PSA Today 8 May: Topix 10 days up (just), tech optimism returns / NTT to swallow NTT Data / TOY FY25 forecast / FY24 results for IHI, Daikin, JMDC, Omron, LY Corp / Intermestic FY25 Q1 – Nikkei 225 +0.41% | ¥$144.35

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, Lindsay Whipp, Nia Dokova, Hiroyuki Terada and Thao Nguyen
Tags: Toyota Industries Corp. (6201 JT), Itochu (8001 JT), NTT Data (9613 JT), NTT Corp (9432 JT), Torii Pharmaceutical (4551 JT), Shionogi (4507 JT), Japan Tobacco (2914 JT), Nvidia (NVDA US), Qualcomm (QCOM US), Kokusai Electric (6525 JT), Disco (6146 JT), Bandai Namco (7832 JT) Nintendo (7974 JT), Fujifilm (4901 JT), Sumco (3436 JT), Mercari (4385 JT), JMDC (4483 JT), Nintendo (7974 JT), Sony (6758 JT), Toyota Industries Corp. (6201 JT), Itochu (8001 JT), Hino Motors (7205 JT), IHI (7013 JT), Daikin Industries (6367 JT), Omron (6645 JT), Intermestic (262A JT), LY Corp (4689 JT), A Holdings (pvt), SoftBank Group (9984 JT)
Main Points
 Topix takes winning streak to 10 days as tech sector optimism returns
 Nintendo FY24 Q4 OP -46% YoY, guides for ¥320bil (+13% YoY) in FY25 OP
 NTT to take NTT Data private
 Toyota forecasts sharp drop in FY25 OP
 IHI hits 35-year high on firm FY25 guidance
 Daikin FY25 OP guidance +8% impressive
 JMDC FY24 and full-year results wide of expectations
 Omron FY24 results fall short of consensus
 Intermestic FY25 Q1 beats guidance
 LY Corp’s FY25 disappointing guidance