PSA Today May 27: Shrugging off the clouds / Sony's PSVR Mega Pack pricing gambit / Dentsu triples FY20 1Q OP / Isuzu's Covid problems / Cybozu: straightening up OP collection – Nikkei +0.70%
Japan Market Comment by Pelham Smithers, Julie Boote and Lindsay WhippNikkei ¥21,419.23 (+¥148.06 / +0.70%); Topix ¥1,549.47(+¥14.74 / +0.96%); ¥/$107.53
Tags: Cybozu Inc (4776 JT), V-Cube Inc (3681 JT), Hitachi (6501 JT), Tokyo Electron (8035 JT), Lasertec (6920 JT), TSMC (2330 TT), Nissan Motor (7201 JT), Renault (RNO FP), Daiichi Sankyo (4568 JT), Takeda Pharmaceutical (4502 JT), Astellas Pharma (4503 JT), Santen Pharmaceutical (4536 JT), Eisai (4523 JT), Ono Pharmaceutical (4528 JT), Sony (6758 JT), Capcom (9697 JT), Bethesda (pvt), Dentsu (4324 JT), WPP (WPP LN), Isuzu (7202 JT), Money Forward (3994 JT)
Main Points
• Tokyo shrugs off US / China worries on domestic stimulus plan
• Sony slashes PSVR Mega Pack price
• Dentsu triples FY20 1Q OP
• Isuzu predicts sharp drop in profits on Covid-19 impact
• Cybozu Feb / Mar OP: Company playing catch-up amid struggles to collect data during Covid-19
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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