PSA Today Feb 10: Edging higher / Considering BASE / KLab's woes / V Tech recovery / Toyota's strength; Aurora / Nissan back in the black / Honda gains on good results / Nabtesco on song / Cybozu's US write-off – Nikkei +0.19%
Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk and Lindsay WhippNikkei ¥29,562.93 (+¥57.00 / +0.19%); Topix ¥1,929.76 (+¥5.28 / +0.22%); ¥/$104.52
Tags: Honda Motor (7267 JT), Nissan Motor (7201 JT), Fujifilm Holdings (4901 JT), Shimano (7309 JT), Japan Tobacco (2914 JT), Nexon (3659 JT), Toyota Motor (7203 JT). Nintendo (7974 JT), Activision (ATVI), Hitachi (6501 JT), Alstom (ALO FP), Metaps (6172 JT), Monex (8698 JT), Jig-Saw Inc (3914 JT), Sakai Heavy (6358 JT), Taisei Corp (1801 JT), BASE Inc (4477 JT), KLab (3656 JT), Marvelous (7844 JT), V Technology (7717 JT), Nikon (7731 JT), Aurora, Denso (6902 JT), Uber (UBER US), Nabtesco (6268 JT), Cybozu (4776 JT)
Main Points
• Tokyo edges higher as large caps report results
• BASE Inc loses money, forecasts more losses (but it’s OK)
• KLab earnings woes resume
• V Tech 3Q OP recovers
• Toyota boosts FY20 forecast on strong sales – announces deal with AD start-up Aurora
• Nissan back in the black on improved pricing, costs cuts
• Honda gains on good results
• Nabtesco FY20 finishes with strong robotics and hydraulics
• Cybozu discloses a write-down of business related to US operations
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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