- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
- William Nestuk
PSA Today May 10: Lower on earnings / Game software: tough times / MMC: jam tomorrow / Subaru's FY18, FY19 / Daikin delivers / Pondering Daifuku / Mercari's Q3 miss / Vague NTT Data – Nikkei -0.27%
Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk, Thao Nguyen and Lindsay WhippNikkei ¥21,344.92 (-¥57.21 / -0.27%); Topix ¥1,549.42 (-¥1.29 / -0.08%); ¥/$109.74
Tags: Panasonic (6752 JT), Fujitsu (6702 JT), Nikon (7731 JT), Sharp (6753 JT), Ricoh (7752 JT), Tokai Carbon (5301 JT), Showa Denko (4004 JT), Mitsui E&S (7003 JT), Ajinomoto (2802 JT), DeNA (2432 JT), Mixi (2121 JT), Capcom (9697 JT), Activision (ATVI US), Bandai Namco (7832 JT), Konami (9766 JT), Koei Tecmo (3635 JT), Sega Sammy (6460 JT), Nexon (3659 JT), Colopl (3668 JT), KLab (3656 JT), Electronic Arts (EA US), Mitsubishi Motors (7211 JT), Nissan (7201 JT), Renault (RNO FP), Mazda (7261 JT), Subaru (7270 JT), Daikin (6367 JT), Fujitsu General (6755 JT), Daifuku (6383 JT), Fast Retailing (9983 JT), Mercari (4385 JT), LINE (3938 JT), Yahoo Japan (4689 JT), NTT Data (9613 JT), NTT Corp (9432 JT), Nomura Research Institute (4307 JT), TIS Inc (3626 JT)
Main Points
· Tokyo lower on earnings
· Tougher times ahead for game software
· Mitsubishi Motors: Weaker margins on rising costs
· Subaru: Higher expenses set to curtail recovery
· Daikin delivers
· Daifuku good FY18 neutral FY19 guidance
· Mercari’s Q3 earnings miss
· NTT Data beats FY18 guidance, but gives weak FY19 forecasts and vague new mid-term plan
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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