PSA Today Apr 26: Earnings buoyant / Strong Canon 1Q / Poor Koei Tecmo 4Q / Sony and exclusives / Soaring US new, used car prices / JSR's Elastomer division - Nikkei +0.36%
Japan Market Comment by Pelham Smithers, Julie Boote and Joel ScheimanNikkei ¥29,126.23 (+¥105.60 / +0.36%); Topix ¥1,918.91 (+¥3.17 / +0.21%); ¥/$107.72
Tags: ANA Holdings (9202 JT), Tokyo Steel (5423 JT), Osaka Steel (5449 JT), Godo Steel (5410 JT), M3 Inc (2413 JT), Canon (7751 JT), Canon Marketing (8060 JT), Canon Electronics (7739 JT), Nitto Denko (6988 JT), Koei Tecmo (3635 JT), Advantest (6857 JT), Panasonic (6752 JT), Xerox (XRX US), Toshiba (6502 JT), Sony (6758 JT), Firewalk Studios, PCF (PCF PW), Activision (ATVI US), Electronic Arts (EA US), Bethesda Softworks, Microsoft (MSFT US), Take Two (TTWO US), Toyota Motor (7203 JT), Honda Motor (7267 JT), Nissan Motor (7201 JT), JSR (4185 JT)
Main Points
• Nikkei higher as earnings provide relief
• Canon 1Q OP +115% YoY
• Koei Tecmo 4Q OP -34% YoY
• Sony branching out on exclusives
• New and used car prices soar in the US
• JSR’s FY20 losses pave the way for a divestment
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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