Pelham Smithers Associates Ltd - PSA Today 12 May: Hopes on trade tariffs, Ukraine war talks / Bank lending / Panasonic peels the onion / FY24 Q4s for Sega Sammy, Mazda, Suzuki, Moriya TEM / KHI rethink - Nikkei 225 +0.38%

Report

Pelham Smithers Associates Ltd

Hiroyuki Terada ...

Joel Scheiman
Julie Boote
Pelham Smithers
William Nestuk

PSA Today 12 May: Hopes on trade tariffs, Ukraine war talks / Bank lending / Panasonic peels the onion / FY24 Q4s for Sega Sammy, Mazda, Suzuki, Moriya TE&M / KHI rethink - Nikkei 225 +0.38%

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, Will Nestuk and Hiroyuki Terada
Tags: Advantest (6857 JT), Renesas (6723 JT), Disco (6146 JT), Olympus (7733 JT), Mitsui OSK (9104 JT), SMC (6273 JT), Lasertec (6920 JT), Nidec (6594 JT), Tokyo Ohka Kogyo (4186 JT), Teijin (3401 JT), Takeda (4502 JT), Chugai (4519 JT), Daiichi Sankyo (4568 JT), Eisai (4523 JT), DeNA (2432 JT), Akatsuki (3932 JT), GungHo (3765 JT), Gree (3632 JT), Nintendo (7974 JT), Sega Sammy (6460 JT), Panasonic (6752 JT), Heiwa (6412 JT), Sankyo (6417 JT), Mazda Motor (7261 JT), Nissan Motor (7201 JT), Suzuki Motor (7269 JT), KHI (7012 JT), Shimadzu (7701 JT), Moriya Transportation Engineering & Manufacturing (6226 JT)
Main Points
 Tokyo shares higher on trade talk, peace talk hopes
 Bank lending slows to +2.5% YoY
 Panasonic’s “peeling an onion” problem
 Sega Sammy FY24 Q4 ¥4.4bil, exceeding expectations
 Mazda FY24 Q4 OP misses estimates, no guidance
 Suzuki FY24 Q4 results beat estimates
 KHI sees high volume rethink
 Shimadzu falls short of consensus
 Moriya Transport & Eng Manufacturing beats and guides conservatively

12/05/2025 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

Hiroyuki Terada

Joel Scheiman

Julie Boote

Pelham Smithers

William Nestuk

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PSA Today 12 May: Hopes on trade tariffs, Ukraine war talks / Bank lending / Panasonic peels the onion / FY24 Q4s for Sega Sammy, Mazda, Suzuki, Moriya TE&M / KHI rethink - Nikkei 225 +0.38%

The PSA Research Round-Up for the Week to 9 May 2025

PSA Industrials / Electrical Equipment: Nidec (6594 JT) – What to Look out for in FY25

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