PSA Today Oct 26: Bad week / Hitachi 2Q OP / Ricoh 2Q / MonotaRO 3Q / CyberAgent's miss/ Recruit and Indeed – Nikkei -0.40%
Japan Market Comment by Pelham Smithers and Thao NguyenNikkei ¥21,184.60 (-¥84.13/ -0.40%); Topix ¥1,596.01 (-¥4.91 / -0.31%); ¥/$112.15
Tags: Intel (INTC US), Yaskawa (6506 JP), Fanuc (6954 JP), Harmonic Drive Systems (6324 JP), Fujitsu (6702 JP), Hitachi High-Tech (8036 JP), CyberAgent (4751 JP), Canon (7751 JP), Clarion (6796 JP), Hitachi (6501 JP), Faurecia (EO FP), Suzuki Motor (7269 JP), Maruti Suzuki (MSIL IN), Hitachi Metals (5486 JP), Hitachi Chemical (4217 JP), Ricoh (7752 JP), MonotaRO (3064 JP), M3 Inc (2413 JP), Dentsu (4324 JP), Recruit (6098 JP), Wantedly (3991 JP)
Main Points at a Glance
• Tokyo closes bad week lower
• Hitachi’s 2Q OP +17%
• Ricoh’s 2Q OP up as sales shrink
• MonotaRO’s 3Q underwhelms
• CyberAgent missed consensus targets; we remain positive on AbemaTV’s potential
• Recruit: approaching a nice entry point
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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