Pelham Smithers Associates Ltd - PSA Today 22 Apr: Wait-and-see mode / FY24 Q4 preview for big IT firms / Hino up on merger being finalised / Fanuc FY24 Q4 preview / HCM shares outperforming QTD – Nikkei 225 -0.17% | ¥$140.44

Report

Pelham Smithers Associates Ltd

Joel Scheiman ...

Julie Boote
Pelham Smithers
William Nestuk

PSA Today 22 Apr: Wait-and-see mode / FY24 Q4 preview for big IT firms / Hino up on merger being finalised / Fanuc FY24 Q4 preview / HCM shares outperforming QTD – Nikkei 225 -0.17% | ¥$140.44

PSA Today Japan Market Comment by Pelham Smithers, Joel Scheiman, Julie Boote and William Nestuk
Tags: Disco (6146 JT), Renesas (6723 JT), Sumco (3436 JT), Dowa Mining (5714 JT), Mitsui Mining & Smelting (5706 JT), Sumitomo Metal Mining (5713 JT), Chugai Mining (1491 JT), ARE Holdings (5857 JT), Asaka Riken (5724 JT), Modec (6269 JT), Monex (8698 JT), GMO Internet (4784 JT), GMO Internet Group (9449 JT), Nvidia (NVDA US), Huawei (pvt), Amazon (AMZN US), Fujikura (5803 JT), Hitachi (6501 JT), Appier (4180 JT), PKSHA (3993 JT), Rakus (3923 JT), Hino Motors (7205 JT), Daimler Truck (DTG GR), BayCurrent Consulting (6532 JT), Nitori (9843 JT), Chugai Pharmaceutical (4519 JT), Tokuyama Corp (4043 JT), Hitachi (6501 JT), NEC Corp (6701 JT), Fujitsu (6702 JT), Hitachi Energy India (POWERIND IN), Toyota Motor (7203 JT), Fanuc (6954 JT), Yaskawa Electric (6506 JT), Hitachi Construction Machinery (6305 JT), Komatsu (6301 JT), Deere (DE US)
Main Points
 Tokyo goes into wait-and-see mode ahead of trade talks, earnings, CPI
 FY24 Q4 preview for Big 3 IT firms
 Hino surges on reports of merger being finalised
 Fanuc may release strong Q4 OP tomorrow

22/04/2025 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

Joel Scheiman

Julie Boote

Pelham Smithers

William Nestuk

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PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk, Thao Nguyen, Hiroyuki Terada and Nia Dokova Tags: Yaskawa Electric (6506 JT), Fanuc (6954 JT), TDK (6762 JT), Murata (6981 JT), Apple (AAPL US), Renesas (6723 JT), Fujikura (5803 JT), Appier (4180 JT), NTT Data (9613 JT), OpenAI (pvt), Nintendo (7974 JT), Konami (9766 JT), Bandai Namco (7832 JT), Rakuten (4755 JT), AST SpaceMobile (ASTS US), Sega Sammy (6460 JT), Capcom (9697 JT), Koei Tecmo (3635 JT), Konami (9766 JT), Marvelous (7844 JT), Square Enix (9684 JT), Sony (6758 JT), Nidec (6594 JT), Sumitomo Rubber ...

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PSA Media & Entertainment: Nintendo (7974 JT) – a PSA 2025 Q2 Focus List Constituent – Switching Systems

In the last month, Nintendo has unveiled the Switch 2 and has set the launch date [5 Jun] and the launch price [US$449.99], all the while handling tariff uncertainty. It has done a decent job on all fronts. The console is currently selling at a premium on ebay.co.uk and the games like Mario Kart World have got the thumbs-up from influencers and commentators. However, while we like the third-party element, which should boost the lifetime tie-ratio, we are uncertain over whether there is enough wow factor with the new system for it to take Nintendo to a whole new level. While we see the Switch 2...

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PSA Today 22 Apr: Wait-and-see mode / FY24 Q4 preview for big IT firms / Hino up on merger being finalised / Fanuc FY24 Q4 preview / HCM shares outperforming QTD – Nikkei 225 -0.17% | ¥$140.44

PSA Media & Entertainment: Nintendo (7974 JT) Reports 2.2mil Customers in Japanese Lottery for Switch 2

PSA Today 24 April: Tech hardware bid up / April PPI / Nintendo Switch2 demand / Nidec FY24 / Hino / Sumitomo Rubber hikes prices in US / Chugai Q1 beat / Insource revises up – Nikkei 225 +0.49% | ¥$142.71

PSA Media & Entertainment: Nintendo (7974 JT) – a PSA 2025 Q2 Focus List Constituent – Switching Systems

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