Pelham Smithers Associates Ltd - PSA Today 15 Jan: Mixed day / Dec machine tool orders / PVC restructuring / Robotics stocks rise / Shift Q1, BayCurrent Q3, Sansan Q2 – Nikkei 225 -0.08% | ¥$157.31

Report

Pelham Smithers Associates Ltd

Joel Scheiman ...

Julie Boote
Lindsay Whipp
Pelham Smithers
Thao Nguyen
William Nestuk

PSA Today 15 Jan: Mixed day / Dec machine tool orders / PVC restructuring / Robotics stocks rise / Shift Q1, BayCurrent Q3, Sansan Q2 – Nikkei 225 -0.08% | ¥$157.31

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, Thao Nguyen, William Nestuk and Lindsay Whipp
Tags: Advantest (6857 JT), Furukawa Electric (5801 JT), Socionext (6526 JT), Fanuc (6954 JT), Keyence (6861 JT), Nintendo (7974 JT), Murata (6981 JT), Money Forward (3994 JT), Sansan (4443 JT), Shift Inc (3697 JT), BayCurrent (6532 JT), Nidec (6594 JT), Makino Milling (6135 JT), Mitsui Mining & Smelting (5706 JT), Demae-can (2484 JT), Amada (6113 JT), DMG Mori (6141 JT), Toagosei (4045 JT), Mitsubishi Chemical Group (4188 JT), Kaneka (4118 JT), Yaskawa Electric (6506 JT)
Main Points
 Tokyo shares close mixed as BoJ raises rate hike expectations
 December 2024 machine tool orders highest since September 2022
 PVC restructuring: Toagosei and Kaneka
 Robotics stocks rise
 Shift: FY25 Q1 OP beats consensus estimates as recruitment costs fall and GPM improves
 BayCurrent FY24 Q3 sales and OP meet consensus estimates
 Sansan FY24 Q2 OP beats consensus estimates, while sales are in line

15/01/2025 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

Joel Scheiman

Julie Boote

Lindsay Whipp

Pelham Smithers

Thao Nguyen

William Nestuk

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Julie Boote

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PSA Industrial Electronics / Electrical Components & Equipment: Nidec (6594 JT) Earnings Stabilising on A More Balanced Product Portfolio

As Nidec has managed to get its ailing EV-business back in the black, it is now expanding profits in all of its divisions. In CY2024, investors’ focus has been very much on the AI theme, but Nidec’s earnings growth potential is based on a wider foundation than just AI. Analyst Julie Boote is assessing the company’s near-term profit outlook, while evaluating new developments in FY25.

1h / 29m 1h / 29m 1 EN

Hiroyuki Terada ... (+7)

Hiroyuki Terada
Joel Scheiman
Julie Boote
Lindsay Whipp
Pelham Smithers
Thao Nguyen
William Nestuk

PSA Today 14 Jan: Lowest market level since 29 Nov / Considering Nexon / TOY India ploy / Yaskawa Q3 / Money Forward FY24 / Curves Q1, Treasure Factory Q3, S-Pool Q4 – Nikkei 225 -1.83% | ¥157.38

PSA Today Japan Market Comment by Pelham Smithers, Thao Nguyen, Julie Boote, Joel Scheiman, William Nestuk, Lindsay Whipp and Hiroyuki Terada Tags: Advantest (6857 JT), Disco (6146 JT), Lasertec (6920 JT), Ibiden (4062 JT), Shin-Etsu Chemical (4063 JT), Nidec (6594 JT), Supermicro (SMCI US), Nvidia (NVDA US), Sanrio (8136 JT), Treasure Factory (3093 JT), Park24 (4666 JT), Cosmos Pharmaceutical (3349 JT), Ryohin Keikaku (7453 JT), Aeon Fantasy (4343 JT), Nissan Motor (7201 JT), Open House (3288 JT), Pressance (3254 JT), Sunwels (9229 JT), Amvis (7071 JT), Inter Action Corp (7725 JT), Nexon (3...

January 14, 2025 January 14, 2025 1 EN

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PSA Today 15 Jan: Mixed day / Dec machine tool orders / PVC restructuring / Robotics stocks rise / Shift Q1, BayCurrent Q3, Sansan Q2 – Nikkei 225 -0.08% | ¥$157.31

PSA Industrial Electronics / Electrical Components & Equipment: Nidec (6594 JT) Earnings Stabilising on A More Balanced Product Portfolio

PSA Today 14 Jan: Lowest market level since 29 Nov / Considering Nexon / TOY India ploy / Yaskawa Q3 / Money Forward FY24 / Curves Q1, Treasure Factory Q3, S-Pool Q4 – Nikkei 225 -1.83% | ¥157.38

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