PSA Today May 13: Mixed market / Sony's 4Q / Nexon's strength / Toyota outshining Honda / Daifuku's ATH / Daikin in a sweet spot / Solid, shareholder friendly TIS – Nikkei -0.49%
Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk and Lindsay WhippNikkei ¥20,267.05 (-¥99.43 / -0.49%); Topix ¥1,474.69 (-¥2.03 / -0.14%); ¥/$106.97
Tags: Internet Initiative Japan (3774 JT) , Cybozu (4776 JT), PCA (9629 JT), DTS (9682 JT), GMO Payment (3769 JT), GMO Internet (9449 JT), SBI Holdings (8473 JT), NEC (6701 JT), Fujitsu (6702 JT), Shionogi (4507 JT), Nexon (3659 JT), NC Soft Corp (036570 KS), Sony (6758 JT), Huawei (pvt), Nexon (3659 JT), Toyota (7203 JT), Honda (7267 JT), Daifuku (6383 JT), Nabtesco (6268 JT), Daikin (6367 JT), TIS Inc (3626 JT), Nomura Research Institute (4307 JT), Stripe (pvt), SAP SE (SAP US)
Main Points
• Mixed market as Lockdown stocks rally after encouraging results
• Sony FY19 4Q OP -57% YoY
• Nexon FY20 1Q OP -21% YoY
• Toyota outshines Honda in Q4
• Daifuku closes at record level
• Daikin likely to beat FY20 guidance handily
• TIS Inc tempers no-growth forecast with dividend hike and share buyback
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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