PSA Today 12 May: Following Wall St down as cryptos hit / Considering Nikon / Subaru's f/c earnings surge / Nissan's weak guidance / BASE Inc's losses contract QoQ / TIS, ExaWizards full-year results – Nikkei 225 -1.77%
Japan Market Comment by Pelham Smithers, Julie Boote, Thao Nguyen and Lindsay WhippTags: M3 (2413 JT), GMO Internet (9449 JT), Monex Group (8698 JT), Ceres (3696 JT), Remixpoint (3825 JT), Coinbase (COIN US), Capcom (9697 JT), Bandai Namco (7832 JT), Panasonic (6752 JT), Tesla (TSLA US), Mazda (7261 JT), Subaru (7270 JT), SoftBank Group (9984 JT), IPO ETF (IPO US), Nikon (7731 JT), ASML (ASML NA), Canon (7751 JT), Hoya (7741 JT), Toyota Motor (7203 JT), Suzuki (7269 JT), Mitsubishi Motors (7211 JT), Nissan Motor (7201 JT), Renault (RNO FP), TIS Inc (3626 JT), Nomura Research Institute (4307 JT), ExaWizards (4259 JT)
Main Points
• Tokyo follows Wall Street lower as crypto plays slump
• Nikon 4Q OP in black, forecasting ¥50bil in FY22 OP
• Subaru forecasts a surge in FY22 OP
• Nissan beats FY21 profit estimates, guidance below consensus
• BASE Inc’s losses contract QoQ
• TIS Inc FY21 Q4 results: sales miss expectations while OP outperforms
• ExaWizards FY21 results and FY22 outlook
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.
PSA produces both company and sector reports. The focus of PSA’s research is to identify winners and losers as new technologies impact the top and bottom lines of corporations. Critical to our research is the clear explanation of how these new technologies work and how they impact companies and industries.
The founding partners have worked closely together for twenty years and the team has more than doubled in size since 2012.
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