Pelham Smithers Associates Ltd - PSA Today 2 May: US China talks? / Japan US trade talks Part 2 / MSFT Xbox price raised / US auto scramble / Daikin 5-wk high / DeNA FY24 preview / DTS strong outlook / Genki Nxera – Nikkei 225 +1.04%

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Pelham Smithers Associates Ltd

PSA Today 2 May: US China talks? / Japan US trade talks Part 2 / MSFT Xbox price raised / US auto scramble / Daikin 5-wk high / DeNA FY24 preview / DTS strong outlook / Genki Nxera – Nikkei 225 +1.04%

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk, Thao Nguyen, Lindsay Whipp and Nia Dokova
Tags: Rakuten Bank (5838 JT), SBI Sumishin (7163 JT), DTS (9682 JT), JVCKenwood (6632 JT), Coca-Cola Bottlers Japan (2579 JT), Seiko Epson (6724 JT), Daito Trust (1878 JT), Japan Airlines (9201 JT), Itoham Yonekyu (2296 JT), Marubeni (8002 JT), Itochu (8001 JT), Mitsubishi Corp (8058 JT), Microsoft (MSFT US), Sony (6758 JT), Nintendo (7974 JT), Take Two (TTWO US), Ford Motor (F US), Mazda Motor (7261 JT), Honda Motor (7267 JT), Toyota Motor (7203 JT), Subaru (7270 JT), Daikin Industries (6367 JT), Carrier Global (CARR US), DeNA (2432 JT), The Pokemon Company (pvt), Creatures Inc (pvt), ServiceNow (NOW US), Nomura Research Institute (4307 JT), Nxera Pharma (4565 JT), Viatris (VTRS US), Holling Bio-Pharma Corp (pvt), Neurocrine Biosciences (NBIX US), Tempero Bio (pvt)
Main Points
 US China trade talk hopes spur Japan, HK shares to pre-holiday gains
 Japan US trade talks Part 2 wrapped up
 Microsoft raises Xbox prices
 US auto sales surge ahead of tariffs
 Daikin hits 5-week high on strong Carrier guidance
 DeNA FY24 preview
 DTS produces strong FY24 and FY25 outlook that looks beatable
 Nxera gains continue

02/05/2025 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

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The PSA Research Round-Up for the Week to 2 May 2025

Weekly Comment Summary The Bank of Japan’s decision to leave interest rates unchanged is understandable in light of the tariff situation, but problematic in terms of the inflation situation, says Pelham Smithers PSA Company Visits, Tours and Interviews  Visited: CUC (9158 JT)  1:1 Calls with: M&A Capital Partners (6080 JT), Insource (6200 JT), TKP (3479 JT), Smaregi (4431 JT), Nidec (6594 JT)  Presentations at: M&A Research Institute (9552 JT), CUC (9158 JT), TDK (6762 JT), Tokuyama Corp (4043 JT), Hoya Corp (7741 JT), Sekisui Chemical (4204 JT), ZOZO (3092 JT) PSA in the Press  Pe...

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Lindsay Whipp

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PSA Research & Consulting Services: BayCurrent (6532 JT) Update 2025

BayCurrent (6532 JT) is a pure-play Japanese IT and management consultancy company which is growing sales faster than the broader market, thanks to robust hiring, and a strategy of increasing the number of its core clients. Increasing hiring by around +20% YoY is limiting utilisation growth, but we expect gradual improvement from FY26. Spending on IT is a long-term investment in efficiency and a solution to labour shortages, both of which need addressing in Japan. This places IT Service sector companies like BayCurrent in demand.

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PSA Today 2 May: US China talks? / Japan US trade talks Part 2 / MSFT Xbox price raised / US auto scramble / Daikin 5-wk high / DeNA FY24 preview / DTS strong outlook / Genki Nxera – Nikkei 225 +1.04%

The PSA Research Round-Up for the Week to 2 May 2025

PSA Research & Consulting Services: BayCurrent (6532 JT) Update 2025

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