Pelham Smithers Associates Ltd - PSA Today 1 Aug: Mixed, but a tech hardware slump / Analyst comments on Q1s for Nintendo, TDK, Casio, Melco, Dely, Q2 for Nabtesco / Insource July KPIs – Nikkei 226 -0.66% | ¥$150.77

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Pelham Smithers Associates Ltd

Hiroyuki Terada ...

Joel Scheiman
Julie Boote
Pelham Smithers
Thao Nguyen
William Nestuk

PSA Today 1 Aug: Mixed, but a tech hardware slump / Analyst comments on Q1s for Nintendo, TDK, Casio, Melco, Dely, Q2 for Nabtesco / Insource July KPIs – Nikkei 226 -0.66% | ¥$150.77

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk, Thao Nguyen and Hiroyuki Terada
Tags: Hoya (7741 JT), Tokyo Electron (8035 JT), Socionext (6526 JT), Advantest (6857 JT), Capcom (9697 JT), Hitachi (6501 JT), Konami (9766 JT), Fuji Electric (6504 JT), Istyle (3660 JT), Nintendo (7974 JT), CD Projekt (CDR PW), Koei Tecmo (3635 JT), TDK (6762 JT), Casio (6952 JT), Bax Music (pvt), GAK Music Emporium (pvt), Mitsubishi Electric (6503 JT), Fanuc (6954 JT), Keyence (6861 JT), Yaskawa Electric (6506 JT), Nabtesco (6268 JT), Comer Industries (COM IM), Dely (299A JT), Insource (6200 JT)
Main Points
 Tokyo shares close mixed as tech hardware slumps on SOX, results
 Nintendo FY25 Q1 OP +4% YoY as Switch 2 launch doubles sales
 TDK FY25 Q1 OP -2.5% YoY, no change to full-year guidance
 Casio FY25 Q1 OP -18% YoY, full-year guidance revised down
 Mitsubishi Electric hits a new high on good FY25 Q1
 Nabtesco rises +11% to 2-year high
 Dely’s FY25 Q1 beats
 Insource July KPIs

01/08/2025 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

Joel Scheiman

Julie Boote

Pelham Smithers

Thao Nguyen

William Nestuk

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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),...

July 31, 2025 July 31, 2025 1 EN

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PSA Today 1 Aug: Mixed, but a tech hardware slump / Analyst comments on Q1s for Nintendo, TDK, Casio, Melco, Dely, Q2 for Nabtesco / Insource July KPIs – Nikkei 226 -0.66% | ¥$150.77

The PSA Research Round-Up for the Week to 1 August 2025

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

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