PSA Today 28 Oct: Commodities, earnings unhelpful / Sony's Q2 / Hoya's Q2 / Fanuc shares sink, affecting Daikin / Komatsu: tail up / Zozo's FY21 Q1 – Nikkei 225 -0.96%
Japan Market Comment by Pelham Smithers, Joel Scheiman, William Nestuk, and Thao NguyenTags: Fanuc (6954 JT), Fujitsu (6702 JT), M3 Inc (2413 JT), Shimano (7309 JT), CyberAgent (4751 JT), Sony (6758 JT), Capcom (9697 JT), Koei Tecmo (3635 JT), Nintendo (7974 JT), Huawei, Apple (AAPL US), Hoya Corp (7741 JT), Shin-Etsu Chemical (4063 JT), AGC (5201 JT), Daikin (6367 JT), Komatsu (6301 JT), Hitachi Construction Machinery (6305 JT), ZOZO (3092 JT)
Main Points
• Falling commodity prices and harsh reactions to earnings send Tokyo lower
• Sony 2Q FY21 OP up marginally
• Hoya weaker despite record Q2
• Fanuc shares sink and pull down Daikin
• Komatsu lifts full-year OP guidance by a surprising 25%
• ZOZO’s FY21 Q2 results
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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