Report
Joel Scheiman ...
  • Julie Boote
  • Pelham Smithers

PSA Today 26 July: Flat ahead of earnings / Results: Capcom Q1, Canon Q2, Shimano Q2, Shin-Etsu Polymer Q1, Nitto Denko Q1 / Toyota leads biomass research group – Nikkei -0.16%

Japan Market Comment by Pelham Smithers, Julie Boote and Joel Scheiman
Tags: SoftBank Group (9984 JT), Chugai Pharm (4519 JT), Canon Marketing (8060 JT), Canon Electronics (7739 JT), Canon (7751 JT), Koei Tecmo (3635 JT), Koa Corp (6999 JT), W-Scope (6619 JT), Daiichi Sankyo (4568 JT), Capcom (9697 JT), Hangzhou Hikvision Digital (002415 CH), Sony (6758 JT), Nikon (7731 JT), Shimano (7309 JT), Shin-Etsu Polymer (7970 JT), Shin-Etsu Chemical (4063 JT), Nitto Denko (6988 JT), Toyota Motor (7203 JT), Eneos (5020 JT), Suzuki Motor (7269 JT), Subaru (7270 JT), Toyota Tsusho (8015 JT)
Main Points
• Topix closes flat as market awaits earnings announcements
• Capcom 1Q FY22 OP -49% YoY
• Canon 2Q OP ¥98.5bil +27% YoY
• Shin-Etsu Polymer’s 1Q exceeds expectations
• Nitto Denko revises up on Optronics strength
• Toyota leads research collaboration on biomass
Provider
Pelham Smithers Associates Ltd
Pelham Smithers Associates Ltd

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. 

Analysts
Joel Scheiman

Julie Boote

Pelham Smithers

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