Report
Joel Scheiman ...
  • Julie Boote
  • Lindsay Whipp
  • Pelham Smithers

PSA Today 24 July: Topix hits new high / Nintendo's record US sales / Results for Canon (Q2), Shin-Etsu Chem (Q1), prelim info for Nidec (Q1), Chugai (Q2), Obic (Q1), OBC (Q1) – Nikkei 225 +3.51% | ¥$146.68

PSA Today Japan Market Comment by Pelham Smithers, Joel Scheiman, Julie Boote and Lindsay Whipp
Tags: Furukawa Electric (5801 JT), Fujikura (5803 JT), Hitachi (6501 JT), NEC Corp (6701 JT), Toyota Motor (7203 JT), Taiho Kogyo (6470 JT), Nikon (7731 JT), Ricoh (7752 JT), Resona Bank (8308 JT), Bank of Iwate (8345 JT), Japan Steel Works (5631 JT), MHI (7011 JT), Shin-Etsu Polymer (7970 JT), Canon Marketing (8060 JT), Obic Business Consultants (4733 JT), Japan Aviation Electronics (6807 JT), GNI (2160 JT), Beijing Continent (pvt), Genda (9166 JT), Fundely (3137 JT), Takashimaya (8233 JT), Rakuten Group (4755 JT), Nintendo (7974 JT), Sony (6758 JT), Bandai Namco (7832 JT), Marvelous (7844 JT), CD Projekt (CDR PW), Capcom (9697 JT), Warner Bros Discovery (WBD US), Square Enix (9684 JT), Canon (7751 JT), Konica Minolta (4902 JT), Shin-Etsu Chemical (4063 JT), Nidec (6594 JT), Chugai Pharmaceutical (4519 JT), Obic (4684 JT), Money Forward (3994 JT), Freee (4478 JT)
Main Points
 Topix hits new high as market rotates into day trader favourites
 Nintendo sets sales record in US
 Canon reports flat FY25 Q2 OP
 Shin-Etsu Chem’s unexpectedly low FY25 guidance
 ‘Preliminary performance information’ released from Nidec instead of FY25 Q1 financial statements; keeps full-year guidance unchanged
 Chugai Pharm FY25 Q2 OP -14% YoY
 Obic: FY25 Q1 results beat consensus estimates
 Obic Business Consultants: FY25 Q1 results show a solid start to the year
Provider
Pelham Smithers Associates Ltd
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. 

Analysts
Joel Scheiman

Julie Boote

Lindsay Whipp

Pelham Smithers

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