Pelham Smithers Associates Ltd - PSA Today Feb 2: Auto parts join the cyclical fun / MonotaROs stock split / Considering Panasonic / Nihon Kohden surprise / Toyota Industries best ever Auto OPM / Denso guidance conservative / Otsuka disappoints – Nikkei +0.97%

Report

Pelham Smithers Associates Ltd

Lindsay Whipp ...

Pelham Smithers
William Nestuk

PSA Today Feb 2: Auto parts join the cyclical fun / MonotaRO's stock split / Considering Panasonic / Nihon Kohden surprise / Toyota Industries best ever Auto OPM / Denso guidance conservative / Otsuka disappoints – Nikkei +0.97%

Japan Market Comment by Pelham Smithers, William Nestuk and Lindsay Whipp
Nikkei ¥28,362.17 (+¥271.12 / +0.97%); Topix ¥1,843.10 (+¥17.18 / +0.72%); ¥/$104.99
Tags: GameStop (GME US), Sumitomo Metal Mining (5713 JT), Chugai Mining (1491 JT), Toyota Industries (6201 JT), Denso (6902 JT), Mitsubishi Electric (6503 JT), Rohm (6963 JT), Nintendo (7974 JT), Lasertec (6920 JT), Tokyo Electron (8035 JT), Nikon (7731 JT), Diamond Electric (6699 JT), Lecip Holdings (7213 JT), IVU Traffic Technologies (IVU GY), MonotaRO (3064 JT), Misumi (9962 JT), Panasonic (6752 JT), Canon (7751 JT), Nihon Kohden (6849 JT), Amazon (AMZN US), Toyota Motor (7203 JT), Otsuka Corp (4768 JT), Nomura Research Institute (4307 JT), TIS Inc (3626 JT)
Main Points
• Cyclicals to the fore as auto parts stocks join in the earnings fun
• MonotaRO forecasting FY21 OP +26%, splits stock
• Panasonic 3Q OP +16%, revises up
• Nihon Kohden Q3 OP +392% YoY
• Toyota Industries surprises with best Auto OPM ever; Denso revised guidance conservative
• Otsuka Corp results disappoint

02/02/2021 6 EN

Provider

Pelham Smithers Associates Ltd

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.

See profile

Analysts

Lindsay Whipp

Pelham Smithers

William Nestuk

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PSA Today Feb 2: Auto parts join the cyclical fun / MonotaRO's stock split / Considering Panasonic / Nihon Kohden surprise / Toyota Industries best ever Auto OPM / Denso guidance conservative / Otsuka disappoints – Nikkei +0.97%

PSA Research & Consulting Services: BayCurrent (6532 JT) Update 2025

PSA Media & Entertainment: Square Enix (9684 JT) – Back in Play

PSA Today 1 May: Gains as BoJ leaves rates unch, dollar, bonds up / Genki Hoya / ZOZO FY24, FY25 guidance miss / Healthcare round-up / Nxera interest / Insource April KPIs – Nikkei 225 +1.13% | ¥$144.48

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