PSA Today 14 May: Topix winning streak ends / April PPI / Results comments on Sony, Square Enix, Nissan, Subaru, IIJ, istyle, Sysmex – Nikkei -0.14% | ¥147.09
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Thao Nguyen, Lindsay Whipp and Nia DokovaTags: Nvidia (NVDA US), Micron (MU US), Broadcom (AVGO US), Disco (6146 JT), Kokusai Electric (6525 JT), Advantest (6857 JT), Lasertec (6920 JT), Fujikura (5803 JT), Honda Motor (7267 JT), Nissan Motor (7201 JT), Toyota Motor (7203 JT), Subaru (7270 JT), Isuzu Motors (7202 JT), Cover Corp (5253 JT), istyle (3660 JT), Recruit (6098 JT), Sony (6758 JT), Take Two Interactive (TTWO US), Microsoft (MSFT US), Electronic Arts (EA US), Embracer (EMBRACB SS), Konami (9766 JT), Kojima Productions (pvt), Apple (AAPL US), Square Enix (9684 JT), Bandai Namco (7832 JT), Sega Sammy (6460 JT), Mitsubishi Motors (7211 JT), Renault (RNO FP), Mazda Motor (7261 JT), SRE Holdings (2980 JT), Internet Initiative Japan (3774 JT), DTS Corp. (9682 JT), Nomura Research Institute (4307 JT), TIS Inc. (3626 JT), Money Forward (3994 JT), Amazon (AMZN US), Sysmex (6969 JT), Olympus (7733 JT), Shimadzu (7701 JT)
Main Points
Topix winning streak ended, but AI, earnings provide support
Japan PPI +4.0% YoY in April
Sony FY24 Q4 OP -11% YoY, guidance below consensus
Square Enix FY24 Q4 OP ¥7.2bil, beats expectations, guidance cautious but stock split 3:1
Nissan accelerates restructuring – no FY25 profit guidance
Subaru FY24 Q4 OP down 62.8% YoY; no guidance
SRE produces strong FY24 results and bullish FY25 forecasts
IIJ forecasts OP growth recovery in FY25
Strong FY25 Q3 performance sends istyle shares up over +10%
Sysmex FY25 guidance below consensus, FY24 records growth across all regions and categories
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.