- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
- William Nestuk
PSA Today May 15: Finally an up day / Japan Pharma strategy / Nissan's state of emergency, dividend cut / Challenging FY19 targets for Fujikura / Recruit exceeded FY18 guidance / Cybozu rallies strong / IIJ struggles on MNVO charges – Nikke
Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk, Thao Nguyen and Lindsay WhippNikkei ¥21,188.56 (+¥121.33 / +0.58%); Topix ¥1,544.15 (+¥9.17 / +0.60%); ¥/$109.68
Tags: Mitsubishi Estate (8802 JT), Marui (8252 JT), Shinsei Bank (8303 JT), Tokyo Broadcasting System (9401 JT), Sony (6758 JT), Google (GOOG US), Nintendo (7974 JT), Takeda (4502 JT), Eisai (4523 JT), Ono Pharmaceutical (4528 JT), Astellas (4503 JT), Sumitomo Dainippon (4506 JT), Mitsubishi Pharma (4508 JT), Chugai (4519 JT), Daiichi Sankyo (4568 JT), Otsuka Holdings (4578 JT),Shionogi (4507 JT), Gilead (GILD US), Nissan (7201 JT), Subaru (7270 JT), Fujikura (5803 JT), NOK (7240 JT), Recruit Holdings (6098 JT), Cybozu (4776 JT), Internet Initiative Japan (3774 JT), NTT DoCoMo (9437 JT)
Main Points
• Japanese equities break losing streak
• Is Japan pharma losing its appeal?
• Nissan in state of emergency, cuts dividend
• Fujikura guidance challenging
• Recruit’s FY18 results exceed guidance
• Cybozu shares rally following Q1 results
• IIJ FY18 suffers from higher-than-expected MNVO interconnectivity charges
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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