PSA Today 13 Feb: Sell-off on AI fears / Results for Resonac, Daifuku, Nabtesco, ExaWizards, PKSHA, Intermestic, Novarese, Lilycolor, Net Protections / Updates on discussions with Koshidaka, Moriya – Nikkei 225 -1.21% | ¥$153.22

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk, Lindsay Whipp and Hiroyuki Terada
Tags: AppLovin (APP US), Cisco (CSCO US), Roblox (RBLX US), Robinhood (HOOD US), Nexon (3659 JT), Rakuten Group (4755 JT), Recruit (6098 JT), NEC (6701 JT), SoftBank Group (9984 JT), SRE Holdings (2980 JT), Sansan (4443 JT), ExaWizards (4259 JT), Sumitomo Metal Mining (5713 JT), Dowa Holdings (5714 JT), Fujikura (5803 JT), Nitto Boseki (3110 JT), Kioxia (285A JT), Sega Sammy (6460 JT), Toyota Motor (7203 JT), Nissan Motor (7201 JT), Toyota Industries (6201 JT), Elliott Management (pvt), Sega Sammy (6460 JT), Resonac (4004 JT), Daifuku (6383 JT), Nabtesco (6268 JT), ExaWizards (4259 JT), PKSHA (3993 JT), Microsoft (MSFT US), Anthropic (pvt), Koshidaka Holdings (2157 JT), Moriya Transportation Engineering and Manufacturing (6226 JT), Intermestic (262A JT), TKP (3479 JT), Novarese (9160 JT), Lilycolor (9827 JT), Net Protections Holdings (7383 JT), Mixi (2121 JT)
Main Points
 Japan shares slide as AI fears hit software / IT stocks
 Resonac guides for an AI-driven recovery in FY26
 Daifuku listing high in weak market
 Nabtesco falls despite strong FY26 guidance
 ExaWizards beats consensus OP for FY25 Q3
 PKSHA beats consensus estimates for FY26 Q1
 Olympics & WBC a negative to Karaoke operators et al
 Moriya Transportation Engine & Mfg meeting takeaway
 Intermestic: Goodwill amortised in 20-yrs reassuring
 TKP’s two listed subsidiaries report better-than-expected FY25 OP results
 Net Protections: on track to surpass FY25 OP target