PSA Today 23 Apr: Waiting for earnings, eco data / Japan's PMI recovers / Shimano's miss / Embracer's group split / Nidec's FY24 / Yaskawa's SPE robots / Omron's acquisition – Nikkei 225 +0.30% | ¥$154.75
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk and Nia DokovaTags: Japan Exchange Group (8697 JT), Disco (6146 JT), Denso (6902 JT), Fast Retailing (9983 JT), Rengo (3941 JT), PeptiDream (4587 JT), Santen (4536 JT), Osaka Gas (9532 JT), Lixil (5938 JT), Obic Co (4684 JT), Shimano (7309 JT), Nidec (6594 JT), Obic Business Consultant (4733 JT), Sony (6758 JT), Paramount Global (PARA US), Embracer (EMBRACB SS), Koei Tecmo (3635 JT), Nidec (6594 JT), Yaskawa Electric (6506 JT), Omron (6645 JT)
Main Points
• Tokyo closes marginally higher as markets await earnings, economic data
• Japan composite PMI at highest since August
• Shimano misses but revises up
• Embracer group split underscores video game industry problems
• Nidec forecasts FY24 earnings boost but misses consensus estimates
• Yaskawa to speed up SPE robot development
• Omron acquires Luscii Healthtec
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.
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