Pelham Smithers Associates Ltd - PSA Today 31 Jan: Rally / NEC 3Q / SRE 3Q / Lasertec 2Q / Koei Tecmo 3Q / Pharma results / NGK Spark Q3 / HCM fading / ZOZOs 3Q beat – Nikkei 225 +1.07%

Report

Pelham Smithers Associates Ltd

Joel Scheiman ...

Pelham Smithers
Thao Nguyen
William Nestuk

PSA Today 31 Jan: Rally / NEC 3Q / SRE 3Q / Lasertec 2Q / Koei Tecmo 3Q / Pharma results / NGK Spark Q3 / HCM fading / ZOZO's 3Q beat – Nikkei 225 +1.07%

Japan Market Comment by Pelham Smithers, Joel Scheiman, William Nestuk and Thao Nguyen
Tags: Apple (AAPL US), Tokuyama (4043 JT), Mitsui OSK (9104 JT), Zeon Corp (4205 JT), Sekisui Chemical (4204 JT), TDK (6762 JT), Taiyo Yuden (6976 JT), Murata (6981 JT), Alps Alpine (6770 JT), Screen Holdings (7735 JT), Intel (INTC US), KDDI (9433 JT), Recruit (6098 JT), NTT Data (9613 JT), Hakuhodo (2433 JT), TBS (9401 JT), NEC Corp (6701 JT), Anritsu (6754 JT), Sony (6758 JT), SRE Holdings (2980 JT), Lasertec (6920 JT), ASML (ASML NA), KLA Corp (KLAC US), Tokyo Electron (8035 JT), Advantest (6857 JT), Disco (6146 JT), Ulvac (6728 JT), Koei Tecmo (3635 JT), Capcom (9697 JT), Marvelous (7844 JT), Akatsuki (3932 JT), Square Enix (9684 JT), Shionogi (4507 JT), Daiichi Sankyo (4568 JT), Cosette Pharmaceutical, Ono Pharm (4528 JT), NGK Spark Plug (5334 JT), Shinko Electric (6967 JT), Ibiden (4062 JT), Kyocera (6971 JT), Hitachi Construction Machinery (6305 JT), Komatsu (6301 JT) ZOZO (3092 JT)
Main Points
• Tokyo rallies as earnings, Wall St offset industrial production woes
• NEC 3Q FY21 OP -61% YoY
• SRE Holdings 3Q FY21 OP +350% YoY
• Lasertec 2Q FY22 OP +43%
• Koei Tecmo 3Q FY21 OP -2%
• Pharma sector results
• NGK Spark Plug 3Q OP +14% YoY
• HCM momentum fades
• ZOZO’s FY21 Q3 earnings beat

31/01/2022 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

Pelham Smithers

Thao Nguyen

William Nestuk

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PSA Today 31 Jan: Rally / NEC 3Q / SRE 3Q / Lasertec 2Q / Koei Tecmo 3Q / Pharma results / NGK Spark Q3 / HCM fading / ZOZO's 3Q beat – Nikkei 225 +1.07%

PSA Today 28 Apr: Sentiment uptick / FY24s for Hitachi, NEC / Socionext woes / TDK, Komatsu: weak FY25 guidance / Toyota Industries to be taken private? / JMDC preview / CUC FY25 guidance conservative – Nikkei 225 +0.38% | ¥$143.83

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

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