PSA Today 1 Feb: Results, AI-related selloff / Q3s results for Konami, Rohm, Ibiden, Hoya, MMC, Hino, Takeda / Chugai's Q4 / Olympus's new products – Nikkei 225 -0.76% | ¥$146.86
PSA Today Japan Market Comment by Pelham Smithers, Joel Scheiman, Julie Boote and Nia DokovaTags: Advanced Micro Devices (AMD US), Google (GOOGL US), Microsoft (MSFT US), Teradyne (TER US), Hitachi (6501 JT), Advantest (6857 JT), M3 Inc (2413 JT), Lasertec (6920 JT), Hoya (7741 JT), Nomura (8604 JT), ANA (9202 JT), East Japan Railway (9020), M&A Research Institute (9552 JT), Aozora Bank (8304 JT), Sumitomo Pharma (4506 JT), SCSK (9719 JT), Konami (9766 JT), Rohm (6963 JT), NXP (NXPI US), Infineon (IFX GY), STMicro (STMPA FP), Nidec (6594 JT), Ibiden (4062 JT), Shinko Electric (6967 JT), Unimicron (3037 TT), Chugai Pharmaceutical (4519 JT), Daiichi Sankyo (4568 JT), Eisai (4523 JT), Takeda Pharmaceutical (4502 JT), Canon (7751 JT), Mitsubishi Motors (7211 JT), Hino Motors (7205 JT), Toyota Motor (7203 JT), Olympus (7733 JT)
Main Points
• Results-related, AI-related sell-off in USA triggers selling in Japan
• Konami FY23 Q3 OP +179% YoY, revises up
• Rohm FY23 Q3 OP -57% YoY, revises down
• Ibiden FY23 Q3 OP -35% YoY, revises down
• Hoya reports strong Q3 but guidance fails to impress
• MMC records OP decline in FY23 Q3
• Hino reports operating loss in FY23 Q3
• Chugai Pharm FY23 Q4 OP -19%, guides for ¥460bil in core OP in FY24
• Takeda FY23 Q3 OP -29% YoY
• Olympus showcasing latest products
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.
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