Pelham Smithers Associates Ltd - PSA Today 18 Feb: Higher with selected AI names rebounding / Considering the timing of the PS6 / EUs new EV rules / FY25 results for Trend Micro – Nikkei 225 +1.02% | ¥$153.45

Report

Pelham Smithers Associates Ltd

Julie Boote ...

Pelham Smithers
Thao Nguyen

PSA Today 18 Feb: Higher with selected AI names rebounding / Considering the timing of the PS6 / EU's new EV rules / FY25 results for Trend Micro – Nikkei 225 +1.02% | ¥$153.45

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote and Thao Nguyen
Tags: Unitika (3103 JT), AIMECHATEC (6227 JT), TDK (6762 JT), Ibiden (4062 JT), Toto (5332 JT), Fuji Electric (6504 JT), SoftBank Group (9984 JT), Yaskawa (6506 JT), Fanuc (6954 JT), SMC (6273 JT), SRE Holdings (2980 JT), ExaWizards (4259 JT), Appier (4180 JT), Visional (4194 JT), Kakaku.com (2371 JT), Shift (3697 JT), Kioxia (285A JT), Socionext (6526 JT), Rohm (6963 JT), GS Yuasa (6674 JT), Panasonic (6752 JT), Asahi Diamond (6140 JT), Noritake (5331 JT), Modec (6269 JT), Mitsubishi Electric (6503 JT), Sony (6758 JT), Nintendo (7974 JT), Capcom (9697 JT), NetEase (NTES US), Microsoft (MSFT US), AMD (AMD US), Nvidia (NVDA US), Nissan Motor (7201 JT), Mazda Motor (7261 JT), Honda Motor (7267 JT), Suzuki Motor (7269 JT) Subaru (7270 JT), Toyota Motor (7203 JT), Mitsubishi Motors (7211 JT), Renault (RNO FP), Trend Micro (4704 JT)
Main Points
 Rebound in selected AI names sends Nikkei 225, Topix higher
 Does it matter if the PS6 lands in 2029?
 EU considers ‘made in EU’ rule for EVs
 Trend Micro’s FY25 results and FY26 guidance beat

18/02/2026 1 EN

Provider

Pelham Smithers Associates Ltd

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.

PSA produces both company and sector reports. The focus of PSA’s research is to identify winners and losers as new technologies impact the top and bottom lines of corporations. Critical to our research is the clear explanation of how these new technologies work and how they impact companies and industries.

The founding partners have worked closely together for twenty years and the team has more than doubled in size since 2012.

See profile

Analysts

Julie Boote

Pelham Smithers

Thao Nguyen

Other Reports from Pelham Smithers Associates Ltd

Joel Scheiman ... (+5)

Joel Scheiman
Julie Boote
Pelham Smithers
Thao Nguyen
William Nestuk

PSA Today 19 Feb: Up on AI rebound, US nuclear power hopes / Big implications from Dec machinery orders / Nabtesco's positive earnings call / Giftee's shift to a holding company – Nikkei 225 +0.57% | ¥$155.14

PSA Today Japan Market Comment by Pelham Smithers, Joel Scheiman, Julie Boote, William Nestuk and Thao Nguyen Tags: Kokusai Electric (6525 JT), Ulvac (6728 JT), Tokyo Seimitsu (7729 JT), Kioxia (285A JT), Micron (MU US), SanDisk (SNDK US), Sumitomo Electric (5802 JT), Furukawa Electric (5801 JT), Sumitomo Metal Mining (5713 JT), Dowa Holdings (5714 JT), Japan Steel Works (5631 JT), Hitachi (6501 JT), Kimura Chemical Plants (6378 JT), Murata (6981 JT), Taiyo Yuden (6976 JT), TDK (6762 JT), Visional (4194 JT), Appier (4180 JT), Fujifilm Holdings (4901 JT), Yokohama Rubber (5101 JT), Bridgestone...

17h / 49m 17h / 49m 1 EN

Pelham Smithers

Pelham Smithers

PSA Media & Entertainment: Square Enix (9684 JT) FY25 Outlook and Beyond

Square Enix’s FY25 results are being held up by aggressive cost cutting, rather than revenue growth. Q3 profit fell sharply on weak sales, but expenses dropped enough to keep full year OP guidance rising. DQ7 Reimagined launched better overseas than in Japan, but overall remake fatigue persists. Upcoming releases are light, with no mainline FF or DQ expected until FY27. Pelham Smithers discusses the issues the firm faces and provides his earnings model through to FY27.

18h / 47m 18h / 47m 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

PSA Today 18 Feb: Higher with selected AI names rebounding / Considering the timing of the PS6 / EU's new EV rules / FY25 results for Trend Micro – Nikkei 225 +1.02% | ¥$153.45

PSA Today 19 Feb: Up on AI rebound, US nuclear power hopes / Big implications from Dec machinery orders / Nabtesco's positive earnings call / Giftee's shift to a holding company – Nikkei 225 +0.57% | ¥$155.14

PSA Media & Entertainment: Square Enix (9684 JT) FY25 Outlook and Beyond

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe