Pelham Smithers Associates Ltd - PSA Today 27 July: Rates and Results / Tech: Q1 results for Renesas, Shinko, Fujitsu, Chugai, Q2 results for Canon / Chems: Q1 results for Shin-Etsu, Zeon, Tokuyama / HCMs excellent Q1 – Nikkei 225 +0.68% | ¥$139.85

Report

Pelham Smithers Associates Ltd

Joel Scheiman ...

Julie Boote
Pelham Smithers
William Nestuk

PSA Today 27 July: Rates and Results / Tech: Q1 results for Renesas, Shinko, Fujitsu, Chugai, Q2 results for Canon / Chems: Q1 results for Shin-Etsu, Zeon, Tokuyama / HCM's excellent Q1 – Nikkei 225 +0.68% | ¥$139.85

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman and William Nestuk
Tags: Advantest (6857 JT), SK Hynix (000660 KS), Nvidia (NVDA US), Renesas (6723 JT), Capcom (9697 JT), Bandai Namco (7832 JT), Sega Sammy (6460 JT), Konami (9766 JT), CyberAgent (4751 JT), ), JCR Pharma (4552 JT), Chugai Pharmaceutical (4519 JT), Takeda Pharmaceutical (4502 JT), Sosei (4565 JT), Pfizer (PFE US), Idorsia (IDIA SW), Nissan Motor (7201 JT), Renault (RNO FP), Shinko Electric (6967 JT), Intel (INTC US), Unimicron (3037 TT), Canon (7751 JT), Fujitsu (6702 JT), NEC (6701 JT), Shin-Etsu Chemical (4063 JT), JSR (4185 JT), Sumco (3436 JT), Zeon Corp (4205 JT), Tokuyama (4043 JT), Hitachi Construction Machinery (6305 JT), Deere (DE US)
Main Points
• Interest rates and results dominate the market today
• Renesas FY23 Q2 OP -12% YoY
• Shinko Electric FY23 Q1 OP -86% YoY
• Canon FY23 Q2 OP -6% YoY
• Fujitsu in FY23 Q1 Loss
• Chugai FY23 Q2 OP +13% YoY
• Chemical company results: Shin-Etsu, Zeon, Tokuyama
• HCM’s FY23 Q1 jumps +82% YoY and is 20%+ above consensus

27/07/2023 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

Pelham Smithers

William Nestuk

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PSA Today 27 July: Rates and Results / Tech: Q1 results for Renesas, Shinko, Fujitsu, Chugai, Q2 results for Canon / Chems: Q1 results for Shin-Etsu, Zeon, Tokuyama / HCM's excellent Q1 – Nikkei 225 +0.68% | ¥$139.85

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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