Pelham Smithers Associates Ltd - PSA Today 25 Apr: Reversal of yesterdays rise / March department store sales / Fujitsu buy-back / Q4s for Keyence, Monex, Shin-Etsu, NRI, Hino / Komatsu preview – Nikkei -2.16% | ¥$155.64

Report

Pelham Smithers Associates Ltd

Joel Scheiman ...

Julie Boote
Lindsay Whipp
Pelham Smithers
William Nestuk

PSA Today 25 Apr: Reversal of yesterday's rise / March department store sales / Fujitsu buy-back / Q4s for Keyence, Monex, Shin-Etsu, NRI, Hino / Komatsu preview – Nikkei -2.16% | ¥$155.64

PSA Today Japan Market Comment by Pelham Smithers, Joel Scheiman, Julie Boote, William Nestuk and Lindsay Whipp
Tags: Meta Platforms (META US), Canon (7751 JT), Chugai Pharmaceutical (4519 JT), Fanuc (6954 JT), Roche (ROG SW), CyberAgent (4751 JT), CUC (9158 JT), Renesas (6723 JT), Eisai (4523 JT), Biogen (BIIB US), UBE Corp (4208 JT), Keyence (6861 JT), Fujitsu (6702 JT), Hitachi (6501 JT), NEC Corp (6701 JT), Monex Group (8698 JT), NTT (9432 JT), Shin-Etsu Chemical (4063 JT), Mimasu Semiconductor (8155 JT), Hino Motor (7205 JT), Isuzu Motor (7202 JT), Toyota Motor (7203 JT), Komatsu (6301 JT), HCM (6305 JT), Nomura Research Institute (4307 JT), TIS Inc (3626 JT)
Main Points
• Tokyo shares reverse Wednesday’s gains on Meta results, foreign selling
• March department store sales rise +10% YoY
• Keyence FY23 Q4 OP up +4% YoY
• Fujitsu to buy back 8% of Shares
• Monex FY23 Q4 PTP ¥17bil vs ¥1.5bil a year earlier
• Shin-Etsu Q4 shy of consensus but hiking payouts
• Hino reports FY23 Q4 earnings
• Komatsu preview: positive
• NRI’s FY23 Q4 / full year miss market expectations

25/04/2024 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

Joel Scheiman

Julie Boote

Lindsay Whipp

Pelham Smithers

William Nestuk

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PSA Today 25 Apr: Reversal of yesterday's rise / March department store sales / Fujitsu buy-back / Q4s for Keyence, Monex, Shin-Etsu, NRI, Hino / Komatsu preview – Nikkei -2.16% | ¥$155.64

PSA Today 2 May: Mixed, with yen back at 155/$ / Considering Sony and Paramount / Japan's mini vehicles sales and Daihatsu TIS FY23 Q4 preview - Nikkei 225 -0.14%

PSA Today 1 May: Earnings rescue Japan / SQE's write-down move / Toyota FY23 Q4 preview / Genki Nabtesco / Insource April KPIs - Nikkei 225 -0.34%

PSA Health Care Equipment: Olympus (7733 JT) - FY24 Test on Clean Up Operations

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