Pelham Smithers Associates Ltd - PSA Today 12 Nov: Generally strong earnings a help / Tokyo Electron Q2 OP +81% YoY / Trend Micro Q3 beat / GMO Fin Gate FY sales beat / Weak Q3 and FY revision down for Giftee / Medley misses Q3 consensus estimates – Nikkei +1.13%

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Pelham Smithers Associates Ltd

Joel Scheiman ...

Lindsay Whipp
Pelham Smithers
Thao Nguyen
William Nestuk

PSA Today 12 Nov: Generally strong earnings a help / Tokyo Electron Q2 OP +81% YoY / Trend Micro Q3 beat / GMO Fin Gate FY sales beat / Weak Q3 and FY revision down for Giftee / Medley misses Q3 consensus estimates – Nikkei +1.13%

Japan Market Comment by Pelham Smithers, Joel Scheiman, William Nestuk, Thao Nguyen, and Lindsay Whipp
Tags: Sumitomo Real Estate (8830 JT), Lasertec (6920 JT), Fujitsu (6702 JT), Mitsui Fudosan (8801 JT), Mitsubishi Estate (8802 JT), Tokyo Electron (8035 JT), Nidec (6594 JT), Toyota Motor (7203 JT), Kubota (6326 JT), Fujimi (5384 JT), Rakuten (4755 JT),Toshiba (6502 JT), GE (GE US), Diamond Electric (6699 JT), Ferrotec (6890 JT), Harmonic Drive Systems (6324 JT), Giftee (4449 JT), Intel (INTC US), TSMC (2330 TT), ASML (ASML NA), Trend Micro (4704 JT), GMO Financial Gate (4051 JT), Medley Inc (4480 JT), NTT Docomo, M3 (2413 JT), LINE, Sony (6758 JT), MICIN, KDDI (9433 JT), T-PEC
Main Points
• Property plays lead Tokyo higher on strong earnings
• Tokyo Electron 2Q FY21 OP +81% YoY
• Trend Micro’s FY21 Q3 beats
• GMO Financial Gate’s FY21 sales beats
• Giftee revised down FY on weak Q3
• Medley Inc misses consensus estimates for FY21 Q3

12/11/2021 6 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

Lindsay Whipp

Pelham Smithers

Thao Nguyen

William Nestuk

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PSA Today 12 Nov: Generally strong earnings a help / Tokyo Electron Q2 OP +81% YoY / Trend Micro Q3 beat / GMO Fin Gate FY sales beat / Weak Q3 and FY revision down for Giftee / Medley misses Q3 consensus estimates – Nikkei +1.13%

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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