Pelham Smithers Associates Ltd - PSA Today 30 Oct: US market and JGB yields depress Tokyo / Upcoming macro / Q2 results for NEC, Panasonic, Anritsu, Alps Alpine, Koei Tecmo, DTS / Sekisui Chem H1 / MMC Q2 / Komatsu and HCM / TIS preview – Nikkei 225 -0.95% | ¥$149.54

Report

Pelham Smithers Associates Ltd

Joel Scheiman ...

Julie Boote
Lindsay Whipp
Pelham Smithers
William Nestuk

PSA Today 30 Oct: US market and JGB yields depress Tokyo / Upcoming macro / Q2 results for NEC, Panasonic, Anritsu, Alps Alpine, Koei Tecmo, DTS / Sekisui Chem H1 / MMC Q2 / Komatsu and HCM / TIS preview – Nikkei 225 -0.95% | ¥$149.54

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk, and Lindsay Whipp
Tags: Intel (INTC US), Rambus (RMBS US), Renesas (6723 JT), Lasertec (6920 JT), Tokyo Electron (8035 JT), Sony (6758 JT), Canon (7751 JT), Omron (6645 JT), Hitachi (6501 JT), Keyence (6861 JT), Shin-Etsu Chemical (4063 JT), Komatsu (6301 JT), Daito Trust (1878 JT), Mitsubishi Motors (7211 JT), Honda (7267 JT), Nissan Motor (7201 JT), Hino Motors (7205 JT), Toyota Motor (7203 JT), Zeon Corp (4205 JT), NEC Corp (6701 JT), Panasonic (6752 JT), Anritsu (6754 JT), Alps Alpine (6770 JT), Koei Tecmo (3635 JT), DTS (9682 JT), Sekisui Chemical (4204 JT), Renault (RNO FP), HCM (6305 JT), Nomura Research Institute (4307 JT), SCSK (9719 JT), Obic Business Consultants (4733 JT), TIS Inc (3626 JT)
Main Points
• Japan shares slide on US market weakness, rising JGB yields
• Upcoming economic data points
• NEC Corp FY23 Q2 OP +24% YoY
• Panasonic FY23 Q2 OP ¥101bil +23% YoY, revises down FY23 OP guidance
• Sekisui Chemical maintains FY23 OP guidance, hikes DPS
• Mitsubishi raises guidance numbers on currency
• Komatsu and HCM sell-off; HCM call with president tomorrow
• TIS Inc: FY23 Q2 preview

30/10/2023 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

Pelham Smithers

William Nestuk

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PSA Today 30 Oct: US market and JGB yields depress Tokyo / Upcoming macro / Q2 results for NEC, Panasonic, Anritsu, Alps Alpine, Koei Tecmo, DTS / Sekisui Chem H1 / MMC Q2 / Komatsu and HCM / TIS preview – Nikkei 225 -0.95% | ¥$149.54

The PSA Research Round-Up for the Two-Week Period Covering 11~25 April 2025

PSA Broadline Retail: Treasure Factory (3093 JT): Inbound Sales Still Solid in Q1

PSA Today 25 Apr: Most of tariff fall recouped now / Tokyo CPI / Analyst articles on Advantest, Nissan, Hino, Denso, HCM, NRI, NTT Data, Chugai, DSK – Nikkei 225 +1.90% | ¥$143.55

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