PSA Today 4 Feb: Insane 2-directional market / IT service stocks hit hard / Chemical shares responding well to results / Results for Panasonic, MHI, Daikin, Kakaku, LY Corp / Previews for Nitto Boseki, Subaru / CUC update – Nikkei 225 -0.78

PSA Today Japan Market Comment by Pelham Smithers, William Nestuk, Nicky Karanasou-Demertzi, Joel Scheiman, Julie Boote, Thao Nguyen, Lindsay Whipp and Hiroyuki Terada
Tags: Fanuc (6954 JT), Hirose Electric (6806 JT), NSK (6471 JT), Mitsubishi Electric (6503 JT), Asahi Kasei (3407 JT), MHI (7011 JT), JX Advanced Metals (5016 JT), Mitsui Kinzoku (5706 JT), Sumitomo Metal Mining (5713 JT), Toho Zinc (5707 JT), ARE Holdings (5857 JT), Ibiden (4062 JT), Lasertec (6920 JT), Nintendo (7974 JT), NEC Corp (6701 JT), Recruit (6098 JT), NRI (4307 JT), Konami (9766 JT), CyberAgent (4751 JT), Capcom (9697 JT), Anthropic (pvt), Bengo4.com (6027 JT), Sansan (4443 JT), Money Forward (3994 JT), Freee KK (4478 JT), Obic Business Consultants (4733 JT), SRE Holdings (2980 JT), Shift Inc. (3697 JT), Obic (4684 JT), TIS Inc. (3626 JT), BayCurrent (6532 JT), NRI (4307 JT), IIJ (3774 JT), DTS Corp. (9682 JT), Appier (4180 JT), JMDC (4483 JT), ExaWizards (4259 JT), Sakura Internet (3778 JT), Densan System (4072 JT), Visional (4194 JT), Relx (RELX US), ThomsonReuters (TRI US), PKSHA (3993 JT), DeCurret (pvt), Panasonic (6752 JT), Murata (6981 JT), Sumitomo Chemical (4005 JT), Mitsui Chemicals (4183 JT), Mitsubishi Chemical Group (4188 JT), Tosoh (4042 JT), Asahi Kasei (3407 JT), Nippon Sanso (4091 JT), Teijin (3401 JT), UBE Corp (4028 JT), Nitto Boseki (3110 JT), Amazon (AMZN US), Alphabet (GOOGL US), Nvidia (NVDA US), Nippon Electric Glass (5214 JT), Resonac (4004 JT), Mitsubishi Gas Chemical (4182 JT), Elite Material (2383 TT), Doosan Electro-Materials (pvt), Nan Ya Plastics (1303 TT), Microsoft (MSFT US), Apple (AAPL US), Grace Fabric Technology (603256 CH), Qualcomm (QCOM US), Unitika (3103 JT), Taiwan Glass (1802 TT), Advanced Micro Devices (AMD US), Intel (INTC US), Daikin (6367 JT), Subaru (7270 JT), Toyota Motor (7203 JT), Kakaku.com (2371 JT), LY Corp (4689 JT), ASKUL (2678 JT), CUC (9158 JT)
Main Points
 Japan shares in insane two-directional market as AI splits winners and losers
 IT Service sector stocks sold off indiscriminately following down European and US peers on AI fears
 Panasonic FY27 OP Loss on restructuring charges
 Chemical shares respond positively to earnings
 Might Nitto Boseki deliver a big FY25 Q3 beat?
 MHI guidance very conservative
 Daikin revises down while gaining share
 Subaru: guidance upside on currency, tariffs remain a risk factor
 Kakaku keeps FY25 guidance unchanged
 LY Corp cuts FY25 net sales guidance
 CUC meeting takeaway