- Julie Boote
- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
- William Nestuk
PSA Today 1 Nov: Strong earnings and a BoJ decision / Q2s for Rohm, Sumi Chem, Mtb Chem, TDK, Mtb Elec, SRE / Toyota's perfect moment / CyberAgent miss / TIS raise - Nikkei 225 +2.41%
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk, Thao Nguyen and Lindsay WhippTags: Otsuka Holdings (4578 JT), Daiichi Sankyo (4568 JT), Mitsubishi Electric (6503 JT), Fanuc (6954 JT), Murata (6981 JT), Mitsubishi Chemical (4188 JT), Nippon Sanso (4091 JT), Toyota Motor (7203 JT), Subaru (7270 JT), Denso (6902 JT), Advantest (6857 JT), Lasertec (6920 JT), Screen Holdings (7735 JT), Disco (6146 JT), Socionext (6526 JT), Rohm (6963 JT), TDK (6762 JT), Daikin (6367 JT), Sumitomo Chemical (4005 JT), CyberAgent (4751 JT), TIS Inc (3626 JT), Nomura Research Institute (4307 JT), SRE Holdings (2980 JT), Sansan (4443 JT), Money Forward (3994 JT)
Main Points
• Earnings surprises, BoJ decision send Japan shares soaring
• Did the BoJ increase or decrease policy error risk?
• Rohm FY23 Q2 OP -56% YoY, FY23 OP target slashed
• TDK leaves full-year guidance unchanged
• Mitsubishi Electric shares surge +15% on strong A/C and infrastructure recovery
• Sumitomo Chemical forecasts full-year loss
• Mitsubishi Chemical shares rise on higher NP outlook
• Toyota boosts full-year guidance
• CyberAgent’s FY24 guidance misses
• TIS raises FY23 OP and sales forecasts despite hit from unprofitable project
• SRE Holdings FY23 Q2 results disappointing but keeps full-year forecasts
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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