Pelham Smithers Associates Ltd - PSA Today 30 Oct: Propelled by Nasdaq, nuclear, not earnings / Q2s for Hitachi, Advantest, Sumi Chem, Sumi Pharma, Obic, Astellas / Hino slumps / Considering Fujikura – Nikkei 225 +0.96% | ¥$153.31

Report

Pelham Smithers Associates Ltd

Joel Scheiman ...

Julie Boote
Lindsay Whipp
Nia Dokova
Pelham Smithers
William Nestuk

PSA Today 30 Oct: Propelled by Nasdaq, nuclear, not earnings / Q2s for Hitachi, Advantest, Sumi Chem, Sumi Pharma, Obic, Astellas / Hino slumps / Considering Fujikura – Nikkei 225 +0.96% | ¥$153.31

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk, Lindsay Whipp and Nia Dokova
Tags: Disco (6146 JT), Fujikura (5803 JT), Lasertec (6920 JT), Furukawa Electric (5801 JT), Advantest (6857 JT), Nikon (7731 JT), Hino Motors (7205 JT), Sumitomo Pharma (4506 JT), Keyence (6861 JT), Obic (4684 JT), Capcom (9697 JT), Chugai Pharmaceutical (4519 JT), Tokyo Steel (5423 JT), Fujitec (6406 JT), Hitachi (6501 JT), NEC Corp (6701 JT), Advantest (6857 JT), TSMC (2330 TT), Teradyne (TER US), Sumitomo Chemical (4005 JT), Rabigh Refining & Petrochemical Co. (PETROR AB), Toyota Motor (7203 JT), Daimler Truck (DTG GR), Obic (4684 JT), Astellas (4503 JT)
Main Points
 Japan shares gain on Nasdaq, nuclear power news, but earnings prove a drag
 Hitachi FY24 Q2 OP -2% YoY, raises FY24 AOI target
 Advantest FY24 Q2 OP +200% YoY
 Sumitomo Chemical & Pharma earnings reactions
 Hino shares sold off on uncertainty over US probe
 Fujikura listing high in record volume
 Obic’s FY24 Q2 OP growth reaccelerates but remains below trend
 Astellas misses consensus estimates for FY24 Q2 OP and NP – but beats revenue expectations for quarter

30/10/2024 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

Joel Scheiman

Julie Boote

Lindsay Whipp

Nia Dokova

Pelham Smithers

William Nestuk

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PSA Today 30 Oct: Propelled by Nasdaq, nuclear, not earnings / Q2s for Hitachi, Advantest, Sumi Chem, Sumi Pharma, Obic, Astellas / Hino slumps / Considering Fujikura – Nikkei 225 +0.96% | ¥$153.31

PSA Media & Entertainment: Nintendo (7974 JT) Reports 2.2mil Customers in Japanese Lottery for Switch 2

PSA Today 24 April: Tech hardware bid up / April PPI / Nintendo Switch2 demand / Nidec FY24 / Hino / Sumitomo Rubber hikes prices in US / Chugai Q1 beat / Insource revises up – Nikkei 225 +0.49% | ¥$142.71

PSA Media & Entertainment: Nintendo (7974 JT) – a PSA 2025 Q2 Focus List Constituent – Switching Systems

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