PSA Today 31 July: Rates stand pat, results perk up / Macro round-up / Analyst Q1 comments on Hitachi, Socionext, TEL, Asahi Kasei, Nissan SEI, Denso, Aisin, ZOZO, TIS – Nikkei 225 +1.02% | ¥148.91

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk and Lindsay Whipp
Tags: Kyocera (6971 JT), Astellas (4503 JT), Panasonic (6752 JT), Disco (6146 JT), Screen Holdings (7735 JT), Daiichi Sankyo (4568 JT), JCR Pharmaceuticals (4552 JT), Sanwa Holdings (5929 JT), Yamato Kogyo (5444 JT), Anritsu (6754 JT), Wacom (6727 JT), Capcom (9697 JT), ARE Holdings (5857 JT), Nippon Sanso (4091 JT), Fujikura (5803 JT), Furukawa Electric (5801 JT), SEI (5802 JT), SBI Holdings (8473 JT), Hitachi (6501 JT), NEC (6701 JT), Socionext (6526 JT), Tokyo Electron (8035 JT), Asahi Kasei (3407 JT), Toyota Tsusho (8015 JT), Denso (6902 JT), Aisin (7259 JT), ZOZO (3092 JT), TIS Inc. (3626 JT), NRI (4307 JT)
Main Points
 Tokyo shares gain on strong economic data, better results as BoJ leaves rates unchanged
 Economics round-up
 Hitachi FY25 Q1 OP +7% YoY
 Socionext FY25 Q1 OP -86% YoY
 Tokyo Electron FY25 Q1 OP -13% YoY
 Asahi Kasei lifts H1 guidance on strong pharma sales
 Nissan’s earnings scrutinised
 SEI strong Q1 supports Fujikura
 Denso disappoints, Aisin surprises
 ZOZO’s FY25 Q1 OP beats, but full-year OP target revised down
 TIS FY25 Q1 earnings beat adds to growing list of IT service sector company outperformance