Pelham Smithers Associates Ltd - PSA Today 3 Oct: New highs on high beta, AI plays / Macro data / Silent Hill f tops Japan charts / Yaskawas Q2 / Isuzus US plant breaks ground / Money Forwards new service / Koshidakas hotel sale – Nikkie 225 +1.85% | ¥$147.59

Report

Pelham Smithers Associates Ltd

Hiroyuki Terada ...

Julie Boote
Lindsay Whipp
Pelham Smithers
William Nestuk

PSA Today 3 Oct: New highs on high beta, AI plays / Macro data / Silent Hill f tops Japan charts / Yaskawa's Q2 / Isuzu's US plant breaks ground / Money Forward's new service / Koshidaka's hotel sale – Nikkie 225 +1.85% | ¥$147.59

PSA Today Japan Market Comment by Pelham Smithers, William Nestuk, Julie Boote, Lindsay Whipp and Hiroyuki Terada
Tags: Asteria (3853 JT), TEPCO (9501 JT), Renesas (6723 JT), Sumco (3436 JT), Gumi (3903 JT), SBI Holdings (8473 JT), Food & Life Co(3563 JT), Ryohin Keikaku (7453 JT), Convano (6574 JT), Hitachi (6501 JT), Fujitsu (6702 JT), Fujikura (5803 JT), Furukawa Electric (5801 JT), NHK Spring (5991 JT), Kioxia (285A JT), Sharp (6753 JT), Ricoh (7752 JT), Nikon (7731 JT), Daiwabo (3107 JT), Mazda (7261 JT), Nissan (7201 JT), Konami (9766 JT), Koei Tecmo (3635 JT), Sega Sammy (6460 JT), Nintendo (7974 JT), Marvelous (7844 JT), Microsoft (MSFT US), Yaskawa Electric (6506 JT), Daikin (6367 JT), Daifuku (6383 JT), Mitsubishi Electric (6503 JT), Nabtesco (6268 JT), Fanuc (6954), THK (6481 JT), Keyence (6861 JT), Harmonic Drive Systems (6324 JT), SMC (6273 JT), Omron (6645 JT), Isuzu Motor (7202 JT), Money Forward (3994 JT), Marunouchi Capital (pvt)
Main Points
 Nikkei 225 at new high as high beta names join AI plays in the gainers list
 Japan’s multi-speed economy [cont…]
 Konami’s Silent Hill f tops Japan charts
 Yaskawa Q2 firm on Motion Control
 Isuzu starts building US plant
 Money Forward to launch AI invoice download agent, further automating related processes
 Koshidaka subsidiary sells its business hotel

03/10/2025 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

Hiroyuki Terada

Julie Boote

Lindsay Whipp

Pelham Smithers

William Nestuk

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The PSA Research Round-Up for week to 3 October 2025

Weekly Comment Summary Unless something goes badly awry, a new LDP leader will start their job with the Nikkei 225 at an all-time high, begging the question “what next?” Pelham Smithers discusses. PSA Weekly Contents at a Glance Summaries of this Week’s Published Reports 1. Japan Stock Market Strategy for 2025 Q4 2. Recruit Holdings (6098 JT): Recent Sell-off Presents an Opportunity 3. Kioxia (285A JT) – The Technology Behind the Stock's Rally Company / Sector / Thematic Comments Technology: Consumer Electronics, Gaming 1. Revisiting Potential Con...

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PSA Semiconductors: Kioxia (285A JT) - The Technology Behind the Stock's Rally

With the K2 fab up and running, Kioxia / SanDisk now have new capacity coming onstream just when it is needed. Today [2 Oct], Kioxia shares went limit up as the market got excited about the firm developing 100x faster SSDs with Nvidia. It also helps that spot prices are rising. Pelham Smithers discusses the changing technology and highlights where Kioxia is involved and that despite the surge in the shares, the stock’s valuation remains undemanding.

October 2, 2025 October 2, 2025 1 EN

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PSA Today 3 Oct: New highs on high beta, AI plays / Macro data / Silent Hill f tops Japan charts / Yaskawa's Q2 / Isuzu's US plant breaks ground / Money Forward's new service / Koshidaka's hotel sale – Nikkie 225 +1.85% | ¥$147.59

The PSA Research Round-Up for week to 3 October 2025

PSA Semiconductors: Kioxia (285A JT) - The Technology Behind the Stock's Rally

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