Pelham Smithers Associates Ltd - PSA Today 7 Feb: Mix of a day / Nintendo, Bandai Namco 3Qs / Mtb Chem slashes guidance / KH Neochem FY below consensus / Suzukis 3Q beat/ Daikin lifts FY22 OP / Mercari Q2 beat – Nikkei 225 -0.03%

Report

Pelham Smithers Associates Ltd

Joel Scheiman ...

Julie Boote
Pelham Smithers
Thao Nguyen

PSA Today 7 Feb: Mix of a day / Nintendo, Bandai Namco 3Qs / Mtb Chem slashes guidance / KH Neochem FY below consensus / Suzuki's 3Q beat/ Daikin lifts FY22 OP / Mercari Q2 beat – Nikkei 225 -0.03%

Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman and Thao Nguyen
Tags: Renesas (6723 JT), M3 (2413 JT), Tokyo Seimitsu (7729 JT), JFE (5411 JT), Orix (8591 JT), Nippon Chemi-Con (6997 JT), Koa (6999 JT), Mitsui Mining & Smelting (5706 JT), Nintendo (7974 JT), Bandai Namco (7832 JT), Mitsubishi Chemical Group (4188 JT), Sumitomo Chemical (4005 JT), KH Neochem (4189 JT), Suzuki Motor (7269 JT), Daikin Industries (6367 JT), Mercari (4385JT), PayPal (PYPL US), Zip (ZIP AU)
Main Points
• Mixed day: Japan reports strong employment data for December
• Nintendo: FY22 Q3 OP -25% YoY
• Bandai Namco: FY22 Q3 OP -20% YoY
• Mitsubishi Chemical slashes FY22 OP guidance
• KH Neochem plans a rebound, but the FY23 OP guidance is below consensus
• Suzuki: FY22 Q3 results beat estimates
• Daikin lifts FY22 OP guidance
• Mercari: FY23 Q2 comes in ahead of consensus estimates

07/02/2023 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

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PSA Today 7 Feb: Mix of a day / Nintendo, Bandai Namco 3Qs / Mtb Chem slashes guidance / KH Neochem FY below consensus / Suzuki's 3Q beat/ Daikin lifts FY22 OP / Mercari Q2 beat – Nikkei 225 -0.03%

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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