Pelham Smithers Associates Ltd - PSA in the Press / PSA Today 15 Aug: Strong market / Q2 GDP/ AMAT weak guidance / Fujikura, SEI ATHs / Appier Q2, PKSHA Q3, Park24 July KPIs – Nikkei 225 +1.71% | ¥$147.17

Report

Pelham Smithers Associates Ltd

Hiroyuki Terada ...

Julie Boote
Lindsay Whipp
Pelham Smithers
Thao Nguyen
William Nestuk

PSA in the Press / PSA Today 15 Aug: Strong market / Q2 GDP/ AMAT weak guidance / Fujikura, SEI ATHs / Appier Q2, PKSHA Q3, Park24 July KPIs – Nikkei 225 +1.71% | ¥$147.17

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk, Thao Nguyen, Lindsay Whipp and Hiroyuki Terada
Tags: MUFG (8306 JT), SMFG (8316 JT), SoftBank Group (9984 JT), Furukawa Electric (5801 JT), Fujikura (5803 JT), SRE Holdings (2980 JT), PKSHA (3993 JT), Appier (4180 JT), Kakaku.com (2371 JT), ZOZO (3092 JT), Timee (215A JT), Applied Materials (AMAT US), Tokyo Electron (8035 JT), Lasertec (6920 JT), ASML (ASML NA), Screen HD (7735 JT), Ulvac (6728 JT), Advanced Micro Devices (AMD US), Nvidia (NVDA US), Broadcom (AVGO US), Samsung Electronics (005930 KS), Apple (AAPL US), Advantest (6857 JT), Disco (6146 JT), Tokyo Ohka Kogyo (4186 JT), Fujimi (5384 JT), Shin-Etsu Chemical (4063 JT), RS Technologies (3445 JT), Sumco (3436 JT), Kioxia (285A JT), Renesas (6723 JT), SEI (5802 JT), SWCC (5805 JT), Visional (4194 JT), Park24 (4666 JT)
Main Points
 Banks and commodity-linked names lead a strong market
 Japan shrugs off tariff concerns to deliver positive Q2 GDP performance
 AMAT follows TEL in giving weak guidance
 Fujikura & SEI new listing highs
 Appier FY25 Q2 OP beats consensus estimates
 PKSHA FY25 Q3 OP beats consensus estimates
 Park24 July KPIs

15/08/2025 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

Hiroyuki Terada

Julie Boote

Lindsay Whipp

Pelham Smithers

Thao Nguyen

William Nestuk

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The PSA Research Round-Up for the Week to 15 August 2025

Weekly Comment Summary Nikkei Newspaper Article: Nikkei 225 average to hit ¥48,000 by year-end, says Smithers of Pelham Smithers in the UK PSA Weekly Contents at a Glance Reports / Flash Notes Summaries 1. Autos: Large US Import Tariff Hit Dismissed by Markets 2. Nintendo (7974 JT) – Even More Switched On 3. Moriya Transportation Engineering & Maintenance (6226 JT) – Market Missing GPM Improvement Company / Sector / Thematic Comments Technology: Consumer Electronics, Gaming 1. Video Games Round-Up 2. Nexon FY25 Q2 OP -17% YoY 3. ...

1h / 7m 1h / 7m 1 EN

Julie Boote

Julie Boote

PSA Autos / New Mobility: Large US Import Tariff Hit Dismissed by Markets

As the US is introducing new import tariffs, the auto sector is among the worst hit in corporate Japan. Japanese automakers are set to book major losses related to tariffs, leading to substantial FY25 earnings’ declines. Yet, after an initial negative stock market reaction, share prices have recovered close to or above pre-tariff levels. Analyst Julie Boote investigates.

3h / 47m 3h / 47m 1 EN

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PSA in the Press / PSA Today 15 Aug: Strong market / Q2 GDP/ AMAT weak guidance / Fujikura, SEI ATHs / Appier Q2, PKSHA Q3, Park24 July KPIs – Nikkei 225 +1.71% | ¥$147.17

The PSA Research Round-Up for the Week to 15 August 2025

PSA Autos / New Mobility: Large US Import Tariff Hit Dismissed by Markets

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