- Julie Boote
- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
- William Nestuk
PSA Today 31 Oct: Wall Street, earnings help / Murata, Panasonic, Koei Tecmo 2Qs / Lasertec Q1 / JSR, Dexerials, Zeon / Komatsu, Nabtesco, Toyota Industries / ZOZO, Mercari / Previewing NTT Data – Nikkei 225 +1.78%
Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk, Thao Nguyen and Lindsay WhippTags: Keyence (6861 JT), Alps Alpine (6770 JT), Murata (6981 JT), Denso (6902 JT), Omron (6645 JT), Anritsu (6754 JT), NEC (6701 JT), Pacific Metals (5541 JT), Sega Sammy (6460 JT), Sankyo (6417 JT), Daiichi Sankyo (4568 JT), Panasonic (6752 JT), Tesla (TSLA US), Koei Tecmo (3635 JT), Electronic Arts (EA US), Square Enix (9684 JT), Capcom (9697 JT), Lasertec (6920 JT), Screen Holdings (7735 JT), JSR (4185 JT), Dexerials (4980 JT), Zeon Corp (4205 JT), Suzuki Motor (7269 JT), Maruti Suzuki (MSIL IN), Komatsu (6301 JT), Hitachi Construction Machinery (6305 JT), Nabtesco (6268 JT), Toyota Industries (6201 JT), Toyota Motor (7203 JT), ZOZO (3092 JT), Istyle (3660 JT), Mercari (4385 JT), NTT Data (9613 JT), Nomura Research Institute (4307 JT), TIS Inc (3626 JT)
Main Points
• Tokyo trades higher on Wall Street rebound, strong earnings
• Murata Mfg 2Q FY22 OP -9% YoY
• Panasonic 2Q FY22 OP -11% YoY
• Koei Tecmo 2Q FY22 OP -1% YoY
• Lasertec 1Q FY23 OP +321% YoY
• JSR’s medium term looks better than its short term
• Dexerials revises up earnings and share buybacks
• Zeon lowers guidance on weak optical film
• Suzuki shares rise on Maruti Suzuki Q2 results
• Komatsu lifts OP guidance by 27%; FY23 outlook surprisingly firm
• Nabtesco cuts OP guidance a second time
• Toyota Industries’ earnings call disappoints
• ZOZO’s FY22 Q2 OP beats while FY22 guidance is kept unchanged
• Mercari’s FY23 Q1 beats
• NTT Data FY22 Q2 preview
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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