- Joel Scheiman
- Lindsay Whipp
- Nia Dokova
- Pelham Smithers
- William Nestuk
PSA Today 14 Feb, Valentines Day: A slide / Sony's Q3, and IPO plans / Rakuten Q4 / Sumco / Resonac / Olympus / SMC / Nabtesco / ExaWizards Q3 / Sanrio / Treasure Factory – Nikkei 225 -0.69% | ¥$150.39
PSA Today Japan Market Comment by Pelham Smithers, Joel Scheiman, Nia Dokova, William Nestuk, Lindsay Whipp and Hiroyuki TeradaTags: Advantest (6857 JT), Fast Retailing (9983 JT), Fanuc (6954 JT), LY Corp (4689 JT), Shimano (7309 JT), Japan Tobacco (2914 JT), Sumitomo Rubber (5110 JT), Asahi Group (2502 JT), Nippon Steel (5401 JT), US Steel (X US), Japan Aviation Electronics (6807 JT), NEC Corp (6701 JT), Sapporo Holdings (2501 JT), Sony (6758 JT), Apple (AAPL US), Rakuten (4755 JT), Sumco (3436 JT), Shin-Etsu Chemical (4063 JT), Resonac (4004 JT), Mitsubishi Chemical Group (4188 JT), Olympus (7733 JT), Canon (7751 JT), SMC (6273 JT), ExaWizards (4259 JT), Sapporo Holdings (2501 JT), Sanrio (8136 JT), McDonald’s Holdings Co Japan (2702 JT), Treasure Factory (3093 JT)
Main Points
• Tokyo shares slide on Wall Street sell-off, higher bond yields
• Sony FY23 Q3 OP +10%, revises up / Plans to IPO Financial Services Division
• Rakuten’s FY23 Q4 operating loss of -¥33bil, less than expected
• Sumco enters FY24 with sharp inventory correction
• Resonac sees H2 recovery, postures for restructuring
• Olympus reports disappointing FY23 Q3 earnings
• SMC: Only modest recovery in semis so far
• Nabtesco falls to lowest level in four years
• ExaWizards FY23 Q3 sales accelerate
• Sanrio FY23 Q3 OP +54%, revises up
• Treasure Factory revises up full-year FY23 guidance
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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