- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
- William Nestuk
PSA Today Feb 6: Risk-on / Nikon comment/ Bandai Namco 3Q / Mazda and Toyota's Q3s / KHI ups, IHI downs / DeNA slumps / Mercari, not good / NTT Data – Nikkei +2.38%
Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk, Thao Nguyen and Lindsay WhippNikkei ¥23,873.59 (+¥554.03 / +2.38%); Topix ¥1,736.98 (+¥35.15 / +2.07%); ¥/$109.91
Tags: Cybozu (4776 JT), Square Enix (9684 JT), Colopl (3668 JT), Nikon (7731 JT), ASML (ASML NA), Canon (7751 JT), Bandai Namco Holdings (7832 JT), Games Workshop (GAW LN), Capcom (9697 JT), Toyota (7203 JT), Mazda (7261 JT), Subaru (7270 JT), Kawasaki Heavy Industries (7012 JT), Rolls Royce (RR / LN), DeNA (2432 JT), Nintendo (7974 JT), Nihon Kotsu Holdings Co., Ltd. (Pvt.), JapanTaxi Co., Ltd. (pvt.), Mercari (4385 JT), Origami Inc. (pvt.), Shinkin Central Bank (8421 JT), NTT DOCOMO (9437 JT), Z Holdings (4689 JT), NTT Data (9613 JT), Nihon Unisys (8056 JT), NTT Corp (9432 JT)
Main Points
• Tokyo gains 500pts in risk-on shift
• Nikon: FY19 3Q OP -81% YoY
• Toyota’s FY19 Q3 earnings fall on FX losses Full year target raised
• Mazda: FY19 Q3 earnings down on Japan sales drop, forex losses
• KHI raises FY19 OP by 7% partly on accounting change
• IHI lowers FY19 OP by 8%
• DeNA slumps on FY19 Q3 huge losses
• Mercari’s FY20 Q2 operating loss wider than expected
• NTT Data: The case for glass half full
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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