- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
- William Nestuk
PSA Today Feb 10: No let up on 2019-nCoV concerns / 3Q Harmonic Drive / V-Tech in China and readthrough / Suzuki Q3 / Daifuku's record auto orders/ Nabtesco's punchy FY12/20 OP target / iStyle gloomy / Cybozu US woes – Nikkei -0.60%
Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk, Thao Nguyen and Lindsay WhippNikkei ¥23,685.98 (-¥142.00 / -0.60%); Topix ¥1,719.64 (-¥12.50 / -0.72%); ¥/$109.77
Tags: Ricoh (7752 JT), Taiyo Yuden (6976 JT), Honda (7267 JT), Internet Initiative Japan (3774 JT), Japan Steel Works (5631 JT), Nippon Carbon (5302 JT), Roche (ROG SW), Chugai Pharmaceutical (4519 JT), Eisai (4523 JT), V Technology (7717 JT), Harmonic Drive Systems (6324 JT), Hon Hai (2317 TT), Nikon (7731 JT), Suzuki (7269 JT), Daifuku (6383 JT), Nabtesco (6268 JT), istyle (3660 JT), Hermo Creative (M) Sdn. Bhd., MUA Inc., Cybozu (4776 JT), Kintone Corp.
Main Points
• Tokyo follows Wall St lower as no let-up on 2019-nCoV concerns
• Harmonic Drive 3Q loss but orders up
• V Technology FY19 3Q OP -38% YoY, revises down
• Suzuki FY19 Q3 earnings down on Asia, Japan; stabilisation in India
• Daifuku posts record FY19 Q3 automotive orders
• Nabtesco FY12/20 OP guidance of ¥32bil (+26% YoY)
• istyle suffers from double negative – huge extraordinary losses and gloomy prospects
• Cybozu to shoulder special loss in FY19 on US subsidiary: Does not impact existing forecasts
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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