PSA Today Oct 29: Flat is good / NEC's 2Q / Panasonic's 2Q / Fanuc's positive surprise / LINE's Q3 / NRI's Q2 – Nikkei -0.37%
Japan Market Comment by Pelham Smithers, William Nestuk and Lindsay WhippNikkei ¥23,331.94 (-¥86.57 / -0.37%); Topix ¥1,610.93 (-¥1.62 / -0.10%); ¥/$104.29
Tags: Sony (6758 JT), Hitachi (6501 JT), Bengo4.com (6027 JT), NEC (6701 JT), Nintendo (7974 JT), Square Enix (9684 JT), Capcom (9697 JT), Bandai Namco (7832 JT), Sumitomo Dainippon (4506 JT), CyberAgent (4751 JT), Denso (6902 JT), Advantest (6857 JT), Fanuc (6954 JT), NTT Docomo (9437 JT), Panasonic (6752 JT), Renesas (6723 JT), Rohm (6963 JT), Tokyo Electron (8035 JT), Fuji Electric (6504 JT), Konica Minolta (4902 JT), Tesla (TSLA US), LINE (3938 JT), LINE Digital Frontier, LINE Man, Z Holdings (4689 JT), Nomura Research Institute (4703 JT), Obic (4684 JT), NS Solutions (2327 JT), NTT Data (9613 JT)
Main Points
• Flat day as BoJ comments, earnings offset US / EU sell-off
• NEC 2Q FY20 OP -30% YoY
• Panasonic 2Q FY20 OP -4% YoY
• Fanuc posts surprise recovery: H2 sales guidance +10% YoY
• LINE’s FY20 Q3 results
• NRI’s FY20 Q2 highlights the importance of DX demand
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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