Pelham Smithers Associates Ltd - PSA Today 4 Feb - Market snubs Wall Streets slide to close up / Square Enix, Taiyo Yuden, Ibiden, Jeol 3Qs / Suzuki 3Q / Higher Daifuku numbers /Minebea Mitsumi / Mixi, TIS 3Qs / NTT Data revises up – Nikkei 225 +0.73%

Report

Pelham Smithers Associates Ltd

Joel Scheiman ...

Julie Boote
Lindsay Whipp
Pelham Smithers
Thao Nguyen
William Nestuk

PSA Today 4 Feb - Market snubs Wall Street's slide to close up / Square Enix, Taiyo Yuden, Ibiden, Jeol 3Qs / Suzuki 3Q / Higher Daifuku numbers /Minebea Mitsumi / Mixi, TIS 3Qs / NTT Data revises up – Nikkei 225 +0.73%

Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk, Thao Nguyen and Lindsay Whipp
Tags: Meta Platforms (FB US), Spotify (SPOT US), Sony (6758 JT), Nintendo (7974 JT), Capcom (9697 JT), Nexon (3659 JT), M3 Inc (2413 JT), Panasonic (6752 JT), Chugai Pharmaceutical (4519 JT), Shiseido (4911 JT), Oriental Land (4661 JT), East Japan Railway (9020 JT), ANA Holdings (9202 JT), Nissan Chemical (4021 JT), Iwatani Corp (8088 JT), Zeon Corp (4205 JT), Aurora Microplates, Square Enix (9684 JT), Taiyo Yuden (6976 JT), Murata (6981 JT), Ibiden (4062 JT), Shinko Electric (6967 JT), Intel (INTC US), AMD (AMD US), Jeol (6951 JT), Suzuki (7269 JT), Maruti Suzuki (MSIL IN), Mitsubishi Motors (7211 JT), Daifuku (6383 JT), Minebea Mitsumi (6479 JT) Mixi (2121 JT), TIS Inc (3626 JT), Nomura Research Institute (4307 JT), NTT Data (9613 JT)
Main Points
• Tokyo bucks Wall St slide to close week on positive note
• Square Enix 3Q FY21 OP +124% YoY
• Taiyo Yuden 3Q FY21 OP +58% YoY
• Ibiden 3Q FY21 OP +59% YoY
• Jeol 3Q FY21 OP +6.5x YoY
• Suzuki FY21 Q3 results hit by surging raw material costs
• Daifuku raises FY21 OP guidance likely on retail / e-commerce
• MinebeaMitsumi lifts FY21 OP by ¥2bil thanks to ¥6bil Mitsumi improvement
• Mixi revises up, nearly back to the original targets
• TIS Inc holds back on raising forecasts again
• NTT Data revises up on robust demand

04/02/2022 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

Joel Scheiman

Julie Boote

Lindsay Whipp

Pelham Smithers

Thao Nguyen

William Nestuk

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PSA Today 4 Feb - Market snubs Wall Street's slide to close up / Square Enix, Taiyo Yuden, Ibiden, Jeol 3Qs / Suzuki 3Q / Higher Daifuku numbers /Minebea Mitsumi / Mixi, TIS 3Qs / NTT Data revises up – Nikkei 225 +0.73%

PSA Today 28 Apr: Sentiment uptick / FY24s for Hitachi, NEC / Socionext woes / TDK, Komatsu: weak FY25 guidance / Toyota Industries to be taken private? / JMDC preview / CUC FY25 guidance conservative – Nikkei 225 +0.38% | ¥$143.83

The PSA Research Round-Up for the Two-Week Period Covering 11~25 April 2025

PSA Broadline Retail: Treasure Factory (3093 JT): Inbound Sales Still Solid in Q1

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