PSA Today Aug 8: Mixed / Bandai Namco / Nexon / Daifuku / IHI disappoints / iStyle shocker / GMO Payment Gateway - Nikkei +0.37%
Japan Market Comment by Pelham Smithers, William Nestuk, Thao Nguyen and Lindsay WhippNikkei ¥20,593.35 (+¥76.79 / +0.37%); Topix ¥1,498.66 (-¥1.27/ -0.08%); ¥/$106.22
Tags: NTT (9432 JT), SoftBank (9984 JT), Lasertec (6920 JT), Ulvac (6728 JT), istyle (3660 JT), CyberAgent (4751 JT) Square Enix (9684 JT), Capcom (9697 JT), Bandai Namco (7832 JT),Toei Animation (4816 JT), Akatsuki (3932 JT), Nexon (3659 JT), Daifuku (6383 JT), IHI (7013 JT), GMO Payment Gateway (3769 JT), GMO Internet (9449 JT)
Main Points
• Mixed market as Beijing’s currency neutrality continues
• Bandai Namco continues trend of strong 1Qs from console gamers
• Nexon: 2Q sees mixed performance continue
• Daifuku in line with Aug 1 Nikkei article; analyst meeting tomorrow
• IHI disappoints on boilers and aeroengines
• istyle collapses on earnings negative surprise
• GMO Payment Gateway shares perkier following Q3 analyst meeting
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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