PSA Today Nov 11: Now, YTD Topix is up, too / Toshiba 2Q / GMO Internet 3Q / NEC's work / Daikin, Fanuc moving up on sunny prospects / GMO Financial Gate's FY20 results / TIS: FY20 numbers – Nikkei +1.78%
Japan Market Comment by Pelham Smithers, William Nestuk, Thao Nguyen and Lindsay WhippNikkei ¥25,349.60 (+¥444.01 / +1.78%); Topix ¥1,729.07 (+¥28.27 / +1.66%); ¥/$105.33
Tags: Hitachi (6501 JT), Orix (8591 JT), Nintendo (7974 JT), Nexon (3659 JT), Tencent (700 HK), SoftBank Group (9984 JT), Alibaba (9988 HK), Toshiba (6502 JT), Kioxia, GMO Internet (9449 JT), GMO Financial Holdings (7177 JT), Sumitomo Mitsui Financial Group (8316 JT), NEC (6701 JT), Mizuho Financial Group (8411 JT), Daikin (6367 JT), Fanuc (6954 JT), Daifuku (6383 JT), SMC (6383 JT), GMO Financial Gate (4051 JT), TIS Inc (3626 JT)
Main Points
• Another market gain sees Topix erase year’s losses
• Toshiba 2Q OP ¥15.7bil -64% YoY
• GMO Internet 3Q FY20 (Dec) OP -32% YoY
• NEC selected as vendor for SMBC next generation banking platform
• Daikin soars on brighter FY21 outlook
• Fanuc touches ¥24,000 level for first time in 30 months
• GMO Financial Gate’s FY20 results
• TIS Inc raises FY20 forecasts slightly on consolidation of Thai subsidiary
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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