- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
- William Nestuk
PSA Today 4 Nov: Lower on Wall Street, N Korea missiles, weak earnings / PSRV2 headset launch / Ricoh 2Q / Daikin and copper price / Looking at Idec / TIS 2Q – Nikkei 225 -1.68%
Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk, Thao Nguyen and Lindsay WhippTags: MHI (7011 JT), Hosoya Pyro-Engineering (4274 JT), Tokyo Keiki (7721 JT), Z Holdings (4689 JT), Alphabet (GOOG US), Meta (META US), Dentsu (4324 JT), KDDI (9433 JT), M3 (2413 JT), Konami (9766 JT), Mitsubishi Motor [(7211 JT), Nissan Motor (7201 JT), Renault (RNO FP), Sony (6758 JT), Ricoh (7752 JT), Xerox (XRX US), Canon (7751 JT), Konica Minolta (4902 JT), Cybozu (4776 JT), Daikin (6367 JT), Komatsu (6301 JT), IDEC (6652 JT), TIS Inc (3626 JT), Nomura Research Institute (4307 JT)
Main Points
• Wall Street weakness, North Korean missiles, weak earnings combine to send Tokyo shares lower
• PSVR2 headset launches in Feb 2023 with US$549 retail price
• Ricoh 2Q FY22 OP +86% YoY
• Daikin edges up as copper breaks $8,000/tonne
• IDEC beats raised guidance, but production overhaul may weight on FY22 OP
• TIS FY22 Q2 beats market estimates, raises full-year forecasts
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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