Pelham Smithers Associates Ltd - PSA Today 6 Feb: Lower by day end / Nintendo Q3 / KDDIs Lawson win / Dexerials limit up / TOY Q3 / Q3s for Daikin, MHI / CAT boosts Komatsu / Fanucs struggles / Kyoritsu Maintenance Q3 preview – Nikkei 225 -0.53% | ¥$148.41

Report

Pelham Smithers Associates Ltd

Hiroyuki Terada ...

Joel Scheiman
Julie Boote
Pelham Smithers
William Nestuk

PSA Today 6 Feb: Lower by day end / Nintendo Q3 / KDDI's Lawson win / Dexerials limit up / TOY Q3 / Q3s for Daikin, MHI / CAT boosts Komatsu / Fanuc's struggles / Kyoritsu Maintenance Q3 preview – Nikkei 225 -0.53% | ¥$148.41

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk and Hiroyuki Terada
Tags: ON Semiconductor (ON US), Nvidia (NVDA US), Disco (6146 JT), Advantest (6857 JT), Lasertec (6920 JT), Renesas (6723 JT), Sumitomo Chemical (4005 JT), Sumitomo Electric (5802 JT), Toyota Motor (7203 JT), Daihatsu, Toyota Industries (6201 JT), Mitsubishi Heavy Industries (7011 JT), Omron (6645 JT), Mitsubishi Electric (6503 JT), Astellas (4503 JT), Eisai (4523 JT), Nintendo (7974 JT), KDDI (9433 JT), Lawsons (2651 JT), Mitsubishi Corp (8058 JT), SoftBank Corp (9434 JT), Rakuten (4755 JT), Dexerials Corp (4980 JT), Subaru (7270 JT), Mazda Motor (7261 JT), Ford Motor (F US), Daikin (6367 JT), Komatsu (6301 JT), Caterpillar (CAT US), Fanuc (6954 JT), Kyoritsu Maintenance (9616 JT)
Main Points
• Tokyo shares lower on Wall Street weakness despite HK gains, strong earnings numbers
• Nintendo FY23 Q3 -3% YoY, revises up
• KDDI, Mitsubishi to take Lawsons private for ¥10,360/shr
• Dexerials trades limit up on earnings and shareholder returns
• Toyota beats consensus estimates, raises guidance
• Daikin: FY23 Q3 OP misses on weak heat pumps / US inventories
• MHI: FY23 Q3 strong but no upgrade to OP forecast
• Komatsu boosted by CAT’s Q4; Fanuc hurt by weak automation comments
• Kyoritsu Maintenance FY23 Q3 preview

06/02/2024 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

Hiroyuki Terada

Joel Scheiman

Julie Boote

Pelham Smithers

William Nestuk

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PSA Today 6 Feb: Lower by day end / Nintendo Q3 / KDDI's Lawson win / Dexerials limit up / TOY Q3 / Q3s for Daikin, MHI / CAT boosts Komatsu / Fanuc's struggles / Kyoritsu Maintenance Q3 preview – Nikkei 225 -0.53% | ¥$148.41

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

PSA Today 25 Apr: Most of tariff fall recouped now / Tokyo CPI / Analyst articles on Advantest, Nissan, Hino, Denso, HCM, NRI, NTT Data, Chugai, DSK – Nikkei 225 +1.90% | ¥$143.55

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