Pelham Smithers Associates Ltd - PSA Today 16 Dec: Market negatives crowd in / ACR lawsuit ensnares Sony / Tokyo Seimitsu, Advantest die probe tie-up / Considering J-Tech / NRIs AI long march – Nikkei 225 -1.56% | ¥$154.93

Report

Pelham Smithers Associates Ltd

Lindsay Whipp ...

Pelham Smithers
Thao Nguyen

PSA Today 16 Dec: Market negatives crowd in / ACR lawsuit ensnares Sony / Tokyo Seimitsu, Advantest die probe tie-up / Considering J-Tech / NRI's AI long march – Nikkei 225 -1.56% | ¥$154.93

PSA Today Japan Market Comment by Pelham Smithers, Thao Nguyen and Linsday Whipp
Tags: Yaskawa Electric (6506 JT), Fujikura (5803 JT), Kioxia (285A JT), Panasonic (6752 JT), Renesas (6723 JT), Shin-Etsu Chemical (4063 JT), GA Technologies (3491 JT), Anycolor (5032 JT), Park24 (4666 JT), Sony (6758 JT), LG Electronics (066570 KS), Samsung Electronics (005930 KS), Hisense (921 HK), TCL (1070 HK), Vizio (pvt), SRE Holdings (2980 JT), Tokyo Seimitsu (7729 JT), Advantest (6857 JT), Sumco (3436 JT), Teradyne (TER US), Nomura Research Institute (4307 JT), Microsoft (MFST US), ACES Inc (pvt), PKSHA (3993 JT), Givery Co (pvt), SRE Holdings (2980 JT)
Main Points
 Nikkei 225 closes well below 50,000 as market negatives mount
 ACR rears its head again
 Tokyo Seimitsu in Advantest die probe tie-up
 GA Technologies conservatively keeps FY26 guidance unchanged
 NRI launches AI co-creation model to expand AI services business

16/12/2025 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

Lindsay Whipp

Pelham Smithers

Thao Nguyen

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PSA Today 16 Dec: Market negatives crowd in / ACR lawsuit ensnares Sony / Tokyo Seimitsu, Advantest die probe tie-up / Considering J-Tech / NRI's AI long march – Nikkei 225 -1.56% | ¥$154.93

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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