Pelham Smithers Associates Ltd - PSA Today 15 Dec: ATH for Topix as Nikkei falls on AI worries / Genki Tankan / Capcom Pragmata demo / EU ICE decision and Japan autos / Park 24 FY25 Q4 results and FY26 outlook – Nikkei 225 -1.31% | ¥$155.01

Report

Pelham Smithers Associates Ltd

Hiroyuki Terada ...

Julie Boote
Pelham Smithers

PSA Today 15 Dec: ATH for Topix as Nikkei falls on AI worries / Genki Tankan / Capcom Pragmata demo / EU ICE decision and Japan autos / Park 24 FY25 Q4 results and FY26 outlook – Nikkei 225 -1.31% | ¥$155.01

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote and Hiroyuki Terada
Tags: Fanuc (6954 JT), Yaskawa Electric (6506 JT), Japan Steel Works (5631 JT), SoftBank Group (9984 JT), Nippon Steel (5401 JT), Aeon (8267 JT), East Japan Railway (9020 JT), Recruit (6098 JT), Daiichi Sankyo (4568 JT), Mercari (4385 JT), Toyota Motor (7203 JT), Shin-Etsu Chemical (4063 JT), Subaru (7270 JT), Mazda Motor (7261 JT), Kioxia (285A JT), SanDisk (SNDK US), KLab (3656 JT), Square Enix (9684 JT), KDDI (9433 JT), Kansai EP (9503 JT), Rakuten Group (4755 JT), GA Technologies (3491 JT), Anycolor (5032 JT), Cover Corp (5253 JT), Capcom (9697 JT), Take Two (TTWO US), Nissan Motor (7201 JT), Suzuki Motor (7269 JT), Honda Motor (7267 JT), Mitsubishi Motor (7211 JT), Park24 (4666 JT)
Main Points
 Topix sets another record high as Nikkei 225 slumps on AI slowdown fears
 Tankan encourages talk of multiple rate hikes
 Capcom’s Pragmata demo is a great test of left-side, right-side brain
 Japan auto stocks rise on EU ICE ban reversal
 Park24: Mobility / Overseas / dividend to improve for FY26

15/12/2025 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

Pelham Smithers

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PSA Media & Entertainment: Capcom’s (9697 JT) Pragmata Demo is a Great Test of Left-Side, Right-Side Brain

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PSA Today 15 Dec: ATH for Topix as Nikkei falls on AI worries / Genki Tankan / Capcom Pragmata demo / EU ICE decision and Japan autos / Park 24 FY25 Q4 results and FY26 outlook – Nikkei 225 -1.31% | ¥$155.01

PSA Interactive Services: GA Technologies (3491 JT) Conservatively Keeps FY26 Guidance Unchanged

PSA Enterprise Software / IT Services: Visional (4194 JT) FY26 Q1 OP Cruises Past Consensus Estimates

PSA Media & Entertainment: Capcom’s (9697 JT) Pragmata Demo is a Great Test of Left-Side, Right-Side Brain

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