PSA Today May 21: Mixed market as Dollar Surges to / Konami PES Tournament / Ricoh / SMC, SGK Spark/ Questions Sony Needs to Address at Analyst Day / Auto Sector Weakness Despite FX, Financial Services Set to Deteriorate - Nikkei +0.31%
Japan Market Comment by Pelham Smithers, Julie Boote and William NestukNikkei ¥23,002.37 (+¥72.01 / +0.31%); Topix ¥1,813.75 (-¥1.50/ -0.08%); ¥/$111.31
Tags: Konami (9766), CyberAgent (4751 JP), Square Enix (9684 JP), Capcom (9697 JP), Ricoh (7752 JP), SBS Holdings (2384 JP), Fujifilm (4901 JP), Xerox (XRX US), Advantest (6857 JP), Tokyo Electron (8035 JP), SMC (6273 JP), NGK Spark Plug (5334 JP), Mitsubishi Electric (6503 JP), Micron (MU US), Sprint (S US), Sony (6758 JP), Samsung Electronics (005930 KS), STMicroelectronics (STM FP), LG Electronics (066570 KS), Xiaomi (pvt), Olympus (7733 JP), Facebook (FB US), Subaru (7270 JP), Toyota (7203 JP), Honda (7267 JP), Nissan (7201 JP)
Main Points at a Glance
• Mixed market as dollar surges
o Konami sees action in eSports
o Market unimpressed with Ricoh’s restructuring
o Poor day for SPE-plays
o Currency sensitive SMC and NGK Spark Plug outperform
o Mitsubishi Electric’s analyst meeting fails to impress
• Questions that need answering as Sony meets investors
• Lacklustre performance of Auto Sector despite Yen weakness; Auto financial services set to deteriorate
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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