Pelham Smithers Associates Ltd - PSA Today 27 Jan: Fed rate alarm triggers sharp sell-off despite good earnings / Canons 4Q / Shinkos 3Q / Advantests 3Q / Shin-Etsus strength / Nidecs struggles / Fanucs resilience / NRI revises up FY21 again – Nikkei 225 -3.11%

Report

Pelham Smithers Associates Ltd

Joel Scheiman ...

Julie Boote
Lindsay Whipp
Pelham Smithers
William Nestuk

PSA Today 27 Jan: Fed rate alarm triggers sharp sell-off despite good earnings / Canon's 4Q / Shinko's 3Q / Advantest's 3Q / Shin-Etsu's strength / Nidec's struggles / Fanuc's resilience / NRI revises up FY21 again – Nikkei 225 -3.11%

Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk and Lindsay Whipp
Tags: SoftBank Group (9984 JT), Lasertec (6920 JT), M3 Inc (2413 JT), Recruit (6098 JT), Fanuc (6954 JT), Canon (7751 JT), Capcom (9697 JT), Nidec (6594 JT), Canon Sales (8060 JT), Xerox (XRX US), Sony (6758 JT), Olympus (7733 JT), Nikon (7731 JT), Shinko Electric (6967 JT), Intel (INTC US), Disco (6146 JT), Advantest (6857 JT), Shin-Etsu Chemical (4063 JT), Westlake Chemical (WLK US), Stellantis (STLA US), Yaskawa Electric (6506 JT), Nomura Research Institute (4307 JT)
Main Points
• Japan shares slump as Fed worries reverse early earning-based optimism
• Canon 4Q OP ¥75.4bil -1% YoY
• Shinko Electric 3Q FY21 OP +194% YoY
• Advantest 3Q FY21 OP +120% YoY
• Shin-Etsu revises up and hikes dividend
• Thanks to the EV boom, our washing machines will get more expensive
• Fanuc alone in positive territory today
• NRI revises up for second time in FY21

27/01/2022 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

William Nestuk

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PSA Today 27 Jan: Fed rate alarm triggers sharp sell-off despite good earnings / Canon's 4Q / Shinko's 3Q / Advantest's 3Q / Shin-Etsu's strength / Nidec's struggles / Fanuc's resilience / NRI revises up FY21 again – Nikkei 225 -3.11%

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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