PSA Today Feb 3: Profits up, Covid cases down / Sony's huge revision up / Results comments for Z Holdings, Hitachi, Megachips, SQE, Eisai, Kakaku, MMC, Dexerials, Toyota Industries – Nikkei +1.00%
Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman and William NestukNikkei ¥28,646.50 (+¥284.33 / +1.00%); Topix ¥1,871.09 (+¥24.07 / +1.30%); ¥/$105.08
Tags: Toyota Motor (7203 JT), Toyota Industries (6201 JT), Denso (6902 JT), Mitsubishi Motors (7211 JT), Nissan Motor (7201 JT), MonotaRO (3064 JT), Nihon Kohden (6849 JT), Panasonic (6752 JT), Minkabu the Infonoid (4436 JT), Sumitomo Electric (5802 JT), Z Holdings (4689 JT), Kao Corp (4452 JT), Eisai (4523 JT), Kakaku.com (2371 JT), AI Inside (4488 JT), Toppan Printing (7911 JT), Geomatic (6907 JT), Mitsui Mining & Smelting (5706 JT), Sony (6758 JT), Huawei, Nintendo (7974 JT), SoftBank Corp (9434 JT), ZOZO (3092 JT), KDDI (9433 JT), Rakuten (4755 JT), SoftBank Group (9984 JT), Hitachi (6501 JT), Hitachi Construction Machinery (6305 JT), Hitachi Metals (5486 JT), Canon (7751 JT), Megachips (6875 JT), Microsoft (MSFT US), SiTime (SITM US), Square Enix (9684 JT), Capcom (9697 JT), Koei Tecmo (3635 JT), Merck (MRK US), Mitsubishi Motors (7211 JT), Dexerials (4980 JT)
Main Points
• Topix rallies on lower Covid cases, higher profits
• Sony OP +20%, massive upward revision
• Z Holdings 3Q OP -8%, as management goes for growth
• Hitachi 3Q loss but revises up
• Megachips 3Q OP +132% YoY
• Square Enix 3Q OP -21%
• Eisai 3Q OP -41% YoY, revises down
• Kakaku 3Q OP -10% YoY
• Mitsubishi Motors shares surge on profit loss reduction
• Toyota Industries OPMs Too High?
• Dexerials improving trend looks sustainable
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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