- Julie Boote
- Lindsay Whipp
- Pelham Smithers
- William Nestuk
PSA Today 10 May: Subdued ahead of Q1 GDP data next week / Results for TEL, Olympus, Nissan Motor, Honda, Daikin, NTT Data, Base Inc, Moriya, Open Up – Nikkei 225 +0.41% | ¥$155.60
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk, Lindsay Whipp and Hiroyuki TeradaTags: Konami (9766 JT), Screen Holdings (7735 JT), Bandai Namco (7832 JT), Nintendo (7974 JT), Sega Sammy (6460 JT), SBI Holdings (8473 JT), Internet Initiative Japan (3774 JT), Tokyo Electron (8035 JT), Olympus (7733 JT), Nissan Motor (7201 JT), Toyota Motor (7203 JT), Honda (7267 JT), Renault (RNO FP), Daikin Industries (6367 JT), Midea (000333 CH), NTT Data (9613 JT), BASE Inc (4477 JT), Moriya Transportation Engineering and Manufacturing (6226 JT), Open Up Group (2154 JT), UT Group (2146 JT)
Main Points
• Tokyo shares end subdued week on a mildly positive note ahead of Q1 GDP
• Tokyo Electron FY23 Q4 OP -5% YoY, to buy back 0.8% of shares
• Olympus reports another disappointing quarter for FY23 but beats FY24 expectations
• Nissan misses FY23 estimates, remains upbeat about FY24 prospects
• Honda produces strong FY23 results
• Daikin rises on optimism
• NTT Data FY23 beats forecasts thanks to Japan, Europe demand and weaker yen
• BASE expects to be profitable in FY24
• Strong Q4 for Moriya, DPS and MTP targets raised
• Open Up revises up DPS
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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