PSA Today 10 Feb: Takaichi Euphoria / Shimano Q4 / Materials Round-up / Mazda & Honda Q3 / IHI Q3 / Mercari & Recruit Revise Up / ExaWizards Q3 / Moriya & JES Results – Nikkei 225 +2.28% | ¥$155.8

PSA Today Japan Market Comment by Pelham Smithers, Joel Scheiman, Julie Boote, Will Nestuk, Thao Nguyen, Lindsay Whipp and Hiroyuki Terada
Tags: Dexerials (4980 JT), Adeka (4401 JT), Kokusai Electric (6525 JT), Tokyo Ohka Kogyo (4186 JT), Kioxia (285A JT), Tokyo Seimitsu (7729 JT), Disco (6146 JT), Sumco (3436 JT), Shin-Etsu Chemical (4063 JT), Furukawa Electric (5801 JT), Fujikura (5803 JT), SWCC (5805 JT), Sumitomo Electric (5802 JT), Sumitomo Metal Minning (5713 JT) Toho Zinc (5707 JT), Dowa Mining (5714 JT), Furukawa Company Co (5715 JT), Central Glass (4404 JT), Mitsubishi Gas Chemical (4182 JT), Iwatani Corp (8088 JT), JX Advanced Metals (5016 JT), Kaneka (4118 JT), Dowa Mining (5714 JT), Fujita Kanko (9722 JT), SoftBank Group (9984 JT), NEC (6701 JT), Capcom (9697 JT), Square Enix (9684 JT), CyberAgent (4751 JT), Nintendo (7974 JT), Sony (6758 JT), Mazda (7261 JT), Mitsubishi Motors (7211 JT), Subaru (7270 JT), Honda (7267 JT), Shimano (7309 JT), IHI (7013 JT), Mercari (4385 JT), Recruit (6098 JT), ExaWizards (4259 JT), Moriya Transportation Engineering and Manufacturing (6226 JT), Japan Elevator Service (6544 JT)
Main Points
 Takaichi win euphoria continues as shares score another +1,000+ gain
 Shimano FY25 Q4 OP +5% YoY, disappoints on FY26 guidance
 Materials round-up
 Dowa Mining FY25 Q3 hit by derivative losses
 Mazda Motor FY25 Q3 earnings above consensus
 Honda retains FY25 profit guidance, despite lower tariff costs, weaker Yen
 IHI Q3 modest but orders rising
 Mercari & Recruit revise up FY26
 ExaWizards: FY25 Q3 preview
 Moriya FY25 Q3: repair work, strong order backlog
 Japan Elevator Service: solid modernization