- Joel Scheiman
- Julie Boote
- Lindsay Whipp
- Nia Dokova
- Pelham Smithers
- William Nestuk
PSA Today 26 July: Still declining / Tokyo CPI / Video game round-up / Q1s for Tokyo Steel, Screen, Keyence, Shin-Etsu, TOK, Hino, HCM, NRI, M3 / CUC meeting feedback – Nikkei 225 -0.53% | ¥$153.83
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk, Lindsay Whipp, Hiroyuki Terada and Nia DokovaTags: Hino Motors (7205 JT), Fujitsu (6702 JT), Canon (7751 JT), Chugai Pharmaceutical (4519 JT), Renesas (6723 JT), Nissan Motor (7201 JT), Mitsubishi Motors (7211 JT), Toyota Motors (7203 JT), Shinko Electric (6967 JT), Ibiden (4062 JT), Teradyne (TER US), Disco (6146 JT), ASML (ASML NA), Advantest (6857 JT), Tokyo Electron (8035 JT), Lasertec (6920 JT), Hitachi (6501 JT), NEC Corp (6701 JT), Nomura Research Institute (4307 JT), Shift (3697 JT), Dentsu Soken (4812 JT), Money Forward (3994 JT), Nitto Denko (6988 JT), Digital Garage (4819 JT), Kakaku.com (2371 JT), Konami (9766 JT), Nintendo (7974 JT), Bandai Namco (7832 JT), Nexon (3659 JT), Valve (pvt), Krafton (259960 KS), Capcom (9697 JT), Sony (6758 JT), Meta Platform (META US), Sega Sammy (6460 JT), Stakelogic B.V (pvt), Tokyo Steel (5423 JT), Screen Holdings (7735 JT), Keyence (6861 JT), Shin-Etsu Chemical (4063 JT), Tokyo Ohka Kogyo (4186 JT), Hitachi Construction Machinery (6305 JT), Komatsu (6301 JT), M3 (2413 JT), CUC (9158 JT)
Main Points
• Japan shares continue to decline as tech earnings concerns linger
• Tokyo CPI comes in below expectations
• Video games industry round-up
• Tokyo Steel FY24 Q1 OP -21% YoY
• Screen FY24 Q1 OP +107%, raises full-year forecasts
• Keyence FY24 Q1 OP +11% YoY
• Tokyo Ohka Kogyo hikes FY24 guidance
• Shin-Etsu’s guidance looks conservative
• Hino’s FY24 Q1: Struggles continue in Asia, but gradual recovery in Japan
• HCM Q1 OP comes 30% below consensus
• NRI has solid start to FY24
• M3 Inc reports FY24 Q1 OP -6% YoY
• CUC meeting takeaways
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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