Pelham Smithers Associates Ltd - PSA Today 23 Oct: Tech worries, rotation into old economy names / Video games round-up / Nidec cancels planned interim div / Previewing ZOZO Q2 – Nikkei 225 -1.35% | ¥$152.44

Report

Pelham Smithers Associates Ltd

Joel Scheiman ...

Julie Boote
Pelham Smithers
Thao Nguyen
William Nestuk

PSA Today 23 Oct: Tech worries, rotation into old economy names / Video games round-up / Nidec cancels planned interim div / Previewing ZOZO Q2 – Nikkei 225 -1.35% | ¥$152.44

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk and Thao Nguyen
Tags: Renesas (6723 JT), Tesla (TSLA US), Nexperia Holding (pvt), Sumco (3436 JT), Rorze (6323 JT), Kokusai Electric (6525 JT), Ferrotec (6890 JT), Adeka (4401 JT), Inpex (1605 JT), Namura Shipbuilding (7014 JT), SHI (6302 JT), Mitsui E&S (7003 JT), KHI (7012 JT), MHI (7011 JT), IHI (7013 JT), Asteria (3853 JT), Monex (8698 JT), Metaplanet (3350 JT), Future Corp (4722 JT), BayCurrent (6532 JT), Electronic Arts (EA US), Take Two (TTWO US), Sony (6758 JT), Konami (9766 JT), Bandai Namco (7832 JT), Capcom (9697 JT), Nintendo (7974 JT), Sega Sammy (6460 JT), Square Enix (9684 JT), Microsoft (MSFT US), Nidec (6594 JT), ZOZO (3092 JT)
Main Points
 Tech worries send Nikkei 225 lower as market rotates into old economy names
 Video games round-up
 Nidec: No interim dividend payment, full year earnings guidance withdrawn
 ZOZO’s FY25 Q2 preview

23/10/2025 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

Joel Scheiman

Julie Boote

Pelham Smithers

Thao Nguyen

William Nestuk

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PSA Today 23 Oct: Tech worries, rotation into old economy names / Video games round-up / Nidec cancels planned interim div / Previewing ZOZO Q2 – Nikkei 225 -1.35% | ¥$152.44

GA Technologies (3491 JT) – Unique Company at Attractive Valuations

PSA Leisure Facilities: Curves Holdings (7085 JT) – Acceleration of New Store Openings

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