Pelham Smithers Associates Ltd - PSA Today 28 Oct: BOJ stands pat / Q2 results for Alps Alpine, NEC, Hitachi / Ube slips / Denso, Aisin 2Qs / Considering NRI – Nikkei 225 -0.88%

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Pelham Smithers Associates Ltd

Joel Scheiman ...

Julie Boote
Lindsay Whipp
Pelham Smithers
William Nestuk

PSA Today 28 Oct: BOJ stands pat / Q2 results for Alps Alpine, NEC, Hitachi / Ube slips / Denso, Aisin 2Qs / Considering NRI – Nikkei 225 -0.88%

Japan Market Comment by Pelham Smithers, Joel Scheiman, Julie Boote, William Nestuk and Lindsay Whipp
Tags: Fujitsu (6702 JT), Advantest (6857 JT), Fanuc (6954 JT), Hoya (7741 JT), Z Holdings (4689 JT), M3 (2413 JT), Mercari (4385 JT), Money Forward (3994 JT), GA Technologies (3491 JT), Caterpillar (CAT US), Komatsu (6301 JT), Hitachi Construction Machinery (6305 JT), KH Neochem (4189 JT), Toyota Motor (7203 JT), Hino Motors (7205 JT), Alps Alpine (6770 JT), Mercedes-Benz (MBG GY), Apple (AAPL US), NEC (6701 JT), Hitachi (6501 JT), Renesas (6723 JT), Broadcom (AVGO US), UBE Corp (4208 JT), Mitsubishi Materials (5711 JT), Denso (6902 JT), Aisin (7259 JT), Nomura Research Institute (4307 JT), Obic (4684 JT), Microsoft (MSFT US), NTT Data (9613 JT), Accenture (ACN US)
Main Points
• Tokyo shares close lower as BoJ leaves policy unchanged
• Alps Alpine 2Q FY22 OP +81% YoY
• NEC 2Q FY22 OP +32% YoY
• Hitachi 2Q FY22 OP -14% YoY
• UBE Corp’s unsurprising downward revision
• Denso misses but maintains guidance
• Aisin N. America deteriorates but guidance kept
• NRI raises FY22 sales forecast, but overseas costs are weighing on OP

28/10/2022 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 28 Oct: BOJ stands pat / Q2 results for Alps Alpine, NEC, Hitachi / Ube slips / Denso, Aisin 2Qs / Considering NRI – Nikkei 225 -0.88%

PSA Today 30 Jun: Quarter ends on high note / Industrial production for May / LDP popularity improves / Video games round-up / Oracle Japan FY24 results – Nikkei 225 +0.84% | ¥$143.95

The PSA Research Round-Up for the Week to 27 June 2025

PSA Today 27 Jun: Tech propels Nikkei 225 above 40,000 / June Tokyo CPI / Switch 2 take-up / Nidec's country of origin issues / Genki Fujikura / Komatsu sought – Nikkei 225 +1.43% | ¥$144.34

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