Pelham Smithers Associates Ltd - PSA Today 5 Aug: Earnings surging / Hitachi buys Thales rail signalling op / FY21 Q1 results for Nintendo, Taiyo Yuden, Square Enix, Suzuki, TIS, NTT Data / FY21 Q2 results for BASE Inc – Nikkei 225 +0.52%

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Pelham Smithers Associates Ltd

Julie Boote ...

Lindsay Whipp
Pelham Smithers
Thao Nguyen

PSA Today 5 Aug: Earnings surging / Hitachi buys Thales rail signalling op / FY21 Q1 results for Nintendo, Taiyo Yuden, Square Enix, Suzuki, TIS, NTT Data / FY21 Q2 results for BASE Inc – Nikkei 225 +0.52%

Japan Market Comment by Pelham Smithers, Julie Boote, Thao Nguyen and Lindsay Whipp
Tags: Nippon Yusen (9101 JT), Unicharm (8113 JT), Terumo (4543 JT), Sony (6758 JT), Honda (7267 JT), Nippon Steel (5401 JT), Shimano (7309 JT), Daikin (6367 JT), Marubeni (8002 JT), Nissan Motor (7201 JT), Z Holdings (3092 JT), Ricoh (7752 JT), Hitachi (6501 JT), Thales (HO FP), Siemens (SIE GR), Nintendo (7974 JT), Taiyo Yuden (6976 JT), Murata (6981 JT), Square Enix (9684 JT), Suzuki Motor (7269 JT), Maruti Suzuki (MSIL IN), BASE Inc (4477 JT), Mercari (4385 JT), TIS Inc (3626 JT), Nomura Research Institute (4307 JT), NTT Data (9613 JT)
Main Points
• Japan shares higher as corporate earnings continue to surge
• Hitachi buys Thales rail signalling ops
• Nintendo 1Q OP -17% YoY
• Taiyo Yuden 1Q OP +91% YoY
• Square Enix 1Q FY21 OP -29% YoY but still a massive beat
• Suzuki forecasts FY21 profit decline
• BASE Inc’s FY21 Q2 results
• TIS FY21 Q1 earnings cruise past consensus estimates
• NTT Data FY21 Q1 earnings smash through market estimates

05/08/2021 8 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

Julie Boote

Lindsay Whipp

Pelham Smithers

Thao Nguyen

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PSA Today 5 Aug: Earnings surging / Hitachi buys Thales rail signalling op / FY21 Q1 results for Nintendo, Taiyo Yuden, Square Enix, Suzuki, TIS, NTT Data / FY21 Q2 results for BASE Inc – Nikkei 225 +0.52%

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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