PSA Today Nov 4: Market up as US election race tightens / Sony, TikTok deal / 5G Capex / Ricoh's losses / SoftBank Corps Q2 / Colopl Q2 / Oct US auto sales / Subaru raises FY20 guidance / NTT Data beats Q2 estimates – Nikkei +1.72%
Japan Market Comment by Pelham Smithers, Julie Boote and Lindsay WhippNikkei ¥23,695.23 (+¥399.75 / +1.72%); Topix ¥1,627.25 (+¥61.64 / +5.33%); ¥/$104.94
Tags: Fujikura (5803 JT), NTT Data (9613 JT), SoftBank Corp (9434 JT), KDDI (9433 JT), Anritsu (6754 JT), NEC (6701 JT), Fujitsu (6702 JT), Comsys (1721 JT), SoftBank Group (9984 JT), Ant Group, Alibaba (9988 HK), Mitsubishi Chemical Holdings (4188 JT), Base Inc (4477 JT), Rakus (3923 JT), Freee (4478 JT), Sony (6758 JT), TikTok, Kyowa Exeo (1951 JT), Mirait (1417 JT), NEC (6701 JT), Keysight (KEYS US), Fujitsu (6702 JT), Ricoh (7752 JT), Canon (7751 JT), Kyocera (6971 JT), Ricoh Leasing (8566 JT), Z Holdings (4689 JT), Colopl (3668 JT), Square Enix (9684 JT), Apple (AAPL US), Toyota (7203 JT), Subaru (7270 JT), Mazda (7261 JT), Honda (7267 JT), Nissan (7201 JT), Mitsubishi Motors (7211 JT)
Main Points
• Market higher as presidential race tightens
• Sony in key TikTok deal
• 5G capex back in the news
• Ricoh slashes forecasts after 2Q loss
• SoftBank Corp 2Q OP ¥310bil +9% YoY
• Colopl 4Q FY20 OP +20% YoY
• Positive US sales growth for Toyota, Subaru, Mazda in October
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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