PSA Today 27 Oct: Pelham's clarion call to up Japan weightings / Results: Advantest, Shinko, Fujitsu, Hino, Nitto Denko / Fanuc jolt / Shin-Etsu's revision up – Nikkei 225 -0.32% / ¥$145.83
Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman and William NestukTags: Canon (7751 JT), Capcom (9697 JT), Renesas (6723 JT), Anycolor (5032 JT), Advantest (6857 JT), Shinko Electric (6967 JT), Ibiden (4062 JT), Unimicron (3037 TT), Fujitsu (6702 JT), NEC (6701 JT), Shin-Etsu Chemical (4063 JT), Hoya (7741 JT), Nitto Denko (6988 JT), Hino Motors (7205 JT), Cummins (CMI US), Toyota Motor (7203 JT), Fanuc (6954 JT), Yaskawa Electric (6506 JT)
Main Points
• Tokyo trades lower as investors side-tracked by currency moves
• ECB move creates crunch point for the BoJ and Japan investment strategy
• Advantest 2Q FY22 OP +102% YoY
• Shinko 2Q OP +54% YoY, Ibiden +21%
• Shin-Etsu revises earnings up once more
• Hoya braces for a tough FY22 Q3
• Cool reaction to Nitto Denko’s H1
• Hino reports FY22 Q2 earnings, publishes forecasts
• Fanuc lowers guidance: in particular H2 sales
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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