Pelham Smithers Associates Ltd - PSA Today 7 Feb: Dented by macro worries / The platforms tricky woes / NTT 3Q / Kaneka to expand Green Planet prodn / KH Neochems positive spin on FY22 OP / Subaru 3Q / Daifuku rebound / Daikin raises FY21 OP / Grees 2Q results – Nikk

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Pelham Smithers Associates Ltd

Joel Scheiman ...

Julie Boote
Pelham Smithers
Thao Nguyen
William Nestuk

PSA Today 7 Feb: Dented by macro worries / The platforms' tricky woes / NTT 3Q / Kaneka to expand Green Planet prod'n / KH Neochem's positive spin on FY22 OP / Subaru 3Q / Daifuku rebound / Daikin raises FY21 OP / Gree's 2Q results – Nikk

Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk and Thao Nguyen
Tags: Takeda Pharmaceutical (4502 JT), Olympus (7733 JT), Nissan Chemical (4021 JT), Daifuku (6383 JT), Square Enix (9684 JT), Taiyo Yuden (6967 JT), Ibiden (4062 JT), Murata (6981 JT), Shinko Electric (6967 JT), MHI (7011 JT), Subaru (7270 JT), Denso (6902 JT), Sony (6758 JT), Amazon (AMZN US), Netflix (NFLX US), Spotify (SPOT US), Meta Platforms (FB US), AT&T (T US), Apple (AAPL US), Twitter (TWTR US), NTT (9432 JT), KDDI (9433 JT), NTT Data (9613 JT), Kaneka (4118 JT JT), KH Neochem (4189 JT), Daikin (6367 JT), Gree (3632 JT)
Main Points
• Tokyo slides as US jobs data boosts interest rate concerns
• Spotify, Meta, Twitter issues underscore problems with platform approach
• NTT 3Q OP +7% YoY
• Kaneka to expand its biodegradable plastic
• KH Neochem’s positive spin on FY22 guidance, despite lower OP
• Subaru Q3 results hit by production cuts, raw material costs
• Daifuku rebounds over 10%
• Daikin raises FY21 OP guidance by 3% on strong A/C demand
• Gree’s FY22 Q2 sales up 18% YoY

07/02/2022 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

Pelham Smithers

Thao Nguyen

William Nestuk

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PSA Today 7 Feb: Dented by macro worries / The platforms' tricky woes / NTT 3Q / Kaneka to expand Green Planet prod'n / KH Neochem's positive spin on FY22 OP / Subaru 3Q / Daifuku rebound / Daikin raises FY21 OP / Gree's 2Q results – Nikk

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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