PSA Today May 8: Sunny market / NEC revises up / Ricoh, Alps Alpine 4Qs / Capcom's FY20 / In the US, airbag issue relief / Minebea-Mitsumi surprise / Materials moves – Nikkei +2.56%
Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman and William NestukNikkei ¥20,179.09 (+¥504.32 / +2.56%); Topix ¥1,458.28 (+¥31.55 / +2.21%); ¥/$106.32
Tags: GMO Internet (9449 JT), SBI Holdings (8473 JT), Nintendo (7974 JT), NEC (6701 JT), Fujitsu (6702 JT), Ricoh (7752 JT), Canon (7751 JT), Alps Alpine (6770 JT), Murata (6981 JT), Huawei (pvt), Apple (AAPL US), Capcom (9697 JT), Honda (7267 JT), Volkswagen (VOW GR), Minebea Mitsumi (6479 JT), Teijin (3401 JT), Hoya (7741 JT), Fujifilm Holdings (4901 JT), Sumitomo Metal Mining (5713 JT), Sumco (3436 JT), Shin-Etsu Chemical (4063 JT)
Main Points
• Another “Crisis? What crisis?†market
• NEC revises up
• Ricoh FY19 4Q OP ¥9.6bil +26% YoY
• Alps Alpine FY19 4Q operating loss ¥4.5bil
• Capcom forecasts ¥25.5bil in FY20 OP
• Relief for automakers as huge airbag recall is out on hold
• Minebea Mitsumi offers near-flat FY20 guidance led by the Mitsumi (Switch) Division
• Material Moves
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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