Pelham Smithers Associates Ltd - PSA Today 1 Aug: Rate hike reality hits the market / Konami Q1 / MonotaRO Q2 / Hoya Q1 / TOYs Q1 damp squib / Astellas Q1 / Insource July KPIs – Nikkei 225 -2.49% | $150.21

Report

Pelham Smithers Associates Ltd

Hiroyuki Terada ...

Joel Scheiman
Julie Boote
Nia Dokova
Pelham Smithers

PSA Today 1 Aug: Rate hike reality hits the market / Konami Q1 / MonotaRO Q2 / Hoya Q1 / TOY's Q1 damp squib / Astellas Q1 / Insource July KPIs – Nikkei 225 -2.49% | $150.21

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, Hiroyuki Terada and Nia Dokova
Tags: Resona Holdings (8308 JT), Fukuoka Financial Group (8354 JT), Sumitomo Realty & Development (8830 JT), Mitsubishi Estate (8802 JT), Isetan Mitsukoshi (3099 JT), J Front Retailing (3086 JT), Nitto Denko (6988 JT), Dexerials (4980 JT), Advantest (6857 JT), Sumitomo Pharma (4506 JT), Mitsubishi Chemical Group (4188 JT), Hitachi (6501 JT), Socionext (6526 JT), Yamaha Corp (7951 JT), Toyota Tsusho (8015 JT), Mitsubishi Electric (6503 JT), Konica Minolta (4902 JT), Toyota Motor (7203 JT), Konami (9766 JT), Bandai Namco (7832 JT), MonotaRO (3064 JT), Hoya Corp (7741 JT), Nissan Motor (7201 JT), Astellas Pharma (4503 JT), Insource (6200 JT)
Main Points
• Japan shares slump -2.5% as rate hike reality bites on yen surge
• Konami FY24 Q1 OP +47% YoY
• MonotaRO FY24 Q2 OP +20%
• Hoya Corp reports a bifurcated Q1
• Toyota leaves FY24 guidance unchanged
• Astellas FY24 Q1 OP +11% YoY
• Insource KPIs for July; good start to Q4

01/08/2024 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

Nia Dokova

Pelham Smithers

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In the last month, Nintendo has unveiled the Switch 2 and has set the launch date [5 Jun] and the launch price [US$449.99], all the while handling tariff uncertainty. It has done a decent job on all fronts. The console is currently selling at a premium on ebay.co.uk and the games like Mario Kart World have got the thumbs-up from influencers and commentators. However, while we like the third-party element, which should boost the lifetime tie-ratio, we are uncertain over whether there is enough wow factor with the new system for it to take Nintendo to a whole new level. While we see the Switch 2...

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PSA Today 1 Aug: Rate hike reality hits the market / Konami Q1 / MonotaRO Q2 / Hoya Q1 / TOY's Q1 damp squib / Astellas Q1 / Insource July KPIs – Nikkei 225 -2.49% | $150.21

PSA Media & Entertainment: Nintendo (7974 JT) Reports 2.2mil Customers in Japanese Lottery for Switch 2

PSA Today 24 April: Tech hardware bid up / April PPI / Nintendo Switch2 demand / Nidec FY24 / Hino / Sumitomo Rubber hikes prices in US / Chugai Q1 beat / Insource revises up – Nikkei 225 +0.49% | ¥$142.71

PSA Media & Entertainment: Nintendo (7974 JT) – a PSA 2025 Q2 Focus List Constituent – Switching Systems

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