- Julie Boote
- Lindsay Whipp
- Pelham Smithers
- William Nestuk
PSA Today 25 Jan: Little change as JGB yields rise again / Dec dept store sales / Hioki EE's Q4 / Shin-Etsu Polymer cuts FY guidance / Fanuc, HCM Q3 preview / Fujitsu General slashes FY OP / OBC's stellar results vs Obic's – Nikkei 225 +0.0
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Schieman, William Nestuk and Lindsay WhippTags: ASML (ASML NA), Lasertec (6920 JT), Renesas (6723 JT), Hoya (7741 JT), NEC Corp (6701 JT), Disco (6146 JT), Nidec (6594 JT), Obic (4684 JT), Obic Business Consultants (4733 JT), Nexon (3659 JT), Konami (9766 JT), Toho Titanium (5727 JT), Tesla (TSLA US), Panasonic (6752 JT), Hioki EE Corp (6866 JT), Shin-Etsu Polymer (7970 JT), Miraial (4238 JT), Sumco (3436 JT), Shin-Etsu Chemical (4063 JT), Fanuc (6954 JT), HCM (6305 JT), Komatsu (6301 JT), Fujitsu General (6755 JT), Fujitsu (6702 JT), Money Forward (3994 JT)
Main Points
• Tokyo shares little changed as JGB yields rise sharply for a second day.
• Japan Dec department store sales +5.4% YoY
• Hioki EE reports FY 23 Q4 OP -27% YoY, FY24 guidance short of consensus
• Shin-Etsu Polymer cuts full-year FY23 guidance
• Fanuc FY23 Q3 OP expectations very low
• HCM could beat Q3 OP forecasts
• Fujitsu General slashes FY23 OP guidance (again) on weak US / Europe demand
• OBC shares rise on stellar FY23 Q3 results
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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