Pelham Smithers Associates Ltd - PSA Today Oct 31: SoftBank and Sprint/Sonys massive upward revision/Panasonic/Murata big downward revision/TDK, JSR, Sekisui Chem, Dexerials numbers/Automation: Nabtesco, Melco, Tadano, Denso, Aisin Seiki - N

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Pelham Smithers Associates Ltd

Pelham Smithers

PSA Today Oct 31: SoftBank and Sprint/Sony's massive upward revision/Panasonic/Murata big downward revision/TDK, JSR, Sekisui Chem, Dexerials numbers/Automation: Nabtesco, Melco, Tadano, Denso, Aisin Seiki - N

PSA Today Oct 31: Japan Market Comment by Pelham Smithers and Joel Scheiman
Nikkei ¥22,011.61 (-¥0.06 / 0.00%); Topix ¥1,765.96 (-¥4.88 / -0.28%); ¥/$113.15
Tags: Sprint (S US), T-Mobile (TMUS US), SoftBank (9984), Alps (6770), Nintendo (7974), Sony (6758), Dish Networks (DISH US), Panasonic (6752), Murata (6981), Taiyo Yuden (6976), Skyworks (SWKS US), Sekisui Chemical (4204), Dexerials (4980), JSR (4185), TDK (6762), Apple (AAPL US), Fanuc (6954), Yaskawa (6506), Nabtesco (6268), Mitsubishi Electric (6503), Daikin (6367), Tadano (6395), Denso (6902), Aisin Seiki (7259)

• Nikkei slides but closes above 22,000
• Sprint / TMUS merger hits a snag
• Sony’s massive upward revision
• Panasonic: decent performance, but leaves forecast unchanged
• Murata’s massive downward revision
• Short comments on Oct 30th results announcements for Sekisui Chemical, Dexerials, JSR…
• …and for TDK
• Automation continues strong…
• …but Nabtesco’s Q3 stumbles;
• Mitsubishi Electric reports, Daikin awaited; Tadano limit up; while
• Denso and Aisin Seiki both report at 1pm and have contrasting fortunes thereafter.

31/10/2017 7 EN

Provider

Pelham Smithers Associates Ltd

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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Analysts

Pelham Smithers

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PSA Today Oct 31: SoftBank and Sprint/Sony's massive upward revision/Panasonic/Murata big downward revision/TDK, JSR, Sekisui Chem, Dexerials numbers/Automation: Nabtesco, Melco, Tadano, Denso, Aisin Seiki - N

PSA Technology: Why AI is More of a “Win” than a “Loss” for Japanese MLCC Makers

PSA Today 17 Feb: Holidays and strong yen sends Tokyo lower / Why AI is more of a “win” than a “loss” for Japanese MLCC makers / Automakers' business costs / Anicom meeting takeaway – Nikkei 225 -0.42% | ¥$152.90

PSA Micro- / Small- / Mid-Cap Recap [16 Jan ~16 Feb 2026]

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