Pelham Smithers Associates Ltd - PSA Today 27 Jan: IC, SPE, commodity plays boosts market ahead of results / Q3s for Capcom, Obic, OBC / Another ALT for Furukawa Elec / Suzuki down on EU-India trade deal / Insource meeting feedback – Nikkei 225 +0.85% | ¥$154.58

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Pelham Smithers Associates Ltd

Hiroyuki Terada ...

Joel Scheiman
Julie Boote
Lindsay Whipp
Pelham Smithers
William Nestuk

PSA Today 27 Jan: IC, SPE, commodity plays boosts market ahead of results / Q3s for Capcom, Obic, OBC / Another ALT for Furukawa Elec / Suzuki down on EU-India trade deal / Insource meeting feedback – Nikkei 225 +0.85% | ¥$154.58

PSA Today Japan Market Comment by Pelham Smithers, Joel Scheiman, Julie Boote, Will Nestuk, Lindsay Whipp and Hiroyuki Terada
Tags: Kokusai Electric (6525 JT), Advantest (6857 JT), Resonac (4004 JT), Fanuc (6954 JT), Yaskawa Electric (6506 JT), Dowa Holdings (5714 JT), Sumitomo Metal Mining (5713 JT), Koei Tecmo (3635 JT), Capcom (9697 JT), Konami (9766 JT), Sony (6758 JT), Nintendo (7974 JT), Suzuki Motor (7269 JT), Maruti Suzuki (MSIL IN), Mitsubishi Chemical Group (4188 JT), Asahi Kasei (3407 JT), Mitsui Chemicals (4183 JT), Furukawa Electric (5801 JT), Obic (4684 JT), Nomura Research Institute (4307 JT), Obic Business Consultants (4733 JT), Insource (6200 JT), TKP (3479 JT)
Main Points
 Japan shares rise as IC / SPE names, commodity plays rally ahead of results
 Capcom: FY25 Q3 OP +45% YoY, beats consensus
 Shin-Etsu Chemical: FY25 Q3 slightly below consensus
 Furukawa Electric 5th day record highs
 Suzuki Motor sold off on EU-India trade deal
 Obic beats consensus estimates for FY25 Q3, raises DPS
 OBC produces steady FY25 Q1~Q3 results, raises DPS
 Insource meeting takeaway

27/01/2026 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

Hiroyuki Terada

Joel Scheiman

Julie Boote

Lindsay Whipp

Pelham Smithers

William Nestuk

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PSA Today 27 Jan: IC, SPE, commodity plays boosts market ahead of results / Q3s for Capcom, Obic, OBC / Another ALT for Furukawa Elec / Suzuki down on EU-India trade deal / Insource meeting feedback – Nikkei 225 +0.85% | ¥$154.58

PSA Media & Entertainment: Capcom (9697 JT) FY25 Q3 OP +45% YoY, Beats Consensus

PSA Autos / New Mobility: Honda Motor's (7267 JT) Auto Business in Trouble

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