PSA Today Aug 6: A plunge, then a steadying yuan fix / Square Enix strong / Nikon's slow demise / Suzuki, India / Comforting Daikin / Cheap, weak Gree - Nikkei -0.65%
Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk and Thao NguyenNikkei ¥20,585.31 (-¥134.98 / -0.65%); Topix ¥1,499.23 (-¥6.65 / -0.44%); ¥/$106.70
Tags: Subaru (7270 JT), Nissan (7201 JT),Taiyo Yuden (6976 JT), Murata (6981 JT), Square Enix (9684 JT), Capcom (9697 JT), Koei Tecmo (3635 JT), Nikon (7731 JT), Suzuki (7269 JT), Daikin (6367 JT), Gree (3632 JT)
Main Points
• Yuan fix helps equities recover from steep opening plunge
• Square Enix: Another gamer delivers a strong 1Q
• Nikon: 1Q down 50% as expected
• Suzuki Q1: India problems cut into profits
• Daikin Q1 OP (+7.8% YoY) above plan
• Gree expects a weak start for FY20
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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