Today 15 Nov: Wall Street, China data a help / GNI Group, small-cap pharma / Ferrotec hits new all-time high / GungHo's Q3 E / Recruit raises FY forecast / Enechange's Q3, stock split / Cybozu's Q3 / PKSHA's strong FY22 outlook – Nikkei +0
Japan Market Comment by Pelham Smithers, William Nestuk, Thao Nguyen, and Lindsay WhippTags: Lasertec (6920 JT), Tokyo Electron (8035 JT), Mazda (7261 JT), Dentsu (4324 JT), GungHo Online Entertainment (3765 JT), Gravity (GRVY US), Mixi (2121 JT), Nvidia (NVDA US), SoftBank Group (9984 JT), Sony (6758 JT), GNI Group (2160 JT), Nexon (3659 JT), PeptiDream (4587 JT) Ferrotec (6890 JT), Recruit Holdings (6098 JT), Enechange (4169 JT), Cybozu (4776 JT), PKSHA (3993 JT), Rakus (3923 JT), Sansan (4442 JT)
Main Points
• Japan shares higher on Wall Street gains, better data from China
• GNI Group 3Q OP -8% YoY
• Ferrotec rises 14% to new high as FY22 outlook brightens
• GungHo’s FY21 Q3 OP up 36.1% YoY
• Recruit raises FY21 guidance
• Enechange posts solid FY21 Q3 earnings and announces stock split
• Cybozu confirms FY21 Q3 results
• PKSHA posts mixed FY21 earnings but a strong FY22 forecast
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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