PSA Today May 8: Big results day / Nintendo's new service / Capcom's FY18CE / Sato Holdings strong /Takeda: Shire agreement/ Don't dismiss Dexerials /Sumi Chem, Petro Rabigh & IFRS / Minebea Mitsumi; Yaskawa; Fanuc's Roboshot / istyle - N
Japan Market Comment by Pelham Smithers, Joel Scheiman, William Nestuk and Thao NguyenNikkei ¥22,508.69 (+¥41.53 / +0.18%); Topix ¥1,779.82(+¥6.64 / +0.37%); ¥/$109.03
Tags: Sumitomo Corp (8053 JP), Mitsubishi Corp (8058 JP), Takeda (4502 JP), Kepco (9503 JP), CyberAgent (4751 JP), Sony (6758 JP), Nintendo (7974 JP), Microsoft (MSFT US), Sato Holdings (6287), NEC (6701 JP), Capcom (9697 JP), Shire (SHP LN), Dexerials (4980 JP), Nissha (7915 JP), Sumitomo Chemical (4005 JP), Petro Rabigh (PETROR AB), Sumitomo Dainippon Pharma (4506 JP), Minebea Mitsumi (6479 JP), Yaskawa (6506 JP), Fanuc (6954 JP), istyle (3660 JP)
Main Points at a Glance
• Japanese equities marginally higher as market awaits big results day
• Nintendo starts subscription service
• Capcom falls well short of consensus forecasts as dire pachislot numbers partially offset strong video game business
• Sato Holdings results ahead of guidance, strong growth forecast
• Takeda gets agreement to buy Shire
• Too early to dismiss Dexerials
• Sumitomo Chemical, Petro Rabigh and IFRS
• Minebea Mitsumi and IFRS
• Yaskawa breaks its 9-day losing streak
• Fanuc’s Roboshot
• istyle suffers as earnings fail to meet consensus
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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