PSA Today 30 July: Reversing early losses / Lower job offers / Q1s for Murata, TDK / June Japan auto maker weakness / MARI's strong Q3 – Nikkei 225 +0.15% | ¥$155.01
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman and Hiroyuki TeradaTags: Fanuc (6954 JT), Komatsu (6301 JT), HCM (6305 JT), Shionogi (4507 JT), Fujitsu General (6755 JT), Capcom (9697 JT), Koei Tecmo (3635 JT), Murata Mfg (6981 JT), TDK (6762 JT), Taiyo Yuden (6976 JT), NEC Corp (6701 JT), Fujitsu (6702 JT), Hitachi (6501 JT), Toyota Motor (7203 JT), Nissan Motor (7201 JT), Honda Motor (7267 JT), Subaru (7270 JT), Mazda Motor (7261 JT), Mitsubishi Motors (7211 JT), Suzuki Motor (7269 JT), Hino Motors (7205 JT), M&A Research Institute (9552 JT)
Main Points
• Tokyo shares reverse early losses as earnings gains, weaker yen offset economic concerns
• Job offers in Japan continue to decline
• Murata Mfg FY24 Q1 OP +33% YoY
• TDK posts strong Q1 but guidance is unchanged
• Weak June auto production numbers in Japan
• M&A Research Institute’s achieves 97.5% of full Year OP guidance by Q3-end, yet makes no change to forecasts
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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