- Julie Boote
- Lindsay Whipp
- Pelham Smithers
- William Nestuk
PSA Today May 12: Profit taking extends to cyclicals / Nexon's results / Toyota Motor's positive outlook / Daifuku still a FY22 story / No copper hedging at Daikin / Toyota Industries rises again / TIS outlook weak vs larger peers – Nik
Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk and Lindsay WhippNikkei ¥28,147.51 (-¥461.08 / -1.61%); Topix ¥1,877.95 (-¥27.97 / -1.47%); Mothers ¥1,095.85 (-¥21.50 / -1.92%); ¥/$108.80
Tags: Nissan Motor (7201 JT), KH Neochem (4189 JT), Internet Initiative Japan (3774 JT), Capcom (9697 JT), Square Enix (9684 JT), JSR (4185 JT), Eneos (5020 JT), Tokyo Ohka Kogyo (4186 JT), Softbank Group (9984 JT), Nexon (3659 JT), Embark Studios, CyberAgent (4751 JT), Toyota Motor (7203 JT), Daifuku (6383 JT), Daikin (6367 JT), Toyota Industries (6201 JT), TIS Inc (3626 JT), Nomura Research Institute (4307 JT), NTT Data (9613 JT)
Main Points
• Tokyo slides further as profit taking extends to cyclicals
• Nexon FY21 1Q OP +4% YoY
• Toyota reports strong FY20 Q4 earnings, positive outlook
• Daikin: no hedge for copper as “too risky”
• Toyota Industries: up for second day
• TIS Inc forecasts look weak compared with larger rivals
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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