- Joel Scheiman
- Lindsay Whipp
- Pelham Smithers
- William Nestuk
PSA Today 31 Jan: Up on earnings / Wage growth, retail sales / Q3s: Advantest, Hitachi, Fujitsu, Shinko Elec, TDK, Capcom, Screen / Chem results / HCM call / Cybozu Dec data / NRI's Q3 / Inbound tourism – Nikkei 225 +0.61% | ¥$147.88
PSA Today Japan Market Comment by Pelham Smithers, Joel Scheiman, William Nestuk, Lindsay Whipp and Hiroyuki TeradaTags: Canon (7751 JT), Komatsu (6301 JT), NEC Corp (6701 JT), Alps Alpine (6770 JT), Socionext (6526 JT) Koito Manufacturing (7276 JT), Anritsu (6754 JT), Daiichi Sankyo (4568 JT), Shionogi (4507 JT), Nomura Holdings (8604 JT), M&A Research Institute (9552 JT), Japan M&A Solutions (9236 JT), Strike (6196 JT), Advantest (6857 JT), Teradyne (TER US), Hitachi Ltd (6501 JT), Fujitsu (6702 JT), Shinko Electric (6967 JT), TDK (6762 JT), Screen Holdings (7735 JT), TSMC (2330 TT), Capcom (9697 JT), Koei Tecmo (3635 JT), Bandai Namco (7832 JT), M3 Inc (2413 JT), Tokuyama Corp (4043 JT), Zeon Corp (4205 JT), Sumitomo Pharma (4506 JT), Sumitomo Chemical (4005 JT), HCM (6305 JT), Komatsu (6301 JT), Deere & Company (DE US), Nomura Research Institute (4307 JT), TIS Inc (3626 JT), Accenture (ACN US), Cybozu (4776 JT), ANA (9202 JT), Kyoritsu Maintenance (9616 JT), Sanrio (8136 JT)
PSA Today Japan Market Comment by Pelham Smithers, Joel Scheiman, William Nestuk, Lindsay Whipp and Hiroyuki Terada
Tags: Canon (7751 JT), Komatsu (6301 JT), NEC Corp (6701 JT), Alps Alpine (6770 JT), Socionext (6526 JT) Koito Manufacturing (7276 JT), Anritsu (6754 JT), Daiichi Sankyo (4568 JT), Shionogi (4507 JT), Nomura Holdings (8604 JT), M&A Research Institute (9552 JT), Japan M&A Solutions (9236 JT), Strike (6196 JT), Advantest (6857 JT), Teradyne (TER US), Hitachi Ltd (6501 JT), Fujitsu (6702 JT), Shinko Electric (6967 JT), TDK (6762 JT), Screen Holdings (7735 JT), TSMC (2330 TT), Capcom (9697 JT), Koei Tecmo (3635 JT), Bandai Namco (7832 JT), M3 Inc (2413 JT), Tokuyama Corp (4043 JT), Zeon Corp (4205 JT), Sumitomo Pharma (4506 JT), Sumitomo Chemical (4005 JT), HCM (6305 JT), Komatsu (6301 JT), Deere & Company (DE US), Nomura Research Institute (4307 JT), TIS Inc (3626 JT), Accenture (ACN US), Cybozu (4776 JT), ANA (9202 JT), Kyoritsu Maintenance (9616 JT), Sanrio (8136 JT)
Main Points
• Tokyo shares rise on earnings despite weakness in USA, HK shares
• Slow wage growth takes its toll on retail sales
• Advantest FY23 Q3 OP -35% YoY, revises up
• Hitachi FY23 Q3 OP +27% YoY, revises up
• Fujitsu FY23 Q3 OP -95% YoY, revises down
• Shinko Electric FY23 Q3 OP -68% YoY
• TDK hikes FY23 OP guidance to consensus levels
• Capcom FY23 Q3 OP +22% YoY
• Screen FY23 Q3 OP +36% YoY, revises up slightly
• Chemical sector results round up
• HCM’s second Q3 conference call boosts HCM, Komatsu shares
• Cybozu produces stronger Dec sales and OP
• NRI boosts FY23 full-year NP on lower tax, raises dividends
• ANA results bode well for inbound tourism plays
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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