PSA Today Apr 27: Tech, Machinery sectors underperform despite weak yen / Currency outlook weakens Honda, Mazda guidance / NGK's firm, Fanuc's low-key FY18 forecasts / CyberAgent's excellent Q2 – Nikkei +0.66%
Japan Market Comment by Julie Boote, William Nestuk and Thao NguyenNikkei ¥22,467.87 (+¥148.26 / +0.66%); Topix ¥1,777.23 (+¥5.10 / +0.29%); ¥/$109.25
Tags: Intel (INTC US), Microsoft (MSFT US), Amazon (AMZN US), Advantest (6857 JP), Tokyo Electron (8035 JP), Disco (6146 JP), Kyocera (6971 JP), Anritsu (6754 JP), Sprint (S US), T-Mobile (TMUS US), SoftBank (9984 JP), Alps (6770 JP), Japan Display (6740 JP), Murata (6981 JP), Nissha (7915 JP), Shire (SHP LN), Takeda (4502 JP), Honda (7267 JP), Mazda (7261 JP), NGK Spark Plug (5334 JP), Fanuc (6954 JP), CyberAgent (4751 JP), Asahi TV (4509 JP), Nintendo (7974 JP)
Main Points at a Glance
· Tech and Machinery underperform despite the weak yen
· Weak guidance from automakers on expected currency losses
· NGK Spark’s surprisingly firm FY18 guidance
· Fanuc’s surprisingly low FY18 guidance
· CyberAgent had an excellent Q2
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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