PSA Today Apr 24: Economy worrying, results heartening / Remdesivir and China / Advantest's 4Q / JAE's 4Q / MonotaRO's 1Q / Fanuc's surprise / istyle's bad run / Tails up at Obic, Net One Systems – Nikkei -0.86%
Japan Market Comment by Pelham Smithers, William Nestuk, Thao Nguyen and Lindsay WhippNikkei ¥19,262.00 (-¥167.44 / -0.86%); Topix ¥1,421.29 (-¥4.69 / -0.33%); ¥/$107.67
Tags: Intel (INTC US), Net One Systems (7518 JT), TIS Inc (3626 JT), Canon (7751 JT), Chugai Pharmaceutical (4519 JT), Omron (6645 JT), Yuki Gosei (4531 JT), Gilead (GILD US), Advantest (6857 JT), Teradyne (TER US), Japan Aviation Electronics (6807 JT), Koa (6999 JT), Rohm (6963 JT), Nidec (6594 JT), NEC (6701 JT), Hirose Electric (6806 JT), MonotaRO (3064 JT), M3 (2413 JT), Misumi Group (9962 JT), Fanuc (6954 JT), Yaskawa (6506 JT), istyle (3660 JT), Obic (4684 JT),
Main Points
• Economic worries continue to depress shares, but results provide some optimism
• Worries over remdesivir’s China trial
• Advantest 4Q OP +14% YoY
• JAE 4Q OP +66% YoY
• MonotaRO 1Q OP +26% YoY
• Both FY19 Fanuc results and guidance surprise (slightly) on the upside
• istyle’s bad run continues
• Obic and Net One Systems Forecast FY20 OP and sales increases
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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