PSA Today 11 Mar: 2% market drop / Nintendo's 2024 plans / Video game sector outlook for 2024 / Automakers' FY24 guidance amid a strengthening yen – Nikkei 225 -2.19% | ¥$146.90
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote and Joel ScheimanTags: Marvell Technology (MRVL US), SoftBank Group (9984 JT), Advantest (6857 JT), Disco (6146 JT), Eisai (4523 JT), Eli Lilly (LLY US), Astellas (4503 JT), Basilea (BSLN SW), Sosei (4565 JT), Boehringer Ingelheim (BING GY), Infocom (4348 JT), Teijin (3401 JT), Sourcenext (4344 JT), Gumi (3903 JT), Nintendo (7974 JT), Miraial (4238 JT), Shin-Etsu Polymer (7970 JT), Sony (6758 JT), Capcom (9697 JT), Take Two (TTWO US), Microsoft (MSFT US), Square Enix (9684 JT), Konami (9766 JT), Bandai Namco (7832 JT), Kadokawa (9468 JT), Koei Tecmo (3635 JT), Nexon (3659 JT), Bridgestone (5108 JT), Toyota Motor (7203 JT), Subaru (7270 JT), Mazda Motor (7261 JT)
Main Points
• Nikkei 225 drops -2% as mini perfect storm of data, earnings hit
• Nintendo unveils remakes for 2024, but still no tent-pole title
• FY24 looks increasingly tough for Japanese video game companies
• Automakers’ FY24 guidance to be impacted by recent currency moves
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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