Pelham Smithers Associates Ltd - PSA Today 28 July: A YCC tweak / Tokyo July CPI / Hitachi, NEC Q1s / Socionext Q1 / TOKs guidance retreat / Hinos Q1 reverse / NRI Q1 – Nikkei 225 -0.40% | ¥$139.35

Report

Pelham Smithers Associates Ltd

Joel Scheiman ...

Julie Boote
Lindsay Whipp
Pelham Smithers
Thao Nguyen

PSA Today 28 July: A YCC tweak / Tokyo July CPI / Hitachi, NEC Q1s / Socionext Q1 / TOK's guidance retreat / Hino's Q1 reverse / NRI Q1 – Nikkei 225 -0.40% | ¥$139.35

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, Thao Nguyen and Lindsay Whipp
Tags: Hino Motors (7205 JT), Omron (6645 JT), Renesas (6723 JT), Canon (7751 JT), Fujitsu (6702 JT), Lam Research (LRCX US), Tokyo Electron (8035 JT), Intel (INTC US), Ibiden (4062 JT), Shinko Electric (6967 JT), Toyota Motor (7203 JT), KDDI (9433 JT), NTT (9432 JT), CyberAgent (4751 JT), Hitachi (6501 JT), Hitachi Construction Machinery (6305 JT), NEC Corp (6701 JT), Socionext (6526 JT), Arm Holdings, Tokyo Ohka Kogyo (4186 JT), Nissan Motor (7201 JT), Nomura Research Institute (4307 JT), TIS Inc (3626 JT)
Main Points
• Nikkei 225 slides as BoJ tweaks yield curve control
• Tokyo CPI for July +3.2% YoY higher than expected
• Hitachi FY23 Q1 OP +7% YoY as Lumada excels again
• NEC in -¥8bil 1Q loss
• Socionext FY23 Q1 OP +81% YoY
• Hino shares drop on weak Q1 results
• Tokyo Ohka retreats from aggressive guidance
• NRI FY23 Q1 results beat on sales but miss consensus OP estimates

28/07/2023 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

Lindsay Whipp

Pelham Smithers

Thao Nguyen

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PSA Today 28 July: A YCC tweak / Tokyo July CPI / Hitachi, NEC Q1s / Socionext Q1 / TOK's guidance retreat / Hino's Q1 reverse / NRI Q1 – Nikkei 225 -0.40% | ¥$139.35

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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