- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
- William Nestuk
PSA Today Feb 7: And breathe / 3Q comments on IIJ, Ricoh, Taiyo Yuden, SoftBank Corp / Weak Japan macro / Declining Honda /Fujifilm lowers guidance / TIS's firm Q3 / NS Solutions: daylight – Nikkei -0.19%
Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk, Thao Nguyen and Lindsay WhippNikkei ¥23,827.98 (-¥45.61 / -0.19%); Topix ¥1,732.14 (-¥4.84 / -0.28%); ¥/$109.88
Tags: SoftBank Group (9984 JT), I’Rom Group (2372 JT), Bandai Namco (7832 JT), Nikon (7731 JT), Olympus (7733 JT), TV Asahi (9409 JT), NTV (9404 JT), TBS (9401 JT), Asahi Kasei (3407 JT), Internet Initiative Japan (3774 JT), Ricoh (7752 JT), Hitachi (6501 JT), Taiyo Yuden (6976 JT), Murata (6981 JT), TDK (6762 JT), SoftBank Corp (9434 JT), KDDI (9433 JT), Z Holdings (4689 JT), LINE Corp (3938 JT), ZOZO Inc (3092 JT), Honda (7267 JT), Fujifilm Holdings (4901 JT), Xerox Corp (XRX US), Gilead Sciences (GILD US), Zhejiang Hisun Pharmaceutical (600267 CH), mixi (2121 JT), Net Dreamers Co., Ltd. (pvt.), Chiba Jets Funabashi Inc. (pvt.), TIS Inc (3626 JT), SCSK Corp (9719 JT), Obic (4684 JT) Nomura Research Institute (4307 JT), Mitsubishi UFJ Financial Group (8306 JT), NS Solutions (2327 JT), Net One Systems (7518 JT), Toshiba (6502 JT)
Main Points
• Japanese equities finally take a breather
• IIJ: FY19 OP Q3l +22% YoY
• Ricoh: FY19 3Q OP -24% YoY
• Taiyo Yuden: FY19 3Q OP -20% YoY
• SoftBank Corp: FY19 3Q OP +15% YoY
• More weak economic data from Japan
• Honda posts Q3 profit decline on currency losses, lower sales
• Fujifilm lowers guidance, talks up documents
• mixi revises FY guidance upward but we remain uninterested
• TIS Inc: FY19 Q3 OP outperforms, announces 3:1 stock split
• NS Solutions revises down years of results; suspicious transactions investigated
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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