Pelham Smithers Associates Ltd - PSA Today 12 April: Buffett visit, yen weakness encouraging / Divergent consensus / Feb machinery / Casinos / Denso leadership / Takeuchis strong results / Demae-cans FY23 revisions / Money Forward preview – Nikkei 225 +0.57%

Report

Pelham Smithers Associates Ltd

Lindsay Whipp ...

Pelham Smithers
Thao Nguyen
William Nestuk

PSA Today 12 April: Buffett visit, yen weakness encouraging / Divergent consensus / Feb machinery / Casinos / Denso leadership / Takeuchi's strong results / Demae-can's FY23 revisions / Money Forward preview – Nikkei 225 +0.57%

Japan Market Comment by Pelham Smithers, Will Nestuk, Thao Nguyen and Lindsay Whipp
Tags: Berkshire Hathaway (BRK/A US), Marubeni (8002 JT), Komatsu (6301 JT), Kubota (6326 JT), Orix (8591 JT), MGM Resorts International (MGM US), Glory, (6457 JT), Japan Cash Machine (6418 JT), Universal Entertainment (6425 JT), Konami (9766 JT), Sega Sammy (6460 JT), SoftBank Group (9984 JT), Mars Engineering (6419 JT), Tsuburaya Fields (2767 JP), Square Enix (9684 JP), Oki Electric (6703 JT), Internet Initiative Japan (3774 JT), Denso (6902 JT), Takeuchi Mfg (6432 JT), Hitachi Construction Machinery (6305 JT), Demae-can (2484 JT), Money Forward (3994 JT), Freee KK (4478 JT)
Main Points
• Tokyo shares make further gains on Buffett visit, yen weakness
• Consensus forecasts showing differing market expectations
• Feb machinery orders +1% YoY, “core” orders +10%
• Osaka Casino Set for Approval?
• Denso’s next president is a software and mobility expert
• Takeuchi Mfg limit up on strong Q4 FY22 and FY23 OP guidance; Komatsu +3.3%
• Demae-can revises FY23 sales guidance downward, expects losses to contract
• Money Forward: FY23 Q1 preview

12/04/2023 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

Lindsay Whipp

Pelham Smithers

Thao Nguyen

William Nestuk

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PSA Today 12 April: Buffett visit, yen weakness encouraging / Divergent consensus / Feb machinery / Casinos / Denso leadership / Takeuchi's strong results / Demae-can's FY23 revisions / Money Forward preview – Nikkei 225 +0.57%

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

PSA Today 25 Apr: Most of tariff fall recouped now / Tokyo CPI / Analyst articles on Advantest, Nissan, Hino, Denso, HCM, NRI, NTT Data, Chugai, DSK – Nikkei 225 +1.90% | ¥$143.55

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