- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
- William Nestuk
PSA Today Apr 26: Following US lower / Lower Sony guidance / Cheers, NEC! / Worrisome Murata / Suzuki cuts FY18CE/ Nabtesco, Denso, Koito, Daikin, / ZOZO's fall / NRI / Cybozu – Nikkei -0.22%
Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk, Thao Nguyen and Lindsay WhippNikkei ¥22,258.73 (-¥48.85 / -0.22%); Topix ¥1,617.93 (-¥2.35 / -0.15%); ¥/$111.68
Tags: Intel (INTC US), Kyocera (6971), Hino Motors (7205 JT), Fuji Electric (6504 JT), Anritsu (6754 JT), Advantest (6857 JT), Nippon Gas (8174 JT), Nintendo (7974 JT), Dai Nippon Printing (7912 JT), Morinaga Milk (2264 JT), Ono Pharmaceutical (4528 JT), Bristol-Myers (BMY US), Astellas (4503 JT), Amgen (AMGN US), Takeda (4502 JT), Sony (6758 JT), NEC (6701), Murata (6981 JT), Dialog (DLG GY), Apple (AAPL US), Suzuki (7269 JT), Maruti Suzuki (MSIL IN), Nabtesco (6268 JT), Yaskawa (6506 JT), ABB (ABBN SW), THK (6481 JT), Boeing (BA US), Denso (6902 JT), Koito (7276 JT), Daikin (6367 JT), Fujitsu General (6755 JT), Daifuku (6383 JT), ZOZO (3092 JT), SoftBank (9984 JT), Nomura Research Institute (4307 JT), Nomura Holdings (8604 JT), Kenedix (4321 JT), NTT Data (9613 JT), Cybozu (4776 JT)
Main Points
• Nikkei follows US lower on Intel,
• Sony guidance down
• NEC guidance starts to reflect what the company is capable of
• Murata sees earnings decline
• Suzuki lowers FY18 forecast
• Nabtesco’s FY19 Q1 slightly positive
• Denso falls short for FY18
• Koito’s guidance disappoints
• Daikin up on Fujitsu General guidance
• ZOZO collapsed on dim outlook
• NRI beats own forecasts, doubles down on digital transformation focus
• Cybozu maintains strong OP and sales growth in Q1
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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