Pelham Smithers Associates Ltd - PSA Today 24 July: Sixth day down / Previewing the video games results season / MMC Q1 miss / TIS Q1 preview / CUCs strong Q1 - Nikkei 225 -1.11%

Report

Pelham Smithers Associates Ltd

Hiroyuki Terada ...

Julie Boote
Lindsay Whipp
Nia Dokova
Pelham Smithers

PSA Today 24 July: Sixth day down / Previewing the video games results season / MMC Q1 miss / TIS Q1 preview / CUC's strong Q1 - Nikkei 225 -1.11%

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Lindsay Whipp, Hiroyuki Terada and Nia Dokova
Tags: Alphabet (GOOGL US), Tesla (TSLA US), Koa Corp (6999 JT), Mitsubishi Motors (7211 JT), Nidec (6594 JT), Rohm (6963 JT), Panasonic (6752 JT), Disco (6146 JT), NEC Corp (6701 JT), Chugai Pharmaceutical (4519 JT), Daiichi Sankyo (4568 JT), Astellas Pharma (4503 JT), Obic (4684 JT), Koei Tecmo (3635 JT), Capcom (9766 JT), Gree (3632 JT), Konami (9766 JT), Nintendo (7974 JT), Square Enix (9684 JT), KLab (3656 JT), Sony (6758 JT), Sega Sammy (6440 JT), Colopl (3668 JT), Crypto Blockchain Industries SA (ALCBI FP), Bandai Namco (7832 JT), Nexon (3659 JT), DeNA (2432 JT), Akatsuki (3932 JT), GungHo (3765 JT), Gravity (GRVY US), Mixi (2121 JT), TIS Inc (3626 JT), Nomura Research Institute (4307 JT), CUC (9158 JT)
Main Points
• Disappointing US earnings, strong yen, China worries combine to send the Nikkei 225 down for 6th day in a row
• Video games sector earnings preview
• MMC misses FY24 Q1 estimates, NA situation deteriorating
• TIS FY24 Q1 preview
• CUC reports strong FY24 Q1 but full-year guidance maintained

24/07/2024 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

Julie Boote

Lindsay Whipp

Nia Dokova

Pelham Smithers

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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 24 July: Sixth day down / Previewing the video games results season / MMC Q1 miss / TIS Q1 preview / CUC's strong Q1 - Nikkei 225 -1.11%

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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