PSA Today Apr 15: Market sorting into Covid-19 winners and losers / Kitanotatsujin's numbers / Fujimi's FY19 guidance / Money Forward, RPA Holdings Guidance – Nikkei -0.45%
Japan Market Comment by Pelham Smithers, Joel Scheiman and Lindsay WhippNikkei ¥19,550.09 (-¥88.72 / -0.45%); Topix ¥1,434.07 (+¥0.56 / +0.04%); ¥/$107.07
Tags: Toyo Seikan (5901 JT), GMO Payment Gateway (3769 JT), Fujitsu (6702 JT), NEC (6701 JT), Cybozu (4776 JT), Freee KK (4478 JT), Net One Systems (7518 JT), Otsuka (4768 JT), Hitachi (6501 JT), TIS (3626 JT), NRI (4307 JT), SCSK (9719 JT), Kitanotatsujin (2930 JT), Fujimi Inc. (5384 JT), JSR (4185 JT), Tokyo Ohka Kogyo (4186 JT), Intel (INTC US), Taiwan Semiconductor Mfg. Co. (2330 TT), Money Forward (3994 JT), PCA Corp (9629 JT), RPA Holdings (6752 JT), UiPath (pvt), Sansan (4443 JT), NTT Corp (9432 JT), NTT-AT, UiPath (pvt), Automation Anywhere (pvt)
Main Points
• Flat but bifurcated market as Covid-19 “winners†do well
• Kitanotatsujin delivers 57% growth in FY19 OP, but sees OP falling 31% in FY20
• Fujimi hikes FY19 guidance on strong CMP sales
• Money Forward announces strong sales growth in FY20 Q1, maintains full-year guidance
• RPA Holdings provides broad FY20 guidance
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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