Pelham Smithers Associates Ltd - PSA Today 10 Feb: Higher on chip sector results / Impressive Q3 at Olympus / Isuzu, Honda, Mazda Q3s / Fujikura falls / Daifukus Q3 / Nabtescos FY22 OP miss / Mixi revises up again – Nikkei 225 +0.31%

Report

Pelham Smithers Associates Ltd

Joel Scheiman ...

Julie Boote
Lindsay Whipp
Pelham Smithers
Thao Nguyen
William Nestuk

PSA Today 10 Feb: Higher on chip sector results / Impressive Q3 at Olympus / Isuzu, Honda, Mazda Q3s / Fujikura falls / Daifuku's Q3 / Nabtesco's FY22 OP miss / Mixi revises up again – Nikkei 225 +0.31%

Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk, Thao Nguyen and Lindsay Whipp
Tags: Renesas (6723 JT), Sysmex (6869 JT), Tokyo Electron (8035 JT), Nissan Motor (7201 JT), Toyota Motor (7203 JT), NTT Data (9613 JT), Nomura Research Institute (4307 JT), TIS Inc (3626 JT), Nissan Chemical (4021 JT), Olympus (7733 JT), Apple (AAPL US), Isuzu (7202 JT), Hino (7205 JT), Honda (7267 JT), Mazda (7261 JT), Fujikura (5803 JT), Daifuku (6383 JT), Nabtesco (6268 JT), Mixi (2121 JT), CyberAgent (4751 JT)
Main Points
• Tokyo shares end week slightly higher on strong chip sector results
• Olympus FY22 Q3 OP +51% YoY
• Isuzu Q3 earnings beat consensus estimates
• Honda produces strong Motorcycle business results, Autos remain weak
• Mazda raises FY22 OP guidance
• Fujikura falls back over 7% in heavy volume
• Daifuku Q3 above guidance run rate and 3:1 share split boost share price
• Nabtesco blames FY22 OP miss on Covid and door cost overruns
• Mixi revises up again

10/02/2023 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

Lindsay Whipp

Pelham Smithers

Thao Nguyen

William Nestuk

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PSA Today 10 Feb: Higher on chip sector results / Impressive Q3 at Olympus / Isuzu, Honda, Mazda Q3s / Fujikura falls / Daifuku's Q3 / Nabtesco's FY22 OP miss / Mixi revises up again – Nikkei 225 +0.31%

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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