Report
Joel Scheiman ...
  • Julie Boote
  • Pelham Smithers

PSA Today Feb 9: Market slides further/ MGM Resorts CEO in Tokyo /Capcom's MHW at 6mil sales/ Nissan's Q3 - two shadows/ Kaneka back on track / Toray: Auto-use Carbon Fiber weak/ Nabtesco FY18CE disappoints

PSA Today Feb 9: Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk and Thao Nguyen
Nikkei ¥21,382.62 (-¥508.24 / -2.3%); Topix- ¥1,731.97 (-¥33.72 / -1.9%); ¥/$109.00
Tags: Nexon (3659 JP), Bandai Namco (7832), Kaneka (4118 JP), Shiseido (4911 JP), Sankyo (6417 JP), Heiwa (6412 JP (¥2,216 +2.0%), Kitanotatsujin (2930 JP), MGM Resorts (MGM US), LV Sands (LVS US), Melco Holdings (MLCO US), Konami (9766 JP), Sega Sammy (6460 JP), Sankyo (6417 JP), Heiwa (6412 JP), Capcom (9697 JP), Universal (6425 JP), Fields (2767 JP), Square Enix (9684 JP), Glory (6457 JP), Japan Cash Machine (6418 JP), IIJ (3774 JP), Dynam Japan (6889 HK), Niraku GC Holdings (1245 HK), Okura Holdings (1655 HK), Capcom (9697 JP), Nissan (7201 JP), Dexerials (4980 JP), Toray (3402 JP), BMW (BMW GY), SGL Carbon (SGL GY), Nabtesco (6268 JP), DeNA (2432 JP), Nintendo (7974 JP), Pixelberry Studios

Main Points at a Glance 
• Market slides as Wall Street enters technical “correction”  
• MGM Resorts CEO in Tokyo  
• Capcom – Monster Hunter: World sales hit 6mil mark  
• Nissan: FY17 Q3 Results Overshadowed by Two Negatives  
• Kaneka responds positively to a better FY17 Q3  
• Toray’s FY17 Q3 highlights slow carbon fiber adoption in autos  
• Nabtesco’s disappointing guidance  
• DeNA May Not be Able to Continue FY16’s Good Story in FY17  
• Nexon’s Shares Soar Despite Q4 Underperformance 

Provider
Pelham Smithers Associates Ltd
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. 

Analysts
Joel Scheiman

Julie Boote

Pelham Smithers

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