Pelham Smithers Associates Ltd - PSA Today 10 May: Lower as BoJ intervenes / Sony, Nintendo, Taiyo Yuden 4Qs / First auto to report is MMC / DeNAs miss / Daikin, KHI, IHI numbers / NTT Data and NTT overseas – Nikkei 225 -0.58%

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Pelham Smithers Associates Ltd

Julie Boote ...

Lindsay Whipp
Pelham Smithers
Thao Nguyen
William Nestuk

PSA Today 10 May: Lower as BoJ intervenes / Sony, Nintendo, Taiyo Yuden 4Qs / First auto to report is MMC / DeNA's miss / Daikin, KHI, IHI numbers / NTT Data and NTT overseas – Nikkei 225 -0.58%

Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk, Thao Nguyen, and Lindsay Whipp
Tags: Canon (7751 JT), Rinnai (5947 JT), Itochu (8001 JT), Sumitomo Corp (8053 JT), Kawasaki Heavy Industries (7012 JT), Nintendo (7974 JT), Sony (6758 JT), Square Enix (9684 JT), Embracer (EMBRACB SS), Microsoft (MSFT US), Samsung Electro-Mechanics (009150 KS), Apple (AAPL US), Taiyo Yuden (6967 JT), Murata (6981 JT), Rohm (6963 JT), Mitsubishi Motors (7211 JT), Daikin (6367 JT), IHI (7013 JT), DeNA (2432 JT), Gree (3632 JT), Mixi (2121 JT), NTT Data (9613 JT), NTT Corp (9432 JT)
Main Points
• Tokyo shares lower as BoJ intervenes in JGB market
• Sony 4Q FY21 OP +124% YoY
• Nintendo 4Q OP flat, NP +6% YoY
• Taiyo Yuden 4Q OP +52% YoY, Rohm +9% YoY
• Mitsubishi Motors publishes…. guidance
• Daikin FY22 OP guidance positive
• KHI disappoints
• Positive IHI FY22 guidance
• DeNA’s FY21 miss
• NTT Data to combine overseas operations with parent NTT Corp

10/05/2022 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

Julie Boote

Lindsay Whipp

Pelham Smithers

Thao Nguyen

William Nestuk

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PSA Today 10 May: Lower as BoJ intervenes / Sony, Nintendo, Taiyo Yuden 4Qs / First auto to report is MMC / DeNA's miss / Daikin, KHI, IHI numbers / NTT Data and NTT overseas – Nikkei 225 -0.58%

PSA Today 28 Apr: Sentiment uptick / FY24s for Hitachi, NEC / Socionext woes / TDK, Komatsu: weak FY25 guidance / Toyota Industries to be taken private? / JMDC preview / CUC FY25 guidance conservative – Nikkei 225 +0.38% | ¥$143.83

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

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