Pelham Smithers Associates Ltd - PSA Today 16 July: Mixed as early gains reversed on ASML (lack of) guidance / Nidecs e-Axle business in China / Results from Money Forward (Q2) and BayCurrent (Q1) / Timees new investment partnership – Nikkei 225 -0.04% | ¥$148.70

Report

Pelham Smithers Associates Ltd

Julie Boote ...

Lindsay Whipp
Pelham Smithers
Thao Nguyen

PSA Today 16 July: Mixed as early gains reversed on ASML (lack of) guidance / Nidec's e-Axle business in China / Results from Money Forward (Q2) and BayCurrent (Q1) / Timee's new investment partnership – Nikkei 225 -0.04% | ¥$148.70

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Lindsay Whipp and Thao Nguyen
Tags: ASML (ASML NA), Nvidia (NVDA US), Tokyo Electron (8035 JT), Advantest (6857 JT), Disco (6146 JT), Tokyo Seimitsu (7729 JT), Lasertec (6920 JT), Towa (6315 JT), Tokuyama (4043 JT), Tokyo Ohka Kogyo (4186 JT), Toho Co (9602 JT), Fuji Media (4676 JT), Toei (9605 JT), TBS (9401 JT), Square Enix (9684 JT), Nintendo (7974 JT), CyberAgent (4751 JT), Nidec (6594 JT), Toyota Motor (7203 JT), Guangzhou Automobile Group Company (601238 CH), Nissan Motor (7201 JT), Honda Motor (7267 JT), Money Forward (3994 JT), Nexsol (pvt), Sumitomo Mitsui Card (pvt), BayCurrent (6532 JT), Timee (215A JT), Needer Inc (pvt)
Main Points
 Tokyo shares close mixed as early gains reversed on ASML (lack of) guidance
 Nidec back in e-Axle business in China
 Money Forward FY25 Q2 sales and operating loss miss expectations
 BayCurrent outperforms consensus estimates in FY25 Q1
 Timee announces investment and partnership with Korea’s Needer Inc.

16/07/2025 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

Julie Boote

Lindsay Whipp

Pelham Smithers

Thao Nguyen

Other Reports from Pelham Smithers Associates Ltd

Hiroyuki Terada ... (+7)

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

The PSA Research Round-Up for the Week to 18 July 2025

Weekly Comment Summary Pelham Smithers outlines what we should expect from this June quarterly results season. He discusses the main results due out over the coming four-day market week, explaining that by next Friday [25 Jul], we should have a decent steer on both the impact of the yen, and tariffs. PSA Weekly Contents at a Glance Reports / Flash Notes Summaries 1. Japan's Autonomous Driving Road Map 2. Shin-Etsu Chemical (4063 JT) – Can the Positives Exceed the Negatives for FY25? 3. Smaregi (4431 JT) – A Revisit 4. Park24 (4666 JT) – No Equi...

8h / 26m 8h / 26m 1 EN

Lindsay Whipp ... (+4)

Lindsay Whipp
Pelham Smithers
Thao Nguyen
William Nestuk

PSA Today 18 July: Ahead of election, Disco discomforts tech names / June CPI / Yaskawa America underwhelms / Fujikura new high / Previewing NRI Q1 / Timee work surge – Nikkei 225 -0.21% | ¥$148.77

PSA Today Japan Market Comment by Pelham Smithers, William Nestuk, Lindsay Whipp and Thao Nguyen Tags: TSMC (2330 TT), Disco (6146 JT), Advantest (6857 JT), Monex (8698 JT), SBI Holdings (8473 JT), Ceres (3696 JT), Metaplanet (3350 JT), Gumi (3903 JT), Remixpoint (3825 JT), Tokyo Steel (5423 JT), Seven & I (3382 JT), Yaskawa Electric (6506 JT), Rockwell Automation (ROK US), Fujikura (5803 JT), Nvidia (NVDA US), Nomura Research Institute (4307 JT), Timee (215A JT) Main Points  Japan shares slide on Disco results, as wait-and-see attitude prevails ahead of election  Japan CPI -0.1% MoM, +3...

12h / 2m 12h / 2m 1 EN

Hiroyuki Terada

Hiroyuki Terada

PSA Commercial Services: Park24 (4666 JT) – No Equity Finance Risk Anymore

With attractive valuations, a dividend yield of 4.6% for FY27 and, in analyst Hiroyuki Terada’s opinion, there is no longer the risk of an equity finance, this update on Park24 reviews the recent Q2 performance and the earnings outlook.

12h / 42m 12h / 42m 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

PSA Today 16 July: Mixed as early gains reversed on ASML (lack of) guidance / Nidec's e-Axle business in China / Results from Money Forward (Q2) and BayCurrent (Q1) / Timee's new investment partnership – Nikkei 225 -0.04% | ¥$148.70

The PSA Research Round-Up for the Week to 18 July 2025

PSA Today 18 July: Ahead of election, Disco discomforts tech names / June CPI / Yaskawa America underwhelms / Fujikura new high / Previewing NRI Q1 / Timee work surge – Nikkei 225 -0.21% | ¥$148.77

PSA Commercial Services: Park24 (4666 JT) – No Equity Finance Risk Anymore

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe