PSA Today May 13: Six days down / Hitachi's subsidiary spin-offs / Square Enix off cycle / Isuzu's Cautious FY19 forecast / Daifuku's outlook shifts to FY20 / Trend Micro's dull FY19 Q1 / Mixi's Monster Strike loses its magic – Nikkei -0.72
Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk and Thao NguyenNikkei ¥21,191.28 (-¥153.64 / -0.72%); Topix ¥1,541.14 (-¥8.28/ -0.53%); ¥/$109.74
Tags: SoftBank Group (9984 JT), Uber (UBER US), Harmonic Drive Systems (6324 JT), Tomy (7867 JT), Morinaga Milk (2264 JT), JCR Pharma (4552 JT), Olympus (7733 JT), Suzuki (7269 JT), Nintendo (7974 JT), Tencent (700 HK), Hitachi (6501 JT), Hitachi Chemical (4217 JT), Hitachi High-Technologies (8036 JT), Toshiba (6502 JT), Canon (7751 JT), Fujifilm (4901 JT), Square Enix (9684 JT), Activision (ATVI US), Electronic Arts (EA US), Take Two (TTWO US), Sony (6758 JT), Akatsuki (3932 JT), Capcom (9697 JT), Sony (6758 JT), CyberAgent (4751 JT), Nexon (3659 JT), Isuzu (7202 JT), Hino Motors (7205 JT), Daifuku (6383 JT), Trend Micro (4704 JT), Mixi (2121 JT)
Main Points
• Tokyo takes losing streak to six on domestic earnings, international trade
• Hitachi may spin off listed subsidiaries
• Square Enix: Decent 4Q effort, but…
• Isuzu predicts weak growth, rising expenses
• Daifuku: story shifts to FY20
• Trend Micro’s uninspiring FY19 Q1
• Mixi collapses as Monster Strike loses its magic
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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