- Julie Boote
- Pelham Smithers
- Thao Nguyen
- William Nestuk
PSA Today Feb 12: Catch-up surge / Toshiba in Nikkei / Nexon's China warning / Nissan's Q3 / Mixed results in materials/ Kuraray's miss / Results comments on SMC, Daifuku, Nabtesco/ iStyle snarls –
Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk and Thao NguyenNikkei ¥20,864.21 (+¥531.04 / +2.61%); Topix ¥1,572.60 (+¥33.20 / +2.16%); ¥/$110.56
Tags: Taiyo Yuden (6976 JT), Olympus (7733 JT), Daifuku (6383 JT), Nabtesco (6268 JT), Harmonic Drive Systems (6324 JT), Toshiba (6502 JT), Kyocera (6971 JT), Sharp (6753 JT), Hon Hai (2317 TT), Nexon (3659 JT), Nissan (7201 JT), Nippon Carbon (5302 JT), Tokai Carbon (5301 JT), Showa Denko (4004 JT), Nissan Chemical (4021 JT), Chunghwa Picture Tubes (2475 TT), Kaneka (4118 JT), Nissha (7915 JT), Stella Chemifa (4109 JT), Toray (3402 JT), Sumitomo Metal Mining (5713 JT), Kuraray (3405 JT), SMC (6273 JT), iStyle (3660 JT)
Main Points at a Glance
• Nikkei surges as Japanese equities play catch-up
• Nikkei hints at Toshiba downward revision
• Nexon warns on Chinese revenues
• Nissan’s Q3 below consensus and cuts FY guidance
• Mixed reactions for materials, electronic parts earnings
• Kuraray misses FY18 guidance by a wide margin
• SMC Q3 deteriorates little than Q2
• Daifuku sales look to rise in FY19
• Nabtesco rises 12% on FY19 guidance
• iStyle slumps following disappointing Q2 results and a downward revision
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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