Pelham Smithers Associates Ltd - PSA Today 17 Feb: Topix down, resources on the up / Anticipating FY23 auto guidance / TDK and automotive / Komatsu / Natbesco / Recruit / Cybozu - Nikkei 225 -0.66%

Report

Pelham Smithers Associates Ltd

Joel Scheiman ...

Julie Boote
Lindsay Whipp
Thao Nguyen
William Nestuk

PSA Today 17 Feb: Topix down, resources on the up / Anticipating FY23 auto guidance / TDK and automotive / Komatsu / Natbesco / Recruit / Cybozu - Nikkei 225 -0.66%

Japan Market Comment by Julie Boote, Joel Scheiman, William Nestuk, Thao Nguyen and Lindsay Whipp
Tags: SMFG (8316 JT), MUFG (8306 JT), Nippon Steel (5401 JT), Mitsubishi Corp (8058 JT), Komatsu (6301 JT), Nippon Yusen (9101 JT), Mitsui OSK (9104 JT), Bridgestone (5108 JT), Mitsubishi Chemical (4188 JT), Novartis (NVS US), Shimano (7309 JT), Recruit (6098 JT), Yamaha Motor (7272 JT), Toyota Motor (7203 JT), Honda (7267 JT), Nissan (7201 JT), TDK (6762 JT), Contemporary Amperex Technology [CATL] (300750 CH), Komatsu (6301 JT), Bridgestone (5108 JT), Nabtesco (6268 JT), Recruit (6098 JT), Cybozu (4776 JT), Freee KK (4478 JT), Rakus (3923 JT), Enechange (4169 JT), ExaWizards (4259 JT)
Main Points
• Topix Down but Resources to the Fore
• Risk of poor FY23 guidance numbers from the auto sector
• TDK anticipates growing automotive sales
• Komatsu renews 8-month high
• Nabtesco facing more competition
• Recruit has lost over 12% since earnings release
• Cybozu breaks out sales by product

17/02/2023 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

Thao Nguyen

William Nestuk

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PSA Today 17 Feb: Topix down, resources on the up / Anticipating FY23 auto guidance / TDK and automotive / Komatsu / Natbesco / Recruit / Cybozu - Nikkei 225 -0.66%

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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