PSA Today 29 Oct: Financials lead continuing rally / Q2s for NEC, Capcom, Keyence, Hino, Komatsu / NEC Networks / News for Nippon Paint etc / Genki Shionogi / MARI Q4 – Nikkei 225 +0.77% | ¥$153.08

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk, Hiroyuki Terada and Nia Dokova
Tags: Nitto Denko (6988 JT), Zeon (4205 JT), Japan Exchange (8697 JT), Daito Trust (1878 JT), Obic Business Consultants (4733 JT), Obic (4684 JT), NEC Networks (1973 JT), NEC Corp (6701 JT), SRE Holdings (2980 JT), GA Technologies (3491 JT), PKSHA (3993 JT), PeptiDream (4587 JT), Japan Aviation Electronics (6807 JT), Capcom (9697 JT), Bandai Namco (7832 JT), Konami (9766 JT), Keyence (6861 JT), Nippon Paint Holdings (4612 JT), Fujifilm Holdings (4901 JT), Tosoh (4042 JT), Sumitomo Chemical (4005 JT), Hino Motors (7205 JT), Toyota Motor (7203 JT), Komatsu (6301 JT), Sany Heavy (600031 CH), Shionogi (4507 JT), UBE (4208 JT), M&A Research Institute (9552 JT)
Main Points
 Tokyo shares rally on Wall Street strength as financials dominate
 NEC FY24 Q2 OP +11% YoY, buying out minorities of NEC Networks
 Capcom: FY24 Q2 OP -20% YoY on lack of new hit titles
 Keyence FY24 Q2 OP +11% YoY
 Announcements by Nippon Paint and others
 Hino books huge provisions for US obligations in FY24 Q2; OP revised up
 Komatsu: Positive despite only +3% hike for FY24 OP
 Shionogi shares gain on COVID-19 drug news and updated Forecast
 MARI: FY24 Q4 results and FY25 guidance below consensus