PSA Today Oct 23: China slide/ J&J buys CI:Z/Nidec 2Q OP: Y50bil +/Tokyo Steel 2Q/ Toyota stays cool/ Subaru downgrade/The Roundup cancer trial: update/CA's Abema TV adds shareholders – Nikkei -2.67%
Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman and Thao NguyenNikkei ¥22,010.78 (-¥604.04/ -2.67%); Topix ¥1,650.72 (-¥44.59 / -2.63%); ¥/$112.48
Tags: Hitachi Chemical (4217 JP), Lixil (5938 JP), Toyo Seikan (5901), Daihen Corp (6622 JP), Johnson & Johnson (JNJ US), CI:Z Holdings (4924 JP), Shiseido (4911 JP), Pola Orbis (4927 JP), Kitanotatsujin (2930 JP), Yaskawa (6506 JP), Nidec (6594 JP), Panasonic (6752 JP), Tokyo Steel (5423 JP), Toyota (7203 JP), Subaru (7270 JP), Bayer (BAYN GR), Sumitomo Chemical (4005 JP), Nissan Chemical (4021 JP), CyberAgent (4751 JP), Dentsu (4324 JP), Hakuhodo DY Media Partners (pvt.), TV Asahi (9409 JP)
Main Points at a Glance
• Tokyo tests 22,000 as China resumes its slide
• J&J bids ¥5,900/shr for CI:Z
• Nidec breaks the ¥50bil/qtr OP barrier
• Tokyo Steel 2Q ahead of company estimates, in line with market
• Toyota stays cool
• Subaru downgrades FY18 H1 forecast
• Roundup cancer trial advances
• AbemaTV has new shareholders
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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