THK (6481 JP): New Orders Down by Two-Thirds in 4Q, Near the Bottom of the Cycle
Sales and profits were above management's guidance in FY Dec-18, with operating profit rising 36.9% on a 10.9% increase in sales. But new orders...
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THK (6481 JP): Downturn Discounted, Recovery Depends on New Orders
After dropping 60% from a high of ¥4,830 last February 27 to a 52-week low of ¥1,945 on December 26, THK closed at ¥2,062 on December 28, the last...
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LightStream Factory Automation View: Still Early in the Downcycle
We had been positive on the factory automation robotics names for most of last year, favouring Yaskawa Electric Corp (6506 JP), Nabtesco Corp (6268...
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Nippon Thompson: Outperforms THK by 15% in 6 Days - Inventory Efficiency May Continue This Trend
Nippon Thompson Co Ltd (6480 JP) is a small cap (JPY72bn market cap) and trades about USD2.5m per day in normal times but has been on a tear...
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JTEKT’s FY19 Guidance Testament to Steady Global Automobile Growth
Automobile component manufacturer, JTEKT Corp (6473 JP), announced their FY2017 results at lunch on Friday, posting YoY revenue growth of 9.3% and...
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