Pelham Smithers Associates Ltd - PSA Today 1 Feb: Flat, with higher costs a worry amid strong tech numbers / Sony buys Bungie / Murata, Rohm, Keyence 3Qs / DTS 3Q/ TDK 3Q / MMC raises forecasts – Nikkei 225 +0.28%

Report

Pelham Smithers Associates Ltd

Joel Scheiman ...

Julie Boote
Pelham Smithers

PSA Today 1 Feb: Flat, with higher costs a worry amid strong tech numbers / Sony buys Bungie / Murata, Rohm, Keyence 3Qs / DTS 3Q/ TDK 3Q / MMC raises forecasts – Nikkei 225 +0.28%

Japan Market Comment by Pelham Smithers, Joel Scheiman, and Julie Boote
Tags: Sony (6758 JT), Bungie, Seven & I (3382 JT), Koei Tecmo (3635 JT), Square Enix (9684 JT), NEC (6701 JT), Shionogi (4507 JT), NSK (6471 JT), NTN (6472 JT), NGK Spark Plug (5334 JT), Toray (3402 JT), Take Two (TTWO US), Zynga (ZNGA US), Microsoft (MSFT US), Activision (ATVI US), CyberAgent (4751 JT), Nexon (3659 JT), Capcom (9697 JT), Murata Manufacturing (6981 JT), Huawei, Apple (AAPL US), Taiyo Yuden (6976 JT), Rohm (6963 JT), Nidec (6594 JT), Keyence (6861 JT), DTS (9682 JT), TDK (6762 JT), Contemporary Amperex Technology (300750 CH), Mitsubishi Motors (7211 JT), Nissan Motor (7201 JT)
Main Points
• Tokyo closes flat as cost worries offset strong tech earnings
• Sony acquires Bungie for US$3.6bil
• Murata 3Q FY21 OP +5%, revises up
• Rohm 3Q FY21 OP +84% YoY
• Keyence 3Q FY21 OP +48% YoY
• DTS 3Q FY21 OP +11% YoY
• TDK’s Q3 announcement resonates positively
• Mitsubishi Motors raises profit forecast on volumes, currency

01/02/2022 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

Julie Boote

Pelham Smithers

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PSA Today 1 Feb: Flat, with higher costs a worry amid strong tech numbers / Sony buys Bungie / Murata, Rohm, Keyence 3Qs / DTS 3Q/ TDK 3Q / MMC raises forecasts – Nikkei 225 +0.28%

PSA Autos /New Mobility: The Case for Honda (7267 JT) over Toyota (7203 JT)

PSA Today 1 July: Tariff worries / Capcom's rich showcase / The case for Honda over TOY / Fujikura, Melco listing highs / Insource June KPIs – Nikkei 225 -1.24% | ¥$143.62

PSA Japan Stock Market Strategy for 2025 Q3

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