PSA Today July 29: Tokyo Slightly Lower / Hitachi 1Q misses / Toyota Olympics / Fanuc weak Q1 / Komatsu Q1 disappoints - Nikkei -0.19%
Japan Market Comment by Pelham Smithers, Julie Boote and William NestukNikkei ¥21,616.80 (-¥41.35 / -0.19%); Topix ¥1,568.57 (-¥2.95 / -0.19%); ¥/$108.62
Tags: Keyence (6861 JT), Nidec (6594 JT), CyberAgent (4751 JT), Hitachi (6501 JT), Hitachi High-Tech (8036 JT), Toyota (7203 JT), Fanuc (6954 JT), Komatsu (6301 JT), HCM (6305 JT)
Main Points
• Tokyo slightly lower as HK steals attention
• Hitachi 1Q misses on consensus but delivers in core areas
• Toyota Olympics
• Fanuc weak Q1 but won’t get worse
• Komatsu Q1 disappoints though in-line, says management
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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