PSA Today 25 Mar: Wall Street spillover / Topix 2024 OPe / Global game consoles / PotK Alterna factor / Struggling Sumi Chem group / Nissan's 'Arc' / Fujikura's rises – Nikkei 225 -1.16% | ¥$151.32
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman and William NestukTags: Fujitsu (6702 JT), Sony (6758 JT), Japan Exchange Group (8697 JT), Keikyu Corp (9006 JT), Seibu Holdings (9024 JT), Toyota Motor (7203 JT), Capcom (9697 JT), SoftBank Group (9984 JT), Microsoft (MSFT US), Nintendo (7974 JT), Gumi (3903 JT), TPC (pvt), CyberAgent (4751 JT), GungHo (3765 JT), Mixi (2121 JT), Square Enix (9684 JT), Bandai Namco (7832 JT), Konami (9766 JT), Koei Tecmo (3635 JT), Sumitomo Chemical (4005 JT) Rabigh Refining & Petrochemical (PETROR AB), Nippon Pigment Co (4119 JT), Sumitomo Pharma (4506 JT), Otsuka Holdings (4578 JT), Nissan Motor (7203 JT), Honda Motor (7267 JT), Fujikura (5803 JT), Furukawa Electric (5801 JT), SWCC Corp (5805 JT), SEI (5802 JT)
Main Points
• Tokyo shares slide on Wall Street weakness, broker downgrades
• Topix consensus OP forecast for 2024 cut, but still suggests decent value
• Global game console sales
• PotK: Alterna highlights crowding out of Japanese mobile game market
• Sumitomo Chemical group companies continue to struggle
• Nissan presents new business plan ‘The Arc’
• Fujikura’s successive listing highs
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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