PSA Today 29 Jan: Mixed day / Results for Hitachi, Nec, Canon, Keyence, HCM, Hino, NRI, DTS / Nidec has no financial statements yet but presents reform plan – Nikkei 225 +0.03%

PSA Today Japan Market Comment by Pelham Smithers, Thao Nguyen, Julie Boote, William Nestuk and Lindsay Whipp
Tags: Advantest (6857 JT), Kioxia (285A JT), Sony (6758 JT), Sharp (6753 JT), Toyota Motor (7203 JT), Furukawa Electric (5801 JT), Fujikura (5803 JT), Sumitomo Metal Mining (5713 JT), Dowa Holdings (5714 JT), Mitsubishi Materials (5711 JT), Nittetsu Mining (1515 JT), Inpex (1605 JT), Koa Corp (6999 JT), Canon Marketing (8060 JT), Askul (2678 JT), Kandenko (1942 JT), Kinden (1944 JT), Nidec (6594 JT), Toyota Industries (6201 JT), Elliott Management (pvt), Timee (215A JT), Hitachi (6501 JT), NEC Corp (6701 JT), Konami (9766 JT), Canon (7751 JT), Keyence (6861 JT), Hitachi Construction Machinery (6305 JT), Hino Motors (7205 JT), Nomura Research Institute (4307 JT), DTS Corp. (9682 JT), TIS (3626 JT), ServiceNow (NOW US)
Main Points
 Mixed day as IC / SPE rally falters, export cyclicals see bargain hunting
 Hitachi raises full-year guidance ahead of consensus
 NEC: FY25 Q3 OP -18% YoY, but boosts guidance
 Canon: FY25 Q4 OP up for the first time in three quarters and ahead of expectations
 Keyence: FY25 Q3 OPM falls below 50%
 Nidec presents reform plan, but no financial statements yet
 HCM lifts FY25 OP guidance by 4%
 Hino: FY25 Q3 sales weak but guidance raised on currency
 NRI falls short of consensus estimates for FY25 Q3
 DTS Corp: FY25 Q3 preview