PSA Today 14 Dec: Lower as Fed suggests rate hikes are over / Murata's new strategy / Yen strength hurts KHI / Smaregi sold down despite hike to FY24 OP target / Anycolor's FY24 guidance unchanged / Park24 Q4 results – Nikkei 225 -0.73% | ¥
PSA Today Japan Market Comment by Pelham Smithers, William Nestuk, Thao Nguyen and Hiroyuki TeradaTags: Nippon Yusen (9101 JT), Nissan Motor (7201 JT), Subaru (7270 JT), Honda (7267 JT), Recruit Holdings (6098 JT), Fujitsu General (6755 JT), Fujitsu (6702 JT), Sega Sammy (6460 JT), Konami (9766 JT), Capcom (9697 JT), Nexon (3659 JT), Murata Mfg (6981 JT), TDK (6762 JT), KHI (7012 JT), IHI (7013 JT), GA Technologies (3491 JT), Smaregi (4431 JT), Park24 (4666 JT)
Main Points
• Tokyo shares slide as Fed indicates US rate hikes over
• Murata announces strategy shift as end markets go ex-growth
• KHI sold off on yen strength
• Smaregi heavily sold down despite hike to FY24 OP guidance
• Anycolor keeps FY24 guidance unchanged, again
• Park24 announces FY23 Q4 results
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.
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