PSA Today 13 Feb: Macro boost / Sony Q3 / Honda plus Nissan no-go; Q3s / Kaneka Q3 / Istyle Q2 / Trend Micro in play? / ExaWizards, DTS, Kakuyasu Q3 / Genki Peptidream – Nikkei 225 +1.28% | ¥$154.03

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk, Thao Nguyen, Lindsay Whipp, Hiroyuki Terada and Nia Dokova
Tags: Shiseido (4911 JT), GMO Payment Gateway (3769 JT), Sysmex (6869 JT), Recruit (6098 JT), ExaWizards (4259 JT), Cover (5253 JT), Kajima (1812 JT), Trend Micro (4704 JT), Fuji Soft (9749 JT), Metaplanet (3350 JT), Gumi (3903 JT), Modec (6269 JT), Mitsubishi Chemical (4188 JT), Sony (6758 JT), Apple (AAPL US), Honda Motor (7267 JT), Nissan Motor (7201 JT), Mitsubishi Motors (7211 JT), Kaneka (4118 JT), Fujikura (5803 JT), Furukawa (5801 JT), Istyle (3660 JT), OpenAI (pvt), Google (GOOG US), DeepSeek (pvt), DTS Corp (9682 JT), Kakuyasu Group (7686 JT), PeptiDream (4587 JT), Novartis (NOVN SW), Merck (MRK US)
Main Points
 Japan shares gain as both US CPI, Japan PPI higher than expected
 Sony FY24 Q3 OP +2% YoY, raises forecasts (a bit)
 Honda and Nissan formally announce end of merger talks; Honda FY24 Q3 results reflect deteriorating Auto business
 Nissan’s FY24 Q3 underwhelms, lowers full-year guidance
 Kaneka revises up on improved Q3
 Istyle approached one-year high on good Q2 and FY25 guidance upward revision
 Trend Micro limit up on takeover bid speculation
 ExaWizards FY24 Q3 results leave hard work for Q4
 DTS Corp reports solid FY24 Q3 results
 Expected weak Q3 see Kakuyasu maintain its full-year OP guidance
 Peptidream FY24 ahead of guidance; FY25 forecasts beat consensus