Pelham Smithers Associates Ltd - PSA Today 11 May: Focus on earnings / Sonys PS5 production target / Results for Capcom, Panasonic / Dexerials limit up / Suzuki and Toyotas dull FY22 forecasts / Daikins Shanghai production / Kakakus strong FY22 outlook – Nikkei 225 +0.

Report

Pelham Smithers Associates Ltd

Joel Scheiman ...

Julie Boote
Pelham Smithers
Thao Nguyen
William Nestuk

PSA Today 11 May: Focus on earnings / Sony's PS5 production target / Results for Capcom, Panasonic / Dexerials limit up / Suzuki and Toyota's dull FY22 forecasts / Daikin's Shanghai production / Kakaku's strong FY22 outlook – Nikkei 225 +0.

Japan Market Comment by Pelham Smithers, Joel Scheiman, Julie Boote, William Nestuk and Thao Nguyen
Tags: Nippon Steel (5401 JT), Ricoh (7752 JT), Sony (6758 JT), Nintendo (7974 JT), Dexerials (4980 JT), Plaid Inc (4165 JT), Toyota Motor (7203 JT), Shionogi (4507 JT), Microsoft (MSFT US), Capcom (9697 JT), Panasonic (6752 JT), Dexerials (4980 JT), Apple (AAPL US), Mitsubishi Motors (7211 JT), Suzuki (7269 JT), Maruti Suzuki (MSIL IN), Daikin (6367 JT), Kakaku.com (2371 JT)
Main Points
• Mixed day as focus shifts to earnings results
• Sony sets 18mil PS5 production target for FY22
• Capcom 4Q FY21 OP -24% YoY
• Panasonic 4Q FY21 OP +140% YoY
• Dexerials limit up on positive earnings
• Toyota forecasts large drop in OP for FY22
• Suzuki reports FY21 Q4 earnings, FY22 guidance disappoints
• Daikin resumes Shanghai production
• Kakaku.com’s FY22 guidance exceeds market expectations

11/05/2022 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

Joel Scheiman

Julie Boote

Pelham Smithers

Thao Nguyen

William Nestuk

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PSA Today 11 May: Focus on earnings / Sony's PS5 production target / Results for Capcom, Panasonic / Dexerials limit up / Suzuki and Toyota's dull FY22 forecasts / Daikin's Shanghai production / Kakaku's strong FY22 outlook – Nikkei 225 +0.

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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