PSA Today Nov 1: Risk off / KDDi's OP growth / Ricoh: it's complicated / Mazda hope / ZOZO's Q2 – Nikkei -0.33%
Japan Market Comment by Pelham Smithers, Julie Boote and Thao NguyenNikkei ¥22,850.77 (-¥76.27 / -0.33%); Topix ¥1,666.50 (-¥0.51 / -0.03%); ¥/$108.98
Tags: Nintendo (7974 JT), Murata (6981 JT), Taiyo Yuden (6976 JT), KDDI (9433), NTT DOCOMO (9437 JT), SoftBank Corp (9434 JT), Ricoh (7752 JT), Mazda (7261 JT), Subaru (7270 JT), ZOZO (3092 JT), Z Holdings (4689 JT)
Main Points
• Nikkei slides in “return to risk-offâ€
• KDDI returns to double-digit OP growth
• Ricoh suffers hit to earnings but does increase revenues
• Mazda reports Q2 results; FY19 guidance cut due to FX
• ZOZO’s FY19 Q2 results below the lowest street estimates but FY guidance achievable
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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