- Julie Boote
- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
PSA Today Apr 28: Sideways / In 5G, backhaul is key / Lasertec 3Q / DOCOMO 1Q / Nissan's brakes are on / It's Shin-Etsu, relax / Chemical notes / LINE on hold / Digital payments: less ATM activity in Tokyo – Nikkei -0.06%
Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, Thao Nguyen and Lindsay WhippNikkei ¥19,771.19 (-¥12.03 / -0.06%); Topix ¥1,449.15 (+¥1.90 / +0.13%); ¥/$107.20
Tags: Shionogi (4507 JT), SBI Holdings (8473 JT), Sumitomo Mitsui Financial Group (8316 JT), PCA Corp (9629 JT), Cybozu (4776 JT), Kitanotatsujin (2930 JT), Rakuten (4755 JT), Capcom (9697 JT), Konami (9766 JT), Renesas (6723 JT), Anritsu (6754 JT), Panasonic (6752 JT), Godo Steel (5410 JT), Zeon Corp (4205 JT), Sumitomo Dainippon Pharma (4506 JT), ZOZO (3092 JT), ANA Holdings (9202 JT), SoftBank Corp (9434 JT), NTT DOCOMO (9437 JT), FaceBook (FB US), Reliance Jio (pvt), Demae-Can (2484 JT), Mercari (4385 JT), Lasertec (6920 JT), ASML (ASML NA), Apple (AAPL US), Rakuten (4755 JT), KDDI (9433 JT), Nissan (7201 JT), Shin-Etsu Chemical (4063 JT), Shintech (US, pvt.), Mitsubishi Chemical Holdings (4188 JT), Mitsubishi Tanabe Pharma (owned by Mtb Chem), Medicago Inc (Canada, pvt), LINE Corp (3938 JT), Z Holdings (4689 JT), Naver (035420 KS), Mitsubishi UFJ Financial Group (8306 JT), GMO Payment Gateway (3769 JT), TIS Inc (3626 JT), Poletowin Pitcrew (3657 JT)
Main Points
• Post lockdown plays in focus as market trades sideways
• SoftBank 5G network underscores backhaul is key for now
• Lasertec FY20 3Q OP ¥875mil (+48% YoY)
• DOCOMO FY19 1Q OP ¥67bil (-40% YoY)
• Nissan expects significantly lower profits compared to Feb guidance
• Shin-Etsu Chemical: good not to be surprised
• April 28 chemical notes
• LINE’s unimpressive Q1
• Tokyoites are shunning ATMs and that augurs well for digital payments
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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