Pelham Smithers Associates Ltd - PSA Today 2 June: Tariff fears / FY24 Q4 capex / Video game industry / SoftBank, Intel AI memory JV / Autos, rare earth magnet supply / Defence theme / Insource May KPIs – Nikkei 225 -1.30% | $143.19

Report

Pelham Smithers Associates Ltd

Hiroyuki Terada ...

Joel Scheiman
Julie Boote
Pelham Smithers
William Nestuk

PSA Today 2 June: Tariff fears / FY24 Q4 capex / Video game industry / SoftBank, Intel AI memory JV / Autos, rare earth magnet supply / Defence theme / Insource May KPIs – Nikkei 225 -1.30% | $143.19

PSA Today Japan Market Comment by Pelham Smithers, Joel Scheiman, Julie Boote, William Nestuk and Hiroyuki Terada
Tags: Socionext (6526 JT), Screen Holdings (7735 JT), Advantest (6857 JT), TDK (6762 JT), Minebea Mitsumi (6479 JT), Taiyo Yuden (6976 JT), Murata Mfg (6981 JT), Apple (AAPL US), Sumitomo Pharma (4506 JT), Novo Nordisk (NOVOB DC), Chugai Pharmaceutical (4519 JT), Nxera (4565 JT), JCR Pharmaceutical (4552 JT), Nvidia (NVDA US), Super Micro (SMCI US), Datasection (3905 JT), Fujitsu (6702 JT), Nomura Research (4307 JT), Fujikura (5803 JT), BayCurrent (6532 JT), Sakura Internet (3778 JT), SBI Sumishin Net Bank (7163 JT), Round One (4680 JT), Suzuki Motor (7269 JT), Maruti Suzuki (MSIL IN), Mitsui Chemicals (4183 JT), Asahi Kasei (3407 JT), Mitsubishi Chemical Group (4188 JT), NEC Corp (6701 JT), Level 5 (pvt), Bandai Namco (7832 JT), Nihon Falcom (pvt), Nintendo (7974 JT), Sony (6758 JT), Valve (pvt), People Can Fly (PCF PW), Square Enix (9684 JT), Microsoft (MSFT US), Krafton (259960 KS), Sega Sammy (6460 JT), Shochiku (9601 JT), Serafini Productions (pvt), SoftBank Corp (9434 JT), Intel (INTC US), SoftBank Group (9984 JT), KDDI (9433 JT), Soracom (147A JT), NTT (9432 JT), NTT Data (9613 JT), Volvo Cars (VOLCAR SS), MHI (7011 JT), KHI (7012 JT), IHI (7013 JT), Mitsubishi Electric (6503 JT), Insource (6200 JT), TKP (3479 JT)
Main Points
 Tokyo shares slide as tariff fears revived, yen strengthens
 FY24 Q4 Capex +6% YoY
 Video games industry round-up
 SoftBank and Intel in AI memory chip JV
 Auto sector concerned over supply disruptions
 MHI new listing high on defence theme
 Insource reports May KPIs

02/06/2025 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

Hiroyuki Terada

Joel Scheiman

Julie Boote

Pelham Smithers

William Nestuk

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PSA Today 2 June: Tariff fears / FY24 Q4 capex / Video game industry / SoftBank, Intel AI memory JV / Autos, rare earth magnet supply / Defence theme / Insource May KPIs – Nikkei 225 -1.30% | $143.19

The PSA Research Round-Up for the Week to 6 June 2025

PSA Today 6 June: Trade hopes, better JGBs / How weak is household spend? / Automation under the cosh / Timee's rice problem strategy / Tough hurdles for Intermestic – Nikkei 225 +0.50% | ¥$144.02

PSA Professional Services / HR & Employment: Timee Inc (215A JT) Initiation – Not Shaken by Intensifying Competition

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