PSA Today Aug 11: Hello, risk-on / Ulvac's 4Q / SoftBank Group's 1Q / GMO Internet's 2Q / Nissan Chem's 1Q / Rakuten's 2Q / NTT Data's 1Q – Nikkei +1.88%
Japan Market Comment by Pelham Smithers, Joel Scheiman, Thao Nguyen and Lindsay WhippNikkei ¥22,750.24 (+¥420.30 / +1.88%); Topix ¥1,585.96 (+¥39.22 / +2.54%); ¥/$106.16
Tags: Boeing (BA US), Caterpillar (CAT US), Dow Inc (DOW US), Eisai (4523 JT), Subaru (7270 JT), KHI (7012 JT), Sysmex (6869 JT), Square Enix (9684 JT),Nexon (3659 JT), Tencent (700 HK), Hitachi (6501 JT), Honda (7267 JT), Bombardier (BBD/B CN), Ulvac (6728 JT), SoftBank Group (9984 JT), WeWork, Lemonade (LMND US), American Express (AXP US), Kabbage, Aveva Group (AVV LN), OSIsoft, Uber (UBER US), Alibaba (9988 HK), Z Holdings (4689 JT), GMO Internet (9449 JT), GMO Financial Holdings (7177 JT), GMO Tech (6026 JT), GMO Payment Gateway (3769 JT), Nissan Chemical (4021 JT), Rakuten (4755 JT), OverDrive Holdings, Inc., ZOZO (3092 JT), Z Holdings (4689 JT), Visa (V US), NTT Data (9613 JT), TIS Inc (3626 JT)
Main Points
• Risk-on market returns as Covid-19 wanes
• Ulvac FY20 (Jun) 4Q OP +45% YoY
• SoftBank Group FY20 1Q Pretax -51% YoY
• GMO Internet FY20 (Dec) 2Q OP +37% YoY
• Nissan Chemical’s FY20 Q1 exceeds targets
• NTT Data’s FY20 Q1 beats on sales, misses on OP
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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