PSA Today Apr 27: Disappointment / Shinko Elec , ZOZO, Fuji Elec , Anritsu / Toyota and Lyft AD / Fanuc / PCA and accounting / NTT Docomo and Medley – Nikkei -0.46%
Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk and Lindsay WhippNikkei ¥28,991.89 (-¥134.34 / -0.46%); Topix ¥1,903.55 (-¥14.60/ -0.76%); ¥/$108.13
Tags: Daiichi Sankyo (4568 JT), Astellas (4503 JT), Sekisui Chemical (4204 JT), Kikkoman (2801 JT), Canon (7751 JT) IHI (7013 JT), Hokkaido EP (9509 JT), Sumitomo Chemical (4005 JT), Nikon (7731 JT), Enplas (6961 JT), Nitto Denko (6988 JT), Koei Tecmo (3635 JT), Medley (4480 JT), Toyota Motor (7203 JT), Lyft (LYFT US), Nippon Paper (3863 JT), Tesla (TSLA US), Panasonic (6752 JT), Shinko Electric (6967 JT), Intel (INTC US), Ibiden (4062 JT), TSMC (2330 TT), AMD (AMD US), ZOZO (3092 JT), Fuji Electric (6504 JT), Anritsu (6754 JT), NEC (6701 JT), NEC Networks & System Integration (1973 JT), Uber (UBER US), Aurora, Denso (6902), Fanuc (6954 JT), PCA Corp (9629 JT), TKC Corp (9746 JT), NTT Docomo, Freee KK (4478 JT), JMDC (4483 JT), NTT Corp (9432 JT), NTT Data (9613 JT), Micin, SoftBank Group (9984 JT), Z Holdings (4689 JT), M3 (2413 JT), Sony (6758 JT)
Main Points
• Japan shares slide as earnings optimism turns to disappointment
• Shinko Electric 4Q FY20 OP +166% YoY
• ZOZO 4Q FY20 OP +22% YoY
• Fuji Electric 4Q FY20 OP +34% YoY
• Anritsu 4Q FY20 OP -8% YoY
• Toyota buys Lyft’s AD technology
• Fanuc FY20 firm; Q4 FY20 orders a surprise 6-year high
• PCA beats but irritates on the accounting side
• NTT Docomo invests in Medley Inc
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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