PSA Today July 24: It's all tech / Nidec's nasty surprise / We knew about Canon / Strong Shin-Etsu / Machinery and the SPE theme - Nikkei +0.41%
Japan Market Comment by Pelham Smithers, Joel Scheiman and William NestukNikkei ¥21,709.57 (+¥88.69/ +0.41%); Topix ¥1,575.09 (+¥6.27 / +0.40%); ¥/$108.12
Tags: Nidec (6594 JT), Canon (7751 JT), Advantest (6857 JT), Shin-Etsu Chemical (4063 JT), Koa (6999 JT), Rohm (6963 JT), Toyota (7203 JT), Nissan (7201 JT), Honda (7267 JT), Yaskawa (6506 JT), SMC (6273 JT), Fanuc (6954 JT), Daifuku (6383 JT)
Main Points
• Tech stocks lead market higher for a second day
• Nidec in sharp 1Q OP decline; surprise
• Canon 2Q weak, as Nikkei predicted
• Shin-Etsu turns in a strong Q1, hikes dividend
• Yaskawa, SMC rise on SPE spin
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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