PSA Today 14 Oct: Tokyo surges / Disappointing video game sales in Japan / Strong Aug camera shipments / Sluggish 1H housing orders for Asahi Kasei and Sekisui Chem / Demae-can's FY23 / Sansan's Q1 – Nikkei 225 +3.25% / $147.59
PSA Today Japan Market Comment by Pelham Smithers, Joel Scheiman, Thao Nguyen and Lindsay WhippTags: Fast Retailing (9983 JT), M3 (2413 JT), Astellas Pharma (4503 JT), Ryohin Keikaku (7453 JT), Ichigo (2337 JT), Sansan (4443 JT), Nintendo (7974 JT), Square Enix (9684 JT), Sony (6758 JT), Canon (7751 JT), Nikon (7731 JT), Canon Marketing (8060 JT), ASML (ASML NA), Sekisui Chemical (4204 JT), Asahi Kasei (3407 JT), Demae-can (2484 JT)
Main Points
• Tokyo surges following Wall Street’s massive bounce off new lows
• Video game sales in Japan disappoint
• Camera shipments +60% YoY in August
• Asahi Kasei and Sekisui Chemical book sluggish H1 housing orders
• Demae-can’s FY23 guided loss smaller than consensus estimate
• Sansan FY22 Q1 misses loss estimates
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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