- Julie Boote
- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
PSA Today 11 May: Mixed day / Results for Nikon / Konami / Several tech-supply chain names / Subaru / Honda / Nexon / SRE Holdings – Nikkei 225 +0.02 | ¥134.24
Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, Thao Nguyen and Lindsay WhippTags: Fujifilm Holdings (4901 JT), Panasonic (6752 JT), Eneos (5020 JT), Bandai Namco (7832 JT), Sumitomo Metal Mining (5713 JT), Kao Corp (4452 JT), Asahi Kasei (3407 JT), Mitsubishi Heavy (7011 JT), Teijin (3401 JT), SRE Holdings (2980 JT), Money Forward (3994 JT), Sansan (4443 JT), ExaWizards (4259 JT), PKSHA Technology (3993 JT), Appier Group (4180 JT), Heroz (4382 JT), SoftBank Group (9984 JT), Berkshire Hathaway (BRK/A US), Nikon (7731 JT), Canon (7751 JT), Olympus (7733 JT), Konami (9766 JT), Square Enix (9684 JT), Sega Sammy (6460 JT), Nissha (7915 JT), Sumco (3436 JT), Tokyo Ohka Kogyo (4186 JT), Dexerials (4980 JT), Subaru (7270 JT), Toyota Motor (7203 JT), Mitsubishi Motors (7211 JT), Honda (7267 JT), Nexon (3659 JT), Cybozu (4776 JT)
Main Points
• Japan shares close mixed as earnings season, economic uncertainty clouds sentiment
• Nikon FY22 4Q OP +44% YoY but below consensus, FY23 forecasts in line
• Konami FY22 4Q OP -39% YoY, guides for weaker than expected FY23 OP bounce
• Glum guidance given by technology supply chain companies
• Subaru’s FY22 Q4 / FY23 OPe both fall short of guidance / consensus
• Honda posts FY22 Q4 profits below estimates
• Nexon’s FY23 Q1 earnings beat
• SRE Holdings beats recently-hiked FY22 sales forecast
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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