PSA Today July 25:Tokyo department store sales kindle market/Nikon/Nidec's Q1/ Advantest's blow-out/Shin-Etsu under eggs /Fanuc disappoints - Nikkei+0.46%
Japan Market Comment by Pelham Smithers, Joel Scheiman and William NestukNikkei ¥22,614.25 (+¥103.77 / +0.46%); Topix ¥1,753.48 (+¥6.62/ +0.38%); ¥/$111.27
Tags: Advantest (6857 JP), Nidec (6594 JP), Fanuc (6954 JP), Shin-Etsu Chemical (4063 JP), Obic (4684 JP), LINE (3938 JP), M3 Japan (2413 JP), Nikon (7731 JP), Canon (7751 JP), Nidec (6594 JP), Tokyo Electron (8035 JP), Shinko Electric (6967 JP), Shin-Etsu Polymer (7970 JP)
Main Points at a Glance
• Market up – on strong Tokyo department store figures
• Nikon to re-enter the mirrorless market
• Nidec FY18 1Q as expected
• Advantest reports a blow-out FY18 1Q
• Shin-Etsu issues admittedly conservative guidance
• Fanuc revises up H1 OP by only 10%
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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