Report
Joel Scheiman ...
  • Julie Boote
  • Lindsay Whipp
  • Pelham Smithers
  • Thao Nguyen

PSA Today Apr 25: Foreign buying / Nintendo's forecast / Akatsuki hint for SQE / Capex plays / Hino / Hitachi Chem bid up again / CyberAgent's beat / M3 reefs the sails - Nikkei +0.48%

Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, Thao Nguyen and Lindsay Whipp
Nikkei ¥22,307.58 (+¥107.58 / +0.48%); Topix ¥1,620.28 (+¥8.23 / +0.51%); ¥/$111.95
Tags: Chugai Pharmaceutical (4519 JT), Hitachi Construction Machinery (6305 JT), Ibiden (4062 JT), Kao (4452 JT), Omron (6645 JT), Canon (7751 JT), JSR (4185 JT), Keyence (6861 JT), Nissan (7201 JT), Fanuc (6954 JT), NEC (6701 JT), Panasonic (6752 JT), Tesla (TSLA US), Nintendo (7974 JT), DeNA (2432 JT), Akatsuki Inc (3932 JT), KLab Inc (3656 JT), Bandai Namco (7832 JT), Square Enix (9684 JT), Colopl (3668 JT), Advantest (6857 JT) Hitachi High-Technologies (8036 JT), Anritsu (6754 JT), Hino Motors (7205 JT), Hitachi Chemical (4217 JT), Hitachi (6501 JT), Kohlberg Kravis Roberts (KKR US), Bain Capital (pvt), Carlisle Group (CG US), Mitsui Chemicals (4183 JT), Mitsubishi Chemical Holdings (4188 JT), Sumitomo Chemical (4005 JT), CyberAgent (4751 JT), M3 (2413 JT), LINE Corp (3938 JT), NTT DoCoMo (9437 JT)
Main Points
• Nikkei climbs on positive foreign investor activity data
• Nintendo beats, but forecast is very low
• Akatsuki delivers strong earnings hint for SQE
• Capex play results
• Hino cautious on FY19 outlook
• Hitachi Chemical shares bid higher again
• CyberAgent’s earnings beat
• M3 reefs the sails with its FY19 forecasts
Provider
Pelham Smithers Associates Ltd
Pelham Smithers Associates Ltd

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. 

Analysts
Joel Scheiman

Julie Boote

Lindsay Whipp

Pelham Smithers

Thao Nguyen

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