PSA Today Oct 26: Flat major markets but Mothers still plummeting / Canon's 3Q / Koei Tecmo's 2Q / Nidec's Q2 – Nikkei -0.09%
Japan Market Comment by Pelham Smithers and Julie BooteNikkei ¥23,494.34 (-¥22.25 / -0.09%); Topix ¥1,618.98 (-¥6.34 / -0.39%); ¥/$1.4.85
Tags: Mercari (4385 JT), BASE Inc (4477 JT), Bengo4.com (6027 JT), Murata (6981 JT), Tokyo Steel (5423 JT), Nippon Steel (5401 JT), JFE (5411 JT), Canon (7751 JT), Canon Marketing (8060 JT), NEC (6701 JT), Huawei, Vodafone (VOD LN), Koei Tecmo (3635 JT), Nidec (6594 JT)
Main Points
• Flat day for large caps as Mothers continues to plummet
• Canon 3Q FY20 OP better than expected
• Koei Tecmo 2Q FY20 OP +64% YoY
• Nidec reports strong FY20 Q2 earnings
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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