PSA Today July 29: Earnings are a real worry / Screen disappoints / M3: Q1, and a look at Medley / Bleak for Nissan / LINE disappoints / NTT Data, NRI, and forecasting – Nikkei -1.15%
Japan Market Comment by Pelham Smithers, Julie Boote, Thao Nguyen and Lindsay WhippNikkei ¥22,397.11 (-¥260.27 / -1.15%); Topix ¥1,549.04 (-¥20.08 / -1.28%); ¥/$104.87
Tags: Canon (7751 JT), Nissan Motor (7201 JT), Fanuc (6954 JT), Nidec (6594 JT), Tokyo Electron (8035 JT), Cybozu (4776 JT), ANA (9202 JT), Tokyo Electric Power (9501 JT), Kao (4452 JT), Japan Airlines (9201 JT), Screen Holdings (7735 JT), Disco (6146 JT), Intel (INTC US), TSMC (2330 TT), Huawei, Advantest (6857 JT), Ulvac (6728 JT), M3 Inc (2413 JT), LINE Corp (3938 JT), Medley (4480 JT), Mitsubishi Motors (7211 JT), Renault (RNO FP), Z Holdings (4689 JT), Naver (035420 KS), NTT Data (9613 JT), Nomura Research Institute (4307 JT)
Main Points
• Market closes lower as earnings fears start to be realized
• Screen disappoints on guidance
• M3 reports FY20 1Q OP +26% YoY
• Nissan shares fall on bleak earnings outlook
• LINE’s disappointing FY20 Q2
• NTT Data: To forecast, or not to forecast?
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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