Pelham Smithers Associates Ltd - PSA Today 12 May: Nikkei 225 at 18-month high / Sharp and Switch 2 / Guidance: Square Enix, Nissan, Mazda / Fujikura / ExaWizards / NTT Data – Nikkei 225 +0.90%

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Pelham Smithers Associates Ltd

Julie Boote ...

Lindsay Whipp
Pelham Smithers
Thao Nguyen
William Nestuk

PSA Today 12 May: Nikkei 225 at 18-month high / Sharp and Switch 2 / Guidance: Square Enix, Nissan, Mazda / Fujikura / ExaWizards / NTT Data – Nikkei 225 +0.90%

Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk, Thao Nguyen and Lindsay Whipp
Tags: Hoya (7741 JT), Advantest (6857 JT), Tokyo Electron (8035 JT), Nissan Motor (7201 JT), Honda (7267 JT), SoftBank Group (9984 JT), Alibaba (BABA US), Konami (9766 JT), Nintendo (7974 JT), Sony (6758 JT), Capcom (9697 JT), Square Enix (9684 JT), Bandai Namco (7832 JT), Tsuburaya Fields (2767 JT), Sankyo (6417 JT), Sharp (6753 JT), Casio (6952 JT), GMO Financial Gate (4051 JT), Trend Micro (4704 JT), Rakuten (4755 JT), KDDI (9433 JT), Ubisoft (UBI FP), Hon Hai (2317 JT), Mazda (7261 JT), Fujikura (5803 JT), BT (BT.A LN), ExaWizards (4259 JT), NTT Data (9613 JT), BMW (BMW GR)
Main Points
• Nikkei 225 climbs to an 18-month high on strong semiconductor related stock performance
• Sharp hints as FY24 Switch 2
• Square Enix’s FY23 forecast falls well short of consensus
• Nissan releases upbeat FY23 guidance numbers
• Mazda guidance beats estimates
• Fujikura guidance: weak H1 FY23 but dividend yield raised to 5%
• ExaWizards FY23 sales growth forecast muted
• NTT Data trounces FY22 consensus estimates.

12/05/2023 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

Julie Boote

Lindsay Whipp

Pelham Smithers

Thao Nguyen

William Nestuk

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PSA Today 12 May: Nikkei 225 at 18-month high / Sharp and Switch 2 / Guidance: Square Enix, Nissan, Mazda / Fujikura / ExaWizards / NTT Data – Nikkei 225 +0.90%

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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