Pelham Smithers Associates Ltd - PSA Today 2 Aug: Pelosi Taiwan trip plan upsets markets, yen strengthens / Ibiden, Tokyo Seimitsu Q1s / More PS5s / Mtb Chem petrochem plans / Hino woes / Genki Daikin / TIS Q1 preview – Nikkei 225 -1.42%

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Pelham Smithers Associates Ltd

Joel Scheiman ...

Julie Boote
Lindsay Whipp
Pelham Smithers
William Nestuk

PSA Today 2 Aug: Pelosi Taiwan trip plan upsets markets, yen strengthens / Ibiden, Tokyo Seimitsu Q1s / More PS5s / Mtb Chem petrochem plans / Hino woes / Genki Daikin / TIS Q1 preview – Nikkei 225 -1.42%

Japan Market Comment by Pelham Smithers, Joel Scheiman, Julie Boote, William Nestuk and Lindsay Whipp
Tags: TDK (6762 JT), JSR (4185 JT), Advantest (6857 JT), Otsuka Corp (4768 JT), Tosoh Corp (4042 JT), Hino Motors (7205 JT), Ibiden (4062 JT), Advanced Micro Devices (AMD US), Intel (INTC US), Shinko Electric (6967 JT), TSMC (2330 TT), Tokyo Seimitsu (7729 JT), Screen Holdings (7735 JT), Sony (6758 JT), Microsoft (MSFT US), Nintendo (7974 JT), Mitsubishi Chemical Group (4188 JT), Daikin (6367 JT), TIS Inc (3626 JT)
Main Points
 Pelosi’s Taiwan trip spooks markets as yen heads to ¥130/$
 Ibiden’s FY22 1Q OP +15% YoY, full year forecasts unchanged
 Tokyo Seimitsu’s FY22 1Q OP -5% YoY
 Sony starting to accelerate PS5 shipments
 Mitsubishi Chemical may split off petrochemicals
 Hino emission data falsification case broadens
 Daikin very positive: FY22 OP guidance upgrade only on Q1 currency overshoot
 TIS Inc FY22 Q1 earnings preview

02/08/2022 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

William Nestuk

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PSA Today 2 Aug: Pelosi Taiwan trip plan upsets markets, yen strengthens / Ibiden, Tokyo Seimitsu Q1s / More PS5s / Mtb Chem petrochem plans / Hino woes / Genki Daikin / TIS Q1 preview – Nikkei 225 -1.42%

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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