Pelham Smithers Associates Ltd - PSA today 31 July: Higher rates higher market / BoJ on econ / Q1s: Hitachi, Asahi Kasei, Denso, Aisin, TIS, Daiichi Sankyo / Subaru preview / Kyoritsu Mains June KPIs – Nikkei 225 +1.49% | ¥$152.80

Report

Pelham Smithers Associates Ltd

Hiroyuki Terada ...

Joel Scheiman
Julie Boote
Lindsay Whipp
Nia Dokova
Pelham Smithers
William Nestuk

PSA today 31 July: Higher rates higher market / BoJ on econ / Q1s: Hitachi, Asahi Kasei, Denso, Aisin, TIS, Daiichi Sankyo / Subaru preview / Kyoritsu Main's June KPIs – Nikkei 225 +1.49% | ¥$152.80

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk, Lindsay Whipp, Hiroyuki Terada and Nia Dokova
Tags: Nvidia (NVDA US), Amkor (AMKR US), Denso (6902 JT), Mitsui OSK (9104 JT), Daiichi Sankyo (4568 JT), Nippon Yusen (9101 JT), Oriental Land (4661 JT), Murata (6981 JT), Toyota Motor (7203 JT), Hitachi (6501 JT), Fujitsu (6702 JT), NEC Corp (6701 JT), Asahi Kasei (3407 JT), Subaru (7270 JT), Renesas (6723 JT), Infineon (IFX GY), Aisin (7259 JT), BMW (BMW GY), TIS Inc (3626 JT), Kyoritsu Maintenance (9616 JT)
Main Points
• Rising rates send market higher
• BoJ upbeat on Japan’s economy – are they right?
• Hitachi FY24 Q1 OP +51% YoY
• Asahi Kasei hikes FY24 H1 guidance
• Subaru is set to release solid FY24 Q1 results on forex gains
• Denso good recovery in N. America / forward costs
• Aisin excitement over BMW tie-up
• TIS Inc FY24 Q1 sales beat expectations, OP in line
• Daiichi Sankyo reports impressive FY24 1Q results
• Kyoritsu Maintenance reports strong June KPIs

31/07/2024 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

Hiroyuki Terada

Joel Scheiman

Julie Boote

Lindsay Whipp

Nia Dokova

Pelham Smithers

William Nestuk

Other Reports from Pelham Smithers Associates Ltd

Pelham Smithers

Pelham Smithers

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

Nintendo shares bounced +5.6% on 24 April on an oversubscription for its Switch 2 lottery in Japan. Pelham Smithers discusses why this is not just good news for Nintendo, but it is also positive for third-party publishers.

18h / 39m 18h / 39m 1 EN

Julie Boote ... (+6)

Julie Boote
Lindsay Whipp
Nia Dokova
Pelham Smithers
Thao Nguyen
William Nestuk

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 Today Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk, Thao Nguyen, Hiroyuki Terada and Nia Dokova Tags: Yaskawa Electric (6506 JT), Fanuc (6954 JT), TDK (6762 JT), Murata (6981 JT), Apple (AAPL US), Renesas (6723 JT), Fujikura (5803 JT), Appier (4180 JT), NTT Data (9613 JT), OpenAI (pvt), Nintendo (7974 JT), Konami (9766 JT), Bandai Namco (7832 JT), Rakuten (4755 JT), AST SpaceMobile (ASTS US), Sega Sammy (6460 JT), Capcom (9697 JT), Koei Tecmo (3635 JT), Konami (9766 JT), Marvelous (7844 JT), Square Enix (9684 JT), Sony (6758 JT), Nidec (6594 JT), Sumitomo Rubber ...

19h / 6m 19h / 6m 1 EN

Pelham Smithers

Pelham Smithers

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

In the last month, Nintendo has unveiled the Switch 2 and has set the launch date [5 Jun] and the launch price [US$449.99], all the while handling tariff uncertainty. It has done a decent job on all fronts. The console is currently selling at a premium on ebay.co.uk and the games like Mario Kart World have got the thumbs-up from influencers and commentators. However, while we like the third-party element, which should boost the lifetime tie-ratio, we are uncertain over whether there is enough wow factor with the new system for it to take Nintendo to a whole new level. While we see the Switch 2...

April 23, 2025 April 23, 2025 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

PSA today 31 July: Higher rates higher market / BoJ on econ / Q1s: Hitachi, Asahi Kasei, Denso, Aisin, TIS, Daiichi Sankyo / Subaru preview / Kyoritsu Main's June KPIs – Nikkei 225 +1.49% | ¥$152.80

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

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe