Japan TMT Analyst

Pelham Smithers

Market Intel on Asian Tech with a Japan focus

Pelham Smithers Associates

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. 

Research is provided by the following:
Pelham Smithers: Macro, consumer electronics, telecoms & pharma
Joel Scheiman: Electronics materials / components
Julie Boote: Autos
Will Nestuk: Capital goods, machinery & transportation equipment parts
Thao Nguyen: eCommerce, internet content, marketing & advertising

Equity Bottom-Up

<p>For the third time this year, <strong><a href="https://www.smartkarma.com/entities/1" target="_blank" data-smartkarma-citation="entities:1:1">Canon Inc (7751 JP)</a></strong> has produced strong earnings and has revised up. For the 3Q, it produced ¥80.5bil in OP on revenues of ¥994.5bil. That was its best 3Q performance since September 2013, and is ahead of consensus by ¥12bil, while still less than half what it made in its mid-noughties heyday. Still, it was good enough for the company to raise its OP target to ¥350bil for the year (from ¥330bil). To put that in perspective, we’ve been consistently thinking Canon…</p>

For the third time this year, Canon Inc (7751 JP) has produced strong earnings and has revised up. For the 3Q, it produced ¥80.5bil in OP on revenues of ¥994.5bil. That was its best 3Q performance since September 2013, and is ahead of consensus by ¥12bil, while still less than half what it made in its mid-noughties heyday. Still, it was good enough for the company to raise its OP target to ¥350bil for the year (from ¥330bil). To put that in perspective, we’ve been consistently thinking Canon…

Canon (7751) - Makes It Three in a Row on the Upward Revision Front