Pelham Smithers Associates Ltd - PSA Today 27 July: Losses reversed on earnings hopes / Panasonic preview / Q1 results for M3 , Screen, Shin-Etsu Chem, MMC, Fanuc / CyberAgents Q3 / Cybozu preliminary FY22 – Nikkei 225 +0.22%

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Pelham Smithers Associates Ltd

Joel Scheiman ...

Julie Boote
Lindsay Whipp
Pelham Smithers
Thao Nguyen
William Nestuk

PSA Today 27 July: Losses reversed on earnings hopes / Panasonic preview / Q1 results for M3 , Screen, Shin-Etsu Chem, MMC, Fanuc / CyberAgent's Q3 / Cybozu preliminary FY22 – Nikkei 225 +0.22%

Japan Market Comment by Pelham Smithers, Joel Scheiman, Julie Boote, William Nestuk, Thao Nguyen and Lindsay Whipp
Tags: Alphabet (GOOG US), Microsoft (MSFT US), Renesas (6723 JT), NXP Semiconductors (NXPI US), Tokyo Electron (8035 JT), Lasertec (6920 JT), W-Scope (6619 JT), Makita (6586 JT), Canon (7751 JT), Nitto Denko (6988 JT), Shimano (7309 JT), Capcom (9697 JT), Asics (7936 JT), Adidas (ADS GY), WalMart (WMT US), Astellas Pharma (4503 JT), Seagen (SGEN US), Takeda Pharmaceutical (4502 JT), Panasonic (6752 JT), M3 Inc (2413 JT), Nidec (6594 JT), Screen Holdings (7735 JT), Shin-Etsu Chemical (4063 JT), Mitsubishi Motors (7211 JT), Nissan Motor (7201 JT), Fanuc (6954 JT), CyberAgent (4751 JT), Netflix (NFLX US), Cybozu (4776 JT)
Main Points
• Tokyo reverses early losses on earnings hopes
• Is the market right to be nervous about Panasonic’s 1Q?
• M3 Inc 1Q OP ¥18.7bil -24% YoY
• Screen Holdings 1Q OP +105% YoY, raises IH target
• Strong Q1 from Shin-Etsu Chemical
• Mitsubishi Motors raises guidance numbers on currency
• Fanuc raising product prices
• CyberAgent keeps FY22 guidance unchanged
• Cybozu preliminary FY22 Q2 results show company on track for full year

27/07/2022 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 27 July: Losses reversed on earnings hopes / Panasonic preview / Q1 results for M3 , Screen, Shin-Etsu Chem, MMC, Fanuc / CyberAgent's Q3 / Cybozu preliminary FY22 – Nikkei 225 +0.22%

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

PSA Today 25 Apr: Most of tariff fall recouped now / Tokyo CPI / Analyst articles on Advantest, Nissan, Hino, Denso, HCM, NRI, NTT Data, Chugai, DSK – Nikkei 225 +1.90% | ¥$143.55

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