PSA Today Jan 15: Profit-taking in pro-cyclicals / Toyota fined by DoJ / Mitsubishi Gas Chemical and 5G / Sansan moving to TSE1 and a strong FY20 Q2 performance / Money Forward considered – Nikkei -0.62%
Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman and Lindsay WhippNikkei ¥28,519.18 (-¥179.08 / -0.62%); Topix ¥1,856.61 (-¥16.67 / -0.89%); ¥/$103.75
Tags: Nippon Steel (5401 JT), Mitsubishi Heavy (7011 JT), Canon (7751 JT), Konica Minolta (4902 JT), Ricoh (7752 JT), TSMC (2330 TT), Tokyo Electron (8035 JT), Advantest (6857 JT), Shin-Etsu Chemical (4063 JT), JSR (4185 JT), Shinko Electric (6967 JT), Intel (INTC US), Imagineer (4644 JT), IG Port (3791 JT), Chiome Bioscience (4583 JT), Shanghai Henlius Biotech (2696 HK), Toyota Motor (7203 JT), Mitsubishi Gas Chemical (4182), Sansan (4443 JT), Obic Business Consultants (4733 JT), Orix (8591 JT), Cybozu (4776 JT), Money Forward (3994 JT), Freee kk (4478 JT)
Main Points
• Japan shares end week lower on profit-taking in pro-cyclical names
• Toyota fined for violating reporting requirements
• Mitsubishi Gas Chemical’s 5G exposure
• Sansan performs well in FY20 Q2, Announces shift to the TSE’s 1st Section
• Money Forward beats market expectations for FY20, but a few signs of concern
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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