Pelham Smithers Associates Ltd - PSA Today 15 Feb: Weaker earnings outlook / Jan US video games / Dec camera sales / Mit Chems win / SMC / Net Protections / ExaWizards / Freee - Nikkei 225 -0.37%

Report

Pelham Smithers Associates Ltd

Joel Scheiman ...

Julie Boote
Lindsay Whipp
Pelham Smithers
Thao Nguyen
William Nestuk

PSA Today 15 Feb: Weaker earnings outlook / Jan US video games / Dec camera sales / Mit Chem's win / SMC / Net Protections / ExaWizards / Freee - Nikkei 225 -0.37%

Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk, Thao Nguyen and Lindsay Whipp
Tags: Shimano (7309 JT), SMC (6273 JT), Toyota Motor (7203 JT), Giftee (4449 JT), Z Holdings (4689 JT), Rakuten (4755 JT), Nintendo (7974 JT), Activision (ATVI US), Electronic Arts (EA US), Bandai Namco (7832 JT), Square Enix (9684 JT), Sony (6758 JT), Microsoft (MSFT US), Panasonic (6752 JT), Samsung (005930 KS), Nikon (7731 JT), Canon (7751 JT), Mitsubishi Chemical Group (4188 JT), Novartis (NVS US), SMC (6273 JT), Yaskawa (6506 JT), Daifuku (6383 JT), Net Protections (7383 JT), SBI Neo Financial Services, Shoko Chukin Bank, Ehime Bank, ExaWizards (4259 JT), Freee KK (4478 JT), Money Forward (3994 JT) Rakus (3923 JT), Cybozu (4776 JT), Sansan (4443 JT).
Main Points
• Tokyo shares slide on US CPI, weak earnings outlook
• US video game sales in January -5% YoY
• December camera shipments -5% YoY in unit terms, +37% in value terms
• Mitsubishi Chemical wins Gilenya arbitration
• SMC -2.7% after FY22 OP guidance unchanged
• Net Protections not revising up
• ExaWizards revises down FY22 forecasts
• Freee avoids sell-off following solid KPIs in FY23 Q2

15/02/2023 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

Joel Scheiman

Julie Boote

Lindsay Whipp

Pelham Smithers

Thao Nguyen

William Nestuk

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PSA Today 15 Feb: Weaker earnings outlook / Jan US video games / Dec camera sales / Mit Chem's win / SMC / Net Protections / ExaWizards / Freee - Nikkei 225 -0.37%

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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