PSA Today Apr 22: Wall Street ushers in rebound / Strong Disco 4Q / Very strong Koa 4Q / Dismal Chugai 1Q / Nidec's strong 4Q – Nikkei +2.38%
Japan Market Comment by Pelham Smithers and Julie BooteNikkei ¥29,188.17 (+¥679.62 / +2.38%); Topix ¥1,922.50 (+¥34.32 / +1.82%); ¥/$107.87
Tags: Netflix (NFLX US), Visional Inc (4194 JT), Recruit (6098 JT), Toshiba (6502 JT), Bain & Co, CVC, Kioxia, Nintendo (7974 JT), Colopl Inc (3668 JT), Nidec (6594 JT), Disco (6146 JT), Tokyo Electron (8035 JT), Chugai Pharm (4519 JT), Roche (ROG SW), Sumco (3436 JT), Advantest (6857 JT), Koa (6999 JT), Nippon Chemi-Con (6997 JT), Nichicon (6996 JT), Murata (6981 JT), Shinko Electric (6967 JT), GAC (2238 HK)
Main Points
• Tokyo rebounds on Wall Street gains, positive earnings expectations
• Disco FY20 4Q OP +52% YoY
• Koa FY20 4Q OP +144% YoY
• Chugai FY21 1Q FY21 OP -12%
• Nidec reports strong FY20 Q4 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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