- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
- William Nestuk
PSA Today July 31: Frayed nerves / Murata beats / Panasonic's struggles / Hino's weak Q1 / Denso, Aisin Seiki / Nabtesco / ZOZO beats / SCSK's record figures - Nikkei -0.87%
Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk, Thao Nguyen and Lindsay WhippNikkei ¥21,521.53 (-¥187.78 / -0.87%); Topix ¥1,565.14 (-¥10.44/ -0.66%); ¥/$108.58
Tags: Sony (6758 JT), Nintendo (7974 JT), ZOZO (3092 JT), Enigmo (3665 JT), iStyle (3660 JT), Konica Minolta (4902 JT), Apple (AAPL US), TDK (6762 JT), Murata (6981 JT), Semco (009150 KS), Panasonic (6752 JT), Toyota (7203 JT), LG Electric (066570 KS), Hino Motors (7205 JT), Denso (6902 JT), Aisin Seiki (7259 JT), Nabtesco (6268 JT), ZOZO (3092 JT), SCSK (9719 JT), NTT Data (9613 JT), Nomura Research Institute (4307 JT)
Main Points
• Market trudges lower as trade nerves fray
• Murata beats tough consensus on MLCCs, cost-cutting
• Panasonic’s struggles
• Hino Q1 earnings drop on weak Asian sales
• Denso maintains guidance despite costs; Aisin lowers OP by 11%
• Nabtesco’s neutral Q2I
• ZOZO Q1 earnings beat
• SCSK: When record earnings aren’t enough
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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