- Julie Boote
- Pelham Smithers
- Thao Nguyen
- William Nestuk
PSA Today Nov 7: Mixed again / SQE Q2 / Nexon Q3 / Nikon Q2 / Bandai Namco Q2 / Toyota Q2 / MMC Q2 / KH Neochem improves / Daikin pauses / Minebea Mitsumi cuts / Kakaku beats / DeNa misses – Nikkei +0.11%
Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk and Thao NguyenNikkei ¥23,330.32 (+¥26.50 / +0.11%); Topix ¥1,698.13 (+¥3.68 / +0.22%); ¥/$108.76
Tags: NEC (6701 JT), Kawasaki Kisen (9107 JT), Olympus (7733 JT), Colopl Inc (3668 JT), SoftBank Group (9984 JT), PeptiDream (4587 JT), Novartis (NOVN SW), Kleo (pvt.), Square Enix (9684 JT), Nexon (3659 JT), NetEase (NTES US), Nikon (7731 JT), DMG Mori (6141 JT), Bandai Namco (7832 JT), Toyota (7203 JT), Mitsubishi Motor (7211 JT), Nissan (7201 JT) KH Neochem (4189 JT), Showa Denko (4004 JT), Daikin (6367 JT), Minebea Mitsumi (6479 JT), Kakaku.com (2371 JT), DeNA (2432 JT), Nintendo (7974 JT)
Main Points
• Tokyo mixed on renewed trade talk worries
• Square Enix 2Q OP +50%
• Nexon 3Q (Dec) OP +3%
• Nikon 2Q OP -30%, slashed forecast
• Bandai Namco 2Q OP -4%
• Toyota Q2 earnings: FX losses offset by volume gains
• MMC releases FY19 Q2 results
• KH Neochem’s Q3 improved, as expected
• Daikin pauses
• Minebea cuts FY19 OP guidance by 14% mainly on U-Shin acquisition
• Kakaku.com’s earnings beat
• DeNA’s earnings miss
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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