PSA Valentine's Day: Subdued / Sony wrestles PS5 costs / SQE's DQW / China auto sales / Weaker Ferrotec Q3 / Rakuten's struggles - Nikkei -0.59%
Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk and Thao NguyenNikkei ¥23,687.59 (-¥140.14 / -0.59%); Topix ¥1,702.87 (-¥10.21 / -0.60%); ¥/$109.81
Tags: Nexon (3659 JT), KLab (3656 JT), Cybozu (4776 JT), Toshiba (6502 JT), Otsuka Holdings (4578 JT), Hikari Tsushin (9435 JT), Eisai (4523 JT), Sony (6758 JT), Nvidia (NVDA US), Nintendo (7974 JT), AMD (AMD US), Microsoft (MSFT US), Square Enix (9684 JT), Toyota (7203 JT), Mazda (7261 JT), Nissan (7201 JT ), Honda (7267 JT), Ferrotec (6890 JT), Rakuten (4755 JT), KDDI (9433 JT)
Main Points
• Earnings enliven an otherwise subdued market
• Sony still having trouble getting PS% costs down
• Dragon Quest Walk on the move again
• Jan 2020 China auto sales drop 18% YoY – Japanese outperform
• Ferrotec Q3 shows weakening trend
• Rakuten’s FY19 Q4: FinTech remains firm while Internet Services and Mobile bleed cash
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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