Pelham Smithers Associates Ltd - PSA Today 26 Jan: Yoyo down day / Capcom 3Q / Valqua 3Q / Nitto Denko revises up / Nidecs miss / Fanucs better guidance / CyberAgents miss / NTT Data 3Q preview / Cybozu Dec figs – Nikkei 225 -0.44%

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Pelham Smithers Associates Ltd

Joel Scheiman ...

Julie Boote
Lindsay Whipp
Pelham Smithers
Thao Nguyen
William Nestuk

PSA Today 26 Jan: Yoyo down day / Capcom 3Q / Valqua 3Q / Nitto Denko revises up / Nidec's miss / Fanuc's better guidance / CyberAgent's miss / NTT Data 3Q preview / Cybozu Dec figs – Nikkei 225 -0.44%

Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk, Thao Nguyen, and Lindsay Whipp
Tags: Nvidia (NVDA US), SoftBank Group (9984 JT), Disco (6146 JT), Obic (4684 JT), Tokyo Electron (8035 JT), Lasertec (6920 JT), Hoya (7741 JT), Ibiden (4062 JT), Shinko Electric (6967 JT), Nidec (6594 JT), Capcom (9697 JT), Microsoft (MSFT US), Activision (ATVI US), Konami (9766 JT), Valqua (7995 JT), Nitto Denko (6988 JT), Toyota Motor (7203 JT), Fanuc (6954 JT), Yaskawa Electric (6506 JT), CyberAgent (4751 JT), Nexon (3659 JT), Mixi (2121 JT), Gree (3632 JT), GungHo Online Entertainment (3765 JT), DeNA (2432 JT),NTT Data (9613 JT), Nomura Research Institute (4307 JT), TIS Inc (3626 JT), NTT Corp (9432 JT), Cybozu (4776 JT), Salesforce (CRM US), Otsuka Corp (4768 JT)
Main Points
• Tokyo shares lose ground in yoyo day ahead of results
• Capcom 3Q FY21 OP ¥6.2bil (-5% YoY)
• Valqua 3Q FY21 OP ¥1.94bil (+247% YoY)
• Nitto Denko revises up on Optronics and Life Science
• Nidec’s Q3 OP declines on components shortage
• Fanuc ups FY21 OP guidance by 5.1%
• CyberAgent’s FY22 Q1 OP miss
• NTT Data FY21 Q3 preview: potential insight into the impact of Omicron and rising prices on systems integrators
• Cybozu announces December sales and OP

26/01/2022 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

Thao Nguyen

William Nestuk

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PSA Today 26 Jan: Yoyo down day / Capcom 3Q / Valqua 3Q / Nitto Denko revises up / Nidec's miss / Fanuc's better guidance / CyberAgent's miss / NTT Data 3Q preview / Cybozu Dec figs – Nikkei 225 -0.44%

PSA Today 28 Apr: Sentiment uptick / FY24s for Hitachi, NEC / Socionext woes / TDK, Komatsu: weak FY25 guidance / Toyota Industries to be taken private? / JMDC preview / CUC FY25 guidance conservative – Nikkei 225 +0.38% | ¥$143.83

The PSA Research Round-Up for the Two-Week Period Covering 11~25 April 2025

PSA Broadline Retail: Treasure Factory (3093 JT): Inbound Sales Still Solid in Q1

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