Pelham Smithers Associates Ltd - PSA Today 15 April: Auto tariff hopes / Japan to discuss US tariffs / Pfizer drug fail / March China auto sales / Money Forward Q1 / Demae-can Q2 / Park24 Mar KPIs – Nikkei 225 +0.84% | ¥$143.45

Report

Pelham Smithers Associates Ltd

Hiroyuki Terada ...

Julie Boote
Lindsay Whipp
Pelham Smithers
Thao Nguyen

PSA Today 15 April: Auto tariff hopes / Japan to discuss US tariffs / Pfizer drug fail / March China auto sales / Money Forward Q1 / Demae-can Q2 / Park24 Mar KPIs – Nikkei 225 +0.84% | ¥$143.45

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Lindsay Whipp, Thao Nguyen and Hiroyuki Terada
Tags: MHI (7011 JT), Mitsubishi Motors (7211 JT), Toyota Motor (7203 JT), Denso (6902 JT), Recruit (6098 JT), Hitachi (6501 JT), Sony (6758 JT), Tokyo Gas (9531 JT), West Japan Railway (9021 JT), Tokyu Corp (9005 JT), Toho (9602 JT), Kitanotatsujin (2930 JT), Cosmos Pharmaceutical (3349 JT), Money Forward (3994 JT), TerraSky (3915 JT), Pfizer (PFE US), Chugai Pharmaceutical (4519 JT), Nxera Pharma (4565 JT), Eli Lilly (LLY US), Viking Therapeutics (VKTX US), Structure Therapeutics (GPCR US), Geely Automobile (175 HK), Chery Automobile (600301 CH), BYD (1211 HK), Nissan Motor (7201 JT), Honda Motor (7267 JT), Freee KK (4478 JT), Outlook Consulting (5596 JT), Sansan (4443 JT), Demae-can (2484 JT), Park24 (4666 JT)
Main Points
 Japan shares gain on hopes for auto tariff exemptions, optimism for US economy
 Japan set to play the Putin Defence in tariff chess game
 Pfizer GLP-1 drug failure puts light on upcoming orforglipron readout, Nxera / Pfizer situation
 China auto sales rise in March on scrappage subsidies
 Money Forward FY25 Q1OP loss far narrower than market expectations
 Demae-can keeps FY25 guidance unchanged
 Park24’s March KPIs

15/04/2025 1 EN

Provider

Pelham Smithers Associates Ltd

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.

See profile

Analysts

Hiroyuki Terada

Julie Boote

Lindsay Whipp

Pelham Smithers

Thao Nguyen

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PSA Today 15 April: Auto tariff hopes / Japan to discuss US tariffs / Pfizer drug fail / March China auto sales / Money Forward Q1 / Demae-can Q2 / Park24 Mar KPIs – Nikkei 225 +0.84% | ¥$143.45

PSA Today 28 Apr: Sentiment uptick / FY24s for Hitachi, NEC / Socionext woes / TDK, Komatsu: weak FY25 guidance / Toyota Industries to be taken private? / JMDC preview / CUC FY25 guidance conservative – Nikkei 225 +0.38% | ¥$143.83

The PSA Research Round-Up for the Two-Week Period Covering 11~25 April 2025

PSA Broadline Retail: Treasure Factory (3093 JT): Inbound Sales Still Solid in Q1

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