Pelham Smithers Associates Ltd - PSA Today 1 Aug: Toying with 28,000 / Considering results and the market / Sonys Q1 / JSRs Q1 / Daikins Q1 preview / ZOZOs Q1 / SRE Holdings Q1 – Nikkei 225 +0.69%

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Pelham Smithers Associates Ltd

Joel Scheiman ...

Lindsay Whipp
Pelham Smithers
Thao Nguyen
William Nestuk

PSA Today 1 Aug: Toying with 28,000 / Considering results and the market / Sony's Q1 / JSR's Q1 / Daikin's Q1 preview / ZOZO's Q1 / SRE Holdings' Q1 – Nikkei 225 +0.69%

Japan Market Comment by Pelham Smithers, Joel Scheiman, William Nestuk, Thao Nguyen, and Lindsay Whipp
Tags: Denso (6902 JT), Shimano (7309 JT), Hitachi (6501 JT), Fujitsu (6702 JT), Shinko Electric (6967 JT), Rohm (6963 JT), Alps Alpine (6770 JT), Nabtesco (6268 JT), Seiko Epson (6724 JT), Sony (6758 JT), SRE Holdings (2980 JT), Infomart (2492 JT), Astellas Pharma (4503 JT), Ono Pharmaceutical (4528 JT), TDK (6762 JT), JSR (4185 JT), Mitsui OSK (9104 JT), Tokyo Steel (5423 JT), Subaru (7270 JT), Mitsubishi Electric (6503 JT), NEC Corp (6701 JT), Panasonic (6752 JT), Netflix (NFLX US), Tokyo Ohka Kogyo (4186 JT), Daikin (6367 JT), ZOZO (3092 JT), SRE Holdings (2980 JT)
Main Points
• Tokyo toys with 28,000 level
• Latest results underscore a market problem: what happens when the market gets a cyclical stock or sector 100% wrong?
• Sony 1Q FY22 OP +10% YoY but revises down
• JSR’s revised guidance likely to disappoint
• Daikin Q1 tomorrow depends on China & material costs
• ZOZO’s FY22 Q1: positive surprise
• SRE Holdings sails past FY22 Q1 market estimates for sales, meets OP

01/08/2022 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

Joel Scheiman

Lindsay Whipp

Pelham Smithers

Thao Nguyen

William Nestuk

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PSA Today 1 Aug: Toying with 28,000 / Considering results and the market / Sony's Q1 / JSR's Q1 / Daikin's Q1 preview / ZOZO's Q1 / SRE Holdings' Q1 – Nikkei 225 +0.69%

The PSA Research Round-Up for the Two-Week Period Covering 11~25 April 2025

PSA Broadline Retail: Treasure Factory (3093 JT): Inbound Sales Still Solid in Q1

PSA Today 25 Apr: Most of tariff fall recouped now / Tokyo CPI / Analyst articles on Advantest, Nissan, Hino, Denso, HCM, NRI, NTT Data, Chugai, DSK – Nikkei 225 +1.90% | ¥$143.55

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