PSA Today July 28: Concerns on earnings / TEL FY20 Q1 OP +68% YoY / Canon's 1st Quarterly Loss / MMC's FY20 dire / Machinery results / Cybozu revises up / Clues on cashless from TIS - Nikkei -0.26%
Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk and Lindsay WhippNikkei ¥22,657.38 (-¥58.47 / -0.26%); Topix ¥1,569.12 (-¥7.57 / -0.48%); ¥/$105.53
Tags: Daiichi Sankyo (4568 JT), AstraZeneca (AZN LN), Shionogi (4507 JT), Ping An Insurance (2318 HK), Chugai Pharmaceutical (4519 JT), Canon Marketing Japan (8060 JT), Canon (7751 JT), Nitto Denko (6988 JT), Mitsubishi Motors (7211 JT), Tokyo Electron (8035 JT), Disco (6146 JT), Nikon (7731 JT), Advantest (6857 JT), Intel (INTC US), Lasertec (6920 JT), Jeol (6951 JT), Tokyo Seimitsu (7729 JT), Canon Electronic (7739 JT), Hitachi Construction Machinery (6305 JT), Komatsu (6301 JT), Nabtesco (6268 JT), Cybozu (4776 JT), TIS Inc (3626 JT), Nomura Research Institute (4307 JT)
Main Points
• Nikkei closes lower amid growing concerns over earnings season
• Tokyo Electron FY20 Q1 OP +68% YoY
• Canon reports first quarterly loss
• Mitsubishi Motors predicts massive FY20 operating loss
• HCM fades in China; Positive for Nabtesco
• Good Q1 from Fanuc spoiled by weak guidance
• Cybozu raises FY20 guidance on strong sales
• TIS Inc FY20 Q1 is chance to get update on cashless payments
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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