-has-a-home-market-or-is-it-homeless" target="_blank">Does the Japanese Auto Industry Have a Home Market or Is It Homeless?</a></p></div><p>Albeit being a substantive threat to margins and profitability…</p>

Some media outlets reported that the White House considers introducing a 25% tariff on vehicles imported to the US. The sudden appearance of a Damocles sword hanging over their heads hit the Japanese automotive names hard today.  We were worried about a “rearrangement” of the competitive landscape in what such a tariff would likely result when we published the insight Does the Japanese Auto Industry Have a Home Market or Is It Homeless?Albeit being a substantive threat to margins and profitability…

Handicap Japan: The Cost of Being the Road Team

Japan/Asia Long-Short, LightStream Research

Mio Kato

Japan/Asia Long-Short

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

<p>Trump is a bit of a conundrum. With his propensity to take to twitter to respond to minor slights it might be tempting to consider him a person who is concerned with appearances but almost everything he says invites criticism. What seems to get lost in the muddle and what people seem reluctant to give him credit for is something very simple. <strong>He makes things happen.</strong> And that is often better than stagnation in an undesirable, though tolerable state. The North Korea situation is an example and…</p>

Trump is a bit of a conundrum. With his propensity to take to twitter to respond to minor slights it might be tempting to consider him a person who is concerned with appearances but almost everything he says invites criticism. What seems to get lost in the muddle and what people seem reluctant to give him credit for is something very simple. He makes things happen. And that is often better than stagnation in an undesirable, though tolerable state. The North Korea situation is an example and…

What the Market May Be Missing About Trump's Trade "Strategy" With China

Equity Analyst - Fundamental & Thematic, Sree Capital

Sreemant Dudhoria

Equity Analyst - Fundamental & Thematic

Fundamental Research on Listed Indian Companies

Sree Capital

Sree Capital is a platform to share fundamental research on listed Indian companies. We do this research for our own investment

Equity Bottom-Up

<ul>
<li>In this insight, we discuss why the near term financial performance for <a href="https://www.smartkarma.com/entities/suzuki-motor-corp" target="_blank" data-smartkarma-citation="entities:732:1" rel="noopener">Suzuki Motor (7269 JP)</a> faces turbulance.</li>
<li>We highlight 4 negative factors which are likely to impact near term operational performance.</li>
<li>Finally, we discuss on valuation and our view for near term.</li>
</ul>


In this insight, we discuss why the near term financial performance for Suzuki Motor (7269 JP) faces turbulance.
We highlight 4 negative factors which are likely to impact near term operational performance.
Finally, we discuss on valuation and our view for near term.


Suzuki Motor (7269 JP): Short-Term Turbulence Ahead, Long-Term Story Intact

<h2>US SAAR for April 2018 came in at 17.17 mil vs. 17.04 million for April 2017 and 17.48 million for March 2018</h2><p>Most brands continued with their March incentive strategy in April as they slashed incentives in passenger car segment and scaled up the ones for light truck segment, which in our view is an indicator for decreasing popularity of passenger car segment.</p><div class="content-highlight"><p>SAAR of the passenger car segment decreased to 5.58 million which is close to the 5.53 million in October 2008 when total SAAR stood at…</p></div>

US SAAR for April 2018 came in at 17.17 mil vs. 17.04 million for April 2017 and 17.48 million for March 2018Most brands continued with their March incentive strategy in April as they slashed incentives in passenger car segment and scaled up the ones for light truck segment, which in our view is an indicator for decreasing popularity of passenger car segment.SAAR of the passenger car segment decreased to 5.58 million which is close to the 5.53 million in October 2008 when total SAAR stood at…

April 2018 US Automotive Sales: Passenger Car Is Seeing a “Global Financial Crisis” Selling Rate

<h2>US SAAR for March 2018 came in at 17.48 mil vs. 16.8 million for March 2017 and 17.08 million for February 2018</h2><p>While the light truck segment rallied during last months as a result of increased incentives, it seems that incentives in passenger car segment have leveled out as most brands have accepted a volume decline in lieu of further raising incentives.</p><p>Asian brands saw the weakest sales growth momentum as a consequence of the sales slump in their core passenger car segment while Detroit brands…</p>

US SAAR for March 2018 came in at 17.48 mil vs. 16.8 million for March 2017 and 17.08 million for February 2018While the light truck segment rallied during last months as a result of increased incentives, it seems that incentives in passenger car segment have leveled out as most brands have accepted a volume decline in lieu of further raising incentives.Asian brands saw the weakest sales growth momentum as a consequence of the sales slump in their core passenger car segment while Detroit brands…

March 2018 US Automotive Sales: Recovery with the Truck Segment Rally

Japan

Subaru Corp manufactures passenger cars, buses, motor vehicle parts, and industrial machinery.  The Company also produces aircraft parts and supplies it to defense agency and Boeing Co.  The Company sells its passenger cars under the Subaru brand name.

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Subaru Corp (7270 JP)

Handicap Japan: The Cost of Being the Road Team

Some media outlets reported that the White House considers introducing a 25% tariff on vehicles imported to the US. The sudden appearance of a...

Noriaki Hirakata, CFA

What the Market May Be Missing About Trump's Trade "Strategy" With China

Trump is a bit of a conundrum. With his propensity to take to twitter to respond to minor slights it might be tempting to consider him a person who...

Mio Kato

Suzuki Motor (7269 JP): Short-Term Turbulence Ahead, Long-Term Story Intact

Suzuki Motor reported record FY2025 revenue of ¥6.29tn (+8%) driven by strong India demand, though operating profit declined 3% to ¥622.9bn amid...

Sreemant Dudhoria

April 2018 US Automotive Sales: Passenger Car Is Seeing a “Global Financial Crisis” Selling Rate

US SAAR for April 2018 came in at 17.17 mil vs. 17.04 million for April 2017 and 17.48 million for March 2018Most brands continued with their March...

Noriaki Hirakata, CFA

March 2018 US Automotive Sales: Recovery with the Truck Segment Rally

US SAAR for March 2018 came in at 17.48 mil vs. 16.8 million for March 2017 and 17.08 million for February 2018While the light truck segment...

Noriaki Hirakata, CFA

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