Pelham Smithers Associates Ltd - PSA Today 10 May: Earnings, inflation dampen day / Camera stats / Video game results: Bandai Namco, Capcom, Colopl / Panasonic OP jumps / Fujifilms record profits / TOYs strong results / Daikin / BASE / TIS / NTT Data – Nikkei 225 -0.41

Report

Pelham Smithers Associates Ltd

Joel Scheiman ...

Julie Boote
Lindsay Whipp
Pelham Smithers
Thao Nguyen
William Nestuk

PSA Today 10 May: Earnings, inflation dampen day / Camera stats / Video game results: Bandai Namco, Capcom, Colopl / Panasonic OP jumps / Fujifilm's record profits / TOY's strong results / Daikin / BASE / TIS / NTT Data – Nikkei 225 -0.41

Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk, Thao Nguyen and Lindsay Whipp
Tags: Konica Minolta (4902 JT), Ikea, Nitori (9843 JT), Asahi Kasei (3407 JT), Mitsubishi Corp (8058 JT), Toyota Motor (7203 JT), Nintendo (7974 JT), Daikin (6367 JT), Nippon Steel (5401 JT), JFE Holdings (5411 JT), Ono Pharmaceutical (4528 JT), Eisai (4523 JT), Rohm (6963 JT), Tesla (TSLA US), Dexerials (4980 JT), Sony (6758 JT), Canon (7751 JT), Nikon (7731 JT), Bandai Namco (7832 JT), Kadokawa Corp (9468 JT), Sega Sammy (6460 JT), Square Enix (9684 JT), Capcom (9697 JT), Niantic, Colopl (3668 JT), Panasonic (6752 JT), Fujifilm Holdings (4901 JT), Entegris (ENTG US), Daikin (6367 JT), Voltas (VOLT IN), BASE Inc (4477 JT), TIS Inc (3626 JT), NTT Data (9613 JT), NTT Ltd, NTT Corp (9432 JT)
Main Points
• Japan shares slide on inflation concerns overseas, earnings worries at home
• Camera shipments +37% YoY in March
• Bandai Namco kicks off busy day for Video Game stock earnings with a technical miss
• Capcom eyes 10% growth in FY23 OP
• Colopl FY23 Q2 OP +37% YoY
• Panasonic forecasts sharp rise in OP
• Fujifilm guides for record profits, announces acquisition
• Toyota delivers strong FY22 Q4 results
• Daikin guidance conservative but margin concerns
• BASE Inc’s FY23 Q1 operating losses smaller than consensus estimate
• TIS sails past FY22 consensus estimates
• NTT Data: FY22 Q4 and full-year preview

10/05/2023 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 May: Earnings, inflation dampen day / Camera stats / Video game results: Bandai Namco, Capcom, Colopl / Panasonic OP jumps / Fujifilm's record profits / TOY's strong results / Daikin / BASE / TIS / NTT Data – Nikkei 225 -0.41

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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