- Joel Scheiman
- Julie Boote
- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
- William Nestuk
PSA Today 4 Nov: Earnings miss / DDR5 prices, Nintendo / Daiwa Secs in play? / Q2s for Nintendo, Tokyo Seimitsu, TIS, Hino; Q4s for LY Corp, Insource; Q2 previews for IIJ, JMDC / Sumi Chem cos / Machinery / – Nikkei 225 -1.74% | ¥$153.53
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk, Lindsay Whipp, Thao Nguyen and Hiroyuki TeradaTags: Socionext (6526 JT), Screen Holdings (7735 JT), Advantest (6857 JT), SoftBank Group (9984 JT), NTT (9432 JT), Marubeni (8002 JT), Mitsui OSK (9104 JT), Sumitomo Chemical (4005 JT), Mitsubishi Corp (8058 JT), Daiwa Securities (8601 JT), Sumitomo Bakelite (4203 JT), SMFG (8316 JT), SBI Holdings (8473 JT), Samsung Electric (005930 KS), Tokyo Ohka Kogyo (4186 JT), Adeka (4401 JT), Lasertec (6920 JT), Tokyo Seimitsu (7729 JT), Nexon (3659 JT), SK Hynix (000660 KS), Micron (MU US), Dell (DELL US), Sony (6758 JT), Nintendo (7974 JT), Sumitomo Mitsui Trust (8309 JT), Citi (C US), SMBC Nikko (unlisted), Jefferies (JEF US), Mizuho Financial Group (8411 JT), Disco (6146 JT), Teradyne (TER US), Tokyo Electron (8035 JT), Sumitomo Pharma (4506 JT), Rabigh Refining & Petrochemical Co. (PETROR AB), Sumitomo Bakelite (4203 JT), Fanuc (6954 JT), Yaskawa Electric (6506 JT), Nabtesco (6268 JT), Hino Motors (7205 JT), Toyota Motor (7203 JT), LY Corp (4689 JT), ASKUL (2678 JT), Internet Initiative Japan (3774 JT), JMDC (4483 JT), Medical Data Vision (3902 JT), TIS Inc. (3626 JT), Insource (6200 JT)
Main Points
Nikkei 225 loses -900 points as earnings sap sentiment
DDR5 DRAM prices hit US$1/Gb for first time since 2018; negative readthrough for Nintendo
Is Daiwa Securities in play?
Nintendo FY25 Q2 OP +32% YoY, raises guidance
Tokyo Seimitsu FY25 Q2 OP +9% YoY, raises OP guidance slightly
Sumitomo Chemical companies disappoint the market
Fanuc, Yaskawa rise but Nabtesco falls
Hino: share drop in sales, but raises FY25 guidance on currency, costs
LY Corp keeps FY25 guidance unchanged
IIJ: FY25 Q2 preview
JMDC: FY25 Q2 preview
TIS: FY25 Q2 results sail past consensus estimates; full-year forecasts raised
Insource FY25 Q4 and MTP slightly revised up
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.
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