PSA Today Nov 6: Back to 1991 highs but Y$ in 103 territory / Results for Square Enix, Sega Sammy, Bandai Namco, Toyota, Honda, Asahi Kasei , Daikin, Daifuku, Minebea Mitsumi, iStyle and Mixi – Nikkei +0.91%
Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk and Thao NguyenNikkei ¥24,325.23 (+¥219.95 / ++0.91%); Topix ¥1,658.49 (+¥8.55 / +0.52%); ¥/$103.46
Tags: Nippon Steel (5401 JT), Nintendo (7974 JT), Eisai (4523 JT), Nikon (7731 JT), Canon (7751 JT), Panasonic (6752 JT), Sega Sammy (6460 JT), Square Enix (9684 JT), Bandai Namco (7832 JT), Toyota Motor (7203 JT), Honda Motor (7267 JT), Asahi Kasei (3407 JT), Daikin (6367 JT), Fujitsu General (6755 JT), Panasonic (6752 JT), Mitsubishi Electric (6503 JT), Daifuku (6383 JT), Fast Retailing (9984 JT), MinebeaMitsumi (6479 JT), Istyle (3660 JT), Mixi (2121 JT)
Main Points
• Nikkei closes at highest since 1991
• Square Enix 2Q OP -19% YoY
• Bandai Namco 2Q OP +4% YoY
• Toyota boost FY20 forecasts on higher sales
• Honda reports strong Q2 earnings
• Asahi Kasei hikes its FY20 guidance
• Daikin soars on brighter FY21 outlook
• 20% guidance beat for Daifuku H1 OP but no full-year upgrade
• MinebeaMitsumi in-line
• Istyle’s FY21 Q1 results
• Mixi’s FY20 Q2 results
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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