Pelham Smithers Associates Ltd - PSA Today 15 Aug: Buoyed by macro data / Q2 GDP ahead of estimates / A closer look at Nominal GDP / Cable makers firm / Appiers Q2 / PKSHAs Q3 / Enechanges auditing struggles continue / Park24s robust July KPIs – Nikkei 225 +0.78% |

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Pelham Smithers Associates Ltd

Hiroyuki Terada ...

Joel Scheiman
Lindsay Whipp
Pelham Smithers
William Nestuk

PSA Today 15 Aug: Buoyed by macro data / Q2 GDP ahead of estimates / A closer look at Nominal GDP / Cable makers firm / Appier's Q2 / PKSHA's Q3 / Enechange's auditing struggles continue / Park24's robust July KPIs – Nikkei 225 +0.78% |

PSA Today Japan Market Comment by Pelham Smithers, William Nestuk, Joel Scheiman, Lindsay Whipp and Hiroyuki Terada
Tags: Dentsu (4324 JT), KHI (7012 JT), M3 Inc (2413 JT), Mitsubishi Electric (6503 JT), Keyence (6861 JT), Recruit (6098 JT), Bandai Namco (7832 JT), Kadokawa (9468 JT), Hodogaya Chemical (4112 JT),Chugai Pharmaceutical (4519 JT), Roche (ROG SW), Sarepta (SRPT US), Fujikura (5803 JT), Furukawa (5801 JT), SEI (5802 JT), SWCC (5805 JT), Fujitsu (6702 JT), Corning (GLW US), Appier (4180 JT), PKSHA (3993 JT), Enechange (4169 JT), Park24 (4666 JT)
Main Points
• Tokyo shares bounce on better-than-expected GDP data
• Japan Q2 GDP +0.8% QoQ
• Cable makers firm – Fujikura hits listing high
• Appier beats on FY24 Q2 sales and OP but keeps forecasts intact
• PKSHA beats on FY24 Q3 shows steady progress
• Enechange FY24 semi-annual report submission delay approved
• Park24’s July KPIs support our more bullish forecasts for FY24

15/08/2024 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

Joel Scheiman

Lindsay Whipp

Pelham Smithers

William Nestuk

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PSA Today 15 Aug: Buoyed by macro data / Q2 GDP ahead of estimates / A closer look at Nominal GDP / Cable makers firm / Appier's Q2 / PKSHA's Q3 / Enechange's auditing struggles continue / Park24's robust July KPIs – Nikkei 225 +0.78% |

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

PSA Today 25 Apr: Most of tariff fall recouped now / Tokyo CPI / Analyst articles on Advantest, Nissan, Hino, Denso, HCM, NRI, NTT Data, Chugai, DSK – Nikkei 225 +1.90% | ¥$143.55

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