Pelham Smithers Associates Ltd - PSA Today 16 Apr: Slide on worries / BoJ and inflation / Global smartphone and PC sales / Koei Tecmo revises down / Nidecs coolant focus / Resonac revises up / Hotlands March – Nikkei 225 -1.94% | ¥$154.45

Report

Pelham Smithers Associates Ltd

Hiroyuki Terada ...

Joel Scheiman
Julie Boote
Nia Dokova
Pelham Smithers

PSA Today 16 Apr: Slide on worries / BoJ and inflation / Global smartphone and PC sales / Koei Tecmo revises down / Nidec's coolant focus / Resonac revises up / Hotland's March – Nikkei 225 -1.94% | ¥$154.45

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, Hiroyuki Terada and Nia Dokova
Tags: Mitsubishi Heavy (7011 JT), Sumitomo Real Estate (8830 JT), J Front Retailing (3086 JT), Hioki EE (6866 JT), Furuno (6814 JT), Toho (9602 JT), Koei Tecmo (3635 JT), Olympus (7733 JT), Nidec (6594 JT), Konica Minolta (4902 JT), Fujifilm Holdings (4901 JT), Sumitomo Chemical (4005 JT), Shift (3697 JT), Sansan (4443 JT), Money Forward (3994 JT), Apple (AAPL US), Vivo, Honor, Huawei, Xiaomi (1810 HK), Shenzhen Transsion Holdings (688036 CH), Nexon (3659 JT), Sony (6758 JT), Fujitsu (6702 JT), Super Micro Computer (SMCI US), Nvidia (NVDA US), Tesla (TSLA US), Resonac (4004 JT), Hotland (3196 JT)
Main Points
• Topix slides 2% on growing US interest rate hike fears, more disappointing retailer earnings
• Bank of Japan to move away from inflation targeting?
• Global smartphone shipments +8% YoY in 2024 Q1, PC shipments +4%
• Koei Tecmo revises down
• Nidec expands liquid cooling system operations
• Resonac revises up beyond consensus
• Hotland’s March SSS performance

16/04/2024 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

Julie Boote

Nia Dokova

Pelham Smithers

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Nia Dokova

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PSA Today Japan Market Comment by Pelham Smithers, Joel Scheiman, William Nestuk and Lindsay Whipp Tags: Mitsubishi Electric (6503 JT), Komatsu (6301 JT), Hitachi (6501 JT), M3 (2413 JT), Oriental Land (4661 JT), NEC Corp (6701 JT), Socionext (6526 JT), Advantest (6857 JT), PeptiDream (4587 JT), Nitto Denko (6988 JT), JSR (4185 JT), Toyota (7203 JT), Nintendo (7974 JT), Kadokawa (9468), Koei Tecmo (3635 JT), Warner Bros. Discovery (WBD US) Sega Sammy (6460 JT), Sony (6758 JT), Sumitomo Chemical (4005 JT), Sumitomo Pharma (4506), Hitachi Construction Machinery (6305 JT), ExaWizards (4259 JT),...

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Hiroyuki Terada ... (+7)

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The PSA Weekly Research Round up for the week to 26 April 2024

Weekly Comment Summary After two weeks of seasonal-related buying at the start of April, foreign investors turned net sellers in the third week. Has foreign investor enthusiasm for Japanese shares come to an end? And is the yen to blame? Pelham Smithers investigates. PSA Company Visits, Tours and Interviews • Visited: CUC (9158 JT) • Conference Call with: Insource (6200 JT) • Presentations at: CUC (9158 JT), Shin-Etsu Chemical (4063 JT), TDK (6762 JT), Asahi Kasei (3407 JT), Nitto Denko (6988 JT), Sekisui Chemical (4204 JT), HCM (6305 JT), Komatsu (6301 JT), Denso (6902 JT), Aisin (7259 JT)...

April 26, 2024 April 26, 2024 1 EN

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PSA Today 16 Apr: Slide on worries / BoJ and inflation / Global smartphone and PC sales / Koei Tecmo revises down / Nidec's coolant focus / Resonac revises up / Hotland's March – Nikkei 225 -1.94% | ¥$154.45

PSA Health Care Equipment: Olympus (7733 JT) - FY24 Test on Clean Up Operations

PSA Today 30 Apr: Shares rise / Underwhelming macro / Video game round-up / Sumitomo Chem strategy flops / Komatsu's rare buyback / ExaWizards and Family Mart / MARI announces Q2 and Holds Meeting - Nikkei 225 +1.24%

The PSA Weekly Research Round up for the week to 26 April 2024

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