Pelham Smithers Associates Ltd - PSA Today 21 Apr: Gains as BoJ buys JGBs / Peculiar chip story / Waiting for Spider-verse / Discos 4Q / Shin-Etsu shines in peer group / Nidecs Q4, management change / NRI Q4 earnings preview – Nikkei 225 +1.23%

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Pelham Smithers Associates Ltd

Joel Scheiman ...

Julie Boote
Lindsay Whipp
Pelham Smithers

PSA Today 21 Apr: Gains as BoJ buys JGBs / Peculiar chip story / Waiting for Spider-verse / Disco's 4Q / Shin-Etsu shines in peer group / Nidec's Q4, management change / NRI Q4 earnings preview – Nikkei 225 +1.23%

Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman and Lindsay Whipp
Tags: ASML (ASML NA), Lasertec (6920 JT), Tokyo Electron (8035 JT), Lam Research (LRCX US), Nissan Motor (7201 JT), Toyota Motor (7203 JT), Canon (7751 JT), Obic BC (4733 JT), Obic (4684 JT), Nidec (6594 JT), Disco (6146 JT), ASML Holding (ASML NA), Lam Research (LRCX US), ASM International (ASM NA), ASM Pacific (522 HK), Samsung Electronics (005930 JT), SK Hynix (000660 KS), Tokyo Seimitsu (7729 JT), Sony (6758 JT), Mitsubishi Chemical Holdings (4188 JT), Sumitomo Chemical (4005 JT), Tosoh (4042 JT), Mitsui Chemicals (4183 JT), Ube Corp (4208 JT), Shin-Etsu Chemical (4063 JT), Nomura Research Institute (4307 JT)
Main Points
• Tokyo shares make further gains as BoJ buys JGBs
• Don’t throw away your washing machine! The chip shortage takes a peculiar turn
• Sony pushes Across the Spider-verse into 2023
• Disco 4Q OP ¥28.3bil +72% YoY
• Shin-Etsu’s superior prospects in FY22
• Nidec reports weaker than expected Q4 profits; change in management
• NRI FY21 4Q earnings preview

21/04/2022 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

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PSA Today 21 Apr: Gains as BoJ buys JGBs / Peculiar chip story / Waiting for Spider-verse / Disco's 4Q / Shin-Etsu shines in peer group / Nidec's Q4, management change / NRI Q4 earnings preview – Nikkei 225 +1.23%

PSA Today 28 Apr: Sentiment uptick / FY24s for Hitachi, NEC / Socionext woes / TDK, Komatsu: weak FY25 guidance / Toyota Industries to be taken private? / JMDC preview / CUC FY25 guidance conservative – Nikkei 225 +0.38% | ¥$143.83

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

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