PSA Today Oct 27: Shrugging off Wall Street thanks to supportive earnings / Fujitsu's 2Q / MonotaRO's 3Q / Gree's FY21 Q1 beat / Considering Obic and OBC – Nikkei -0.04%
Japan Market Comment by Pelham Smithers, Thao Nguyen and Lindsay WhippNikkei ¥23,485.80 (-¥8.54 / -0.04%); Topix ¥1,617.53 (-¥1.45 / -0.09%); ¥/$104.77
Tags: Canon (7751 JT), Hoya (7741), Nitto Denko (6988), Murata (6981 JT), Bengo4.com (6027 JT), Shin-Etsu Chemical (4063 JT), JSR (4185 JT), Nintendo (7974 JT), Koei Tecmo (3635 JT), Fujitsu (6702 JT), NEC (6701 JT), MonotaRO (3064 JT), Gree (3632 JT), Obic Business Consultants (4733 JT), Obic (4684 JT), JPMorgan Chase (JPM US), Freee KK (4478 JT), Money Forward (3994 JT), PCA Corp (9629 JT)
Main Points
• Japan shrugs off Wall Street sell-off as earnings prove supportive
• Fujitsu 2Q FY20 (Mar) OP -41% YoY
• MonotaRO 3Q FY20 (Dec) OP +43%
• Gree’s FY21 Q1 (Jun) Beat
• Obic Business Consultants FY20 (Mar) H1 forecast miss vs Obic’s hit highlights Covid-19 pressure on SMEs
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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