Report

PSA Media & Entertainment: Koei Tecmo (3635 JT) FY24 Q2 Results Comment

While technically the Q2 performance was a “beat”, it fell short of consensus at ¥5.63bil. This means that the firm has a lot of heavy lifting to do in the FY24 H2 if it is to hit its full- year OP target of ¥30bil. Pelham Smithers discusses.
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Pelham Smithers Associates Ltd
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. 

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Pelham Smithers

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