PSA Today Feb 3: China markets reopen / Results comments on Tosoh, Shionogi, Murata, Lasertec, Panasonic, MonotaRO , SCSK, NTT Data – Nikkei -1.01%
Japan Market Comment by Pelham Smithers, Joel Scheiman and Lindsay WhippNikkei ¥22,971.94 (-¥233.24 / -1.01%); Topix ¥1,672.66 (-¥11.78 / -0.70%); ¥/$108.63
Tags: Hitachi (6501 JT), Hitachi Construction Machinery (6305 JT), Hitachi High-Technologies (8036 JT), TDK (6762 JT), Mitsubishi Motors (7211 JT), Nissan (7201 JT), KDDI Corp (9433 JT), Tosoh Corp (4042 JT), Organo (6368 JT), Shionogi (4507 JT), Chugai Pharmaceutical (4519 JT), Murata (6981 JT), Apple (AAPL US), Huawei (pvt), Samsung Electronics (005930 KS), Taiyo Yuden (6976 JT), Lasertec (6920 JT), Tokyo Electron (8035 JT), Panasonic (6752 JT), Tesla (TSLA US), Toyota (7203 JT), Canon (7751 JT), GS-Solar (pvt.), CATL (300750 CH), MonotaRO (3064 JT), SCSK (9719 JT), Sumitomo Corp (8053 JT), TIS Inc (3626 JT), Nomura Research Institute (4307 JT), NTT Data (9613 JT)
Main Points
• Nikkei closes below 23,000 as China reopens
• Tosoh’s FY19 3Q OP +7% YoY, beats expectations
• Shionogi reports FY19 3Q OP +2% but revises down on weak Xofluza sales
• Murata’s FY19 3Q beat on strong module OP
• Lasertec: impressive FY20 2Q but underwhelming earnings revision
• Panasonic delivers a FY19 3Q OP gain, but problems are evident
• MonotaRO’s disappointing FY20 guidance
• SCSK produces steady FY19 Q3 results
• NTT Data’s FY19 Q3: Another chance to check progress in the US
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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