PSA Today Oct 25: Falling round the world / Canon revises down/ Hitachi High-Tech 2Q/ Shin-Etsu Polymer's firm results/ HCM raises guidance – Nikkei -3.72%
Japan Market Comment by Pelham Smithers, Joel Scheiman and William NestukNikkei ¥21,268.73 (-¥822.45/ -3.72%); Topix ¥1,600.92 (-¥51.15 / -3.10%); ¥/$111.93
Tags: Microsoft (MSFT US), Tesla (TSLA US), Hyundai Motor (005380 KS), Sony (6758 JP), Yageo (2327 TT), Showa Denko (4004 JP) Tokai Carbon (5301 JP), Canon (7751 JP), Hitachi High-Tech (8036 JP), Hitachi (6501 JP), Shin-Etsu Chemical (4063 JP), Shin-Etsu Polymer (7970 JP), Sumco (3436 JP), Caterpillar (CAT US), Komatsu (6301 JP), HCM (6305 JP)
Main Points at a Glance
• Tokyo sells off, following Wall Street’s decline
• Canon revises down
• Hitachi High-Tech’s 2Q OP +63%
• Shin-Etsu Polymer posts firm results
• HCM raises guidance
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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