PSA Today 31 Oct: Economy spooks market / The economy worsens / LDP, DPP in talks / Quarterly results for Konami, Lasertec, MMC, Denso, Aisin, Nabtesco, NRI, Daiichi Sankyo – Nikkei 225 -0.50% | ¥$152.19

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk, Lindsay Whipp and Nia Dokova
Tags: Hitachi (6501 JT), Renesas (6723 JT), NEC Corp (6701 JT), M3 (2413 JT), Kyocera (6971 JT), CyberAgent (4751 JT), Hino Motors (7205 JT), Mitsubishi Motors (7211 JT), Advantest (6857 JT), Denso (6201 JT), Mitsui OSK (9104 JT), Tokyo Gas (9531 JT), KDDI (9433 JT), Kyocera (6971 JT), Konami (9766 JT), Bandai Namco (7832 JT), Sega Sammy (6460 JT), Lasertec (6920 JT), Toyota Motor (7203 JT), Subaru (7270 JT), Volvo (VOLVB SS), Suzuki Motor (7269 JT), Daihatsu (unlisted), Stellantis (STLA US), Aisin (7259 JT), Nabtesco (6268 JT), Nomura Research Institute (4307 JT), Daiichi Sankyo (4568 JT)
Main Points
 Japan shares slide as BoJ leaves rates unchanged amid poor economic data
 Japan’s economy worsens
 LDP in talks with DPP
 Konami FY24 Q2 OP +35% YoY
 Lasertec FY25 Q1 OP +55% YoY
 Mitsubishi Motors sales and profits fall in FY24 Q2
 Denso’s weak FY24 Q2 offset by big share buyback
 Aisin FY24 Q2 OP -60% YoY
 Nabtesco FY24 Q2 OP -24% YoY
 NRI falls short of consensus estimates for FY24 Q2
 DSK carries FY24 Q1’s strong performance into Q2, revises up