PSA Today 30 Jan: Fed stands pat, global SPE good news / Q3s for NEC, Toei Animation, Anritsu, NRI / Canon Q4 / Istyle's gains YTD / M&A Cap Q1 / MARI woes – Nikkei 225 +0.25% | ¥$154.42

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, Thao Nguyen, Hiroyuki Terada and Lindsay Whipp
Tags: Fanuc (6954 JT), Hitachi Construction Machinery (6305 JT), Keyence (6861 JT), Renesas (6723 JT), Makita (6586 JT), Appier (4180 JT), Sumitomo Electric (5802 JT), Furukawa Electric (5801 JT), Hitachi (6501 JT), Advantest (6857 JT), ASML (ASML NA), Tokyo Electron (8035 JT), Nvidia (NVDA US), Teradyne (TER US), CyberAgent (4751 JT), Capcom (9697 JT), NEC Corp (6701 JT), CSG Systems (CSGS US), UBE Corp (4208 JT), Shionogi (4507 JT), Sekisui Chemical (4204 JT), NEC Networks (1973 JT), Japan Aviation Electronics (6807 JT), Canon (7751 JT), Canon Marketing (8060 JT), Hangzhou Hikvision Digital (002415 CH), Anritsu (6754 JT), Toei Animation (4816 JT), Bandai Namco (7832 JT), Hino Motors (7205 JT), Toyota Motor (7203 JT), Istyle (3660 JT), M&A Capital Partners (6080 JT), M&A Research Institute (9552 JT), Nomura Research Institute (4307 JT), NTT Data (9613 JT)
Main Points
 Japan shares gain as Fed leaves rates unchanged, global SPE stocks deliver positive earnings news
 NEC Corp FY24 Q3 OP +95% YoY, revises up
 Canon in FY24 Q4 loss on medical business impairment charge
 Anritsu FY24 Q3 OP +28% YoY, no change to full-year forecast
 Toei Animation FY24 Q3 OP flat
 Hino raises full-year FY24 OP guidance by +50%
 Istyle shares rise for 11th consecutive day
 M&A Capital Partners FY25 Q1 results solid; full-year guidance conservative
 M&A Research Institute battles high hurdles and increased vetting
 NRI raises FY24 full-year OP forecast, but revises down sales