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

<a href="https://www.smartkarma.com/entities/1459" target="_blank" data-smartkarma-citation="entities:1459:1">Capcom</a> has had a tricky FY16 but should report figures in line with revised guidelines as sales of Resident Evil 7 (RE7) trickle towards the 4mil mark, and Monster Hunter XX (MHXX) at least did better than feared. However, the company is guiding for FY16 OP of just ¥13.6bil in a year (vs consensus ¥14.1bil), yet it is targeting 20mil game sales, and with a big (¥5bil+) contribution from pachislot – this underscores the problems to come. FY16 for Capcom should have been huge. As well as three big…

Capcom has had a tricky FY16 but should report figures in line with revised guidelines as sales of Resident Evil 7 (RE7) trickle towards the 4mil mark, and Monster Hunter XX (MHXX) at least did better than feared. However, the company is guiding for FY16 OP of just ¥13.6bil in a year (vs consensus ¥14.1bil), yet it is targeting 20mil game sales, and with a big (¥5bil+) contribution from pachislot – this underscores the problems to come. FY16 for Capcom should have been huge. As well as three big…

Capcom Co Ltd

Capcom (9697) Update