- Julie Boote
- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
- William Nestuk
PSA Today 3 Feb: Results the focus / 3Qs for SQE, M3 / Ube's big down revision / Mtb Chem shutting Medicago / Denso, Aisin, Toyota Industries all cut FY22 OP / ZHD mgt changes to tackle competition / TIS's special gain raises NP – Nikkei 2
Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk, Thao Nguyen and Lindsay WhippTags: Apple (AAPL US), Amazon (AMZN US), Alphabet (GOOG US), Z Holdings (4689 JT), Sony (6758 JT), Panasonic (6752 JT), Murata (6981 JT), TDK (6762 JT), Minebea Mitsumi (6479 JT), Mitsubishi Motors (7211 JT), Nissan Motor (7201 JT), Hino Motors (7205 JT), Square Enix (9684 JT), Koei Tecmo (3635 JT), M3 Inc (2413 JT), MonotaRO (3064 JT), UBE Corp (4208 JT), Mitsubishi Chemical Group (4188 JT), Denso (6902 JT), Toyota Motor (7203 JT), Aisin (7259 JT), Nidec (6594 JT), Toyota Industries (6201 JT), Toyoda Gosei (7282 JT), Honda (7267 JT), Naver (035420 KS), TIS Inc (3626 JT), Nomura Research Institute (4307 JT), Microsoft (MSFT US), Salesforce (CRM US)
Main Points
• Tokyo closes marginally higher as earnings results dominate
• Square Enix FY22 Q3 OP -27% YoY
• M3 Inc FY22 Q3 OP flat
• Ube’s large downward revision
• Mitsubishi Chemical Shutting Medicago
• Denso cuts FY22 OP by 12%
• Aisin cuts FY22 OP by 52% on dire Q3
• Toyota Industries cuts FY22 OP by 6% for very weak implied Q4 OP
• ZHD’s top management changes: strategies to tackle intensifying competition
• TIS Inc raises FY22 NP forecast on special gain
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.
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