PSA Today Oct 31: On hold / Sony / Murata / Nintendo / Sekisui Chem / Denso / Aisin Seiki / Nabtesco / CyberAgent / LINE / Cybozu / NTT Data – Nikkei +0.37 %
Japan Market Comment by Pelham Smithers, Joel Scheiman, Thao Nguyen and Lindsay WhippNikkei ¥22,927.04 (+¥83.92 / +0.37%); Topix ¥1,667.01 (+¥1.11 / +0.07%); ¥/$108.70
Tags: Hitachi (6501 JT), Sony (6758 JT), CyberAgent (4751 JT), Square Enix (9684 JT), Murata Manufacturing (6981 JT), Nintendo (7974 JT), Sekisui Chemical (4204 JT), AIM Aerospace Corporation (pvt.), Aisin Seiki (7259 JT), Toyota (7203 JT), Nabtesco (6268 JT), CyberAgent (4751 JT), LINE (3938 JT), Cybozu (4776 JT), NTT Data (9613 JT), NTT (9432 JT), Nomura Research Institute (4307 JT), TIS Inc (3626 JT)
Main Points
• “Wait & See†continues as we go deeper into results season
• Murata revises up (but was it enough?)
• Nintendo doubles 2Q OP
• Sekisui Chemical shares rise despite lower guidance
• Denso working on cost reduction
• Aisin soars on fund raising hopes
• Nabtesco downgrades as expected
• CyberAgent’s FY19 results, conservative FY20 guidance
• LINE: Decent FY19 Q3 results but valuations are high
• Cybozu September OP falls on bonuses
• NTT Data Q2 Preview: Focus on the US
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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