Pelham Smithers Associates Ltd - PSA Today Jan 27: Earnings, stories impress / Digital salaries / Nidecs EV vision / In 5G, an LCP alternative / Results for JAE, CyberAgent, Fanuc, Shin-Etsu Chem, Obic, OBC, Cybozu – Nikkei +0.31%

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Pelham Smithers Associates Ltd

Joel Scheiman ...

Julie Boote
Lindsay Whipp
Pelham Smithers
William Nestuk

PSA Today Jan 27: Earnings, stories impress / Digital salaries / Nidec's EV vision / In 5G, an LCP alternative / Results for JAE, CyberAgent, Fanuc, Shin-Etsu Chem, Obic, OBC, Cybozu – Nikkei +0.31%

Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk, and Lindsay Whipp
Nikkei ¥28,635.21 (+¥89.03 / +0.31%); Topix ¥1,860.07 (+¥12.07 / +0.65%); ¥/$103.68
Tags: Nitto Denko (6988 JT), Ryosan (8140 JT), Disco (6146 JT), Obic (4684 JT), Canon (7751 JT), M3 (2413 JT), Hitachi (6501 JT), SoftBank Corp (9434 JT), SoftBank Group (9984 JT), Z Holdings (4689 JT), ZOZO (3092 JT), Zoom (ZM US), V-Cube (3681 JT), Sony (6758 JT), Square Enix (9684 JT), Taiyo Industrial (6663 JT), Metaps (6172 JT), Miroku Jyoho Service (9928 JT)Nidec (6594 JT), SAIC Motor (600104 CH), Omron Corp (6645 JT), Nissan Motor (7201 JT), Taiyo Industries (6663 JT), Metaps (6172 JT), Miroku Jyoho (9928 JT), Jig-Saw (3914 JT), Sakai Heavy (6358 JT), Kumagai Gumi (1812 JT), SRE Holdings (2980 JT), Sansan (4443 JT), DocuSign (DOCU US), Seven Bank (8410 JT), Nidec (6594 JT), SAIC Motor (600104 CH), Omron Corp (6645 JT), Nissan Motor (7201 JT), Murata (6981 JT), NEC (6701 JT), Japan Aviation Electronics (6807 JT), NEC Systems (1973 JT), Apple (AAPL US), CyberAgent (4751 JT), Z Holdings (4689 JT), Fanuc (6954 JT), Shin-Etsu Chemical (4063 JT), Renesas Electronics (6723 JT), Asahi Kasei (3407 JT), Sumco (3436 JT), Globalwafers (6488 TT), Siltronic (WAF GY), Obic (4684 JT), Oracle Corp Japan (4716 JT), Obic Business Consultants (4733 JT), PCA Corp (9629 JT), Cybozu (4776 JT)
Main Points
• Nikkei trades higher as earnings, news stories impress
• Japan government to lift ban on digital salary payments?
• Nidec’s EV Vision
• Modified polyimide as an alternative to LCP in 5G circuits
• JAE 3Q FY20 OP Good Enough for Earnings Upgrade
• CyberAgent disappoints on the gaming side, but races ahead with Abema
• Powerful Q3 for Fanuc led by robotics / robodrills
• Shin-Etsu Chemical, PVC front and center
• Obic produces steady FY20 Q3 earnings
• Obic Business Consultants strikes more negative tone than largest shareholder Obic
• Cybozu posts strong December cloud sales

27/01/2021 9 EN

Provider

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.

See profile

Analysts

Joel Scheiman

Julie Boote

Lindsay Whipp

Pelham Smithers

William Nestuk

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The PSA Research Round-Up for the Week to 2 May 2025

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Lindsay Whipp

Lindsay Whipp

PSA Research & Consulting Services: BayCurrent (6532 JT) Update 2025

BayCurrent (6532 JT) is a pure-play Japanese IT and management consultancy company which is growing sales faster than the broader market, thanks to robust hiring, and a strategy of increasing the number of its core clients. Increasing hiring by around +20% YoY is limiting utilisation growth, but we expect gradual improvement from FY26. Spending on IT is a long-term investment in efficiency and a solution to labour shortages, both of which need addressing in Japan. This places IT Service sector companies like BayCurrent in demand.

22h 22h 1 EN

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PSA Today Jan 27: Earnings, stories impress / Digital salaries / Nidec's EV vision / In 5G, an LCP alternative / Results for JAE, CyberAgent, Fanuc, Shin-Etsu Chem, Obic, OBC, Cybozu – Nikkei +0.31%

The PSA Research Round-Up for the Week to 2 May 2025

PSA Today 2 May: US China talks? / Japan US trade talks Part 2 / MSFT Xbox price raised / US auto scramble / Daikin 5-wk high / DeNA FY24 preview / DTS strong outlook / Genki Nxera – Nikkei 225 +1.04%

PSA Research & Consulting Services: BayCurrent (6532 JT) Update 2025

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