Report
Pelham Smithers Associates Ltd
Hiroyuki Terada ...
  • Joel Scheiman
  • Julie Boote
  • Lindsay Whipp
  • Pelham Smithers
  • Thao Nguyen
  • William Nestuk

PSA Today 7 Feb: Slide / Spending / Games / Materials / Autos / Machinery / Internet - eCommerce / Software / Healthcare / Services – Nikkei 225 +0.61% | ¥$152.57

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, Will Nestuk, Thao Nguyen, Lindsay Whipp and Hiroyuki Terada
Tags: Tokyo Electron (8035 JT), Toyota Motor (7203 JT), Hoya (7741 JT), Mercari (4385 JT), Subaru (7270 JT), Renesas (6723 JT), Nikon (7731 JT), Konica Minolta (4902 JT), LY Corp (4689 JT), Advantest (6857 JT), Sega Sammy (6460 JT), (Internet Initiative Japan (3774 JT), NEC (6701 JT), Hitachi (6501 JT), Nissan Motor (7201 JT), Mitsubishi Motors (7211 JT), Hon Hai (2317 TT), Renault (RNO FP), Honda Motor (7267 JT), Suzuki Motor (7269 JT), Mazda (7261 JT), Sumco (3436 JT), KH Neochem (4189 JT), Nissan Chemical (4021 JT), Square Enix (9684 JT), Capcom (9697 JT), IHI (7013 JT), KHI (7012 JT), Boeing (BA US), Kakaku (2371 JT), DeNA (2432 JT), NTT Data (9613 JT), Nomura Research Institute (4307 JT), SRE Holdings (2980 JT), Sysmex (6869 JT), Mitsubishi Chemical Group (4188 JT), Nippon Sanso (4091 JT), Sumitomo Pharma (4506 JT), Sumitomo Chemical (4005 JT), Kyoritsu Maintenance (9616 JT), Treasure Factory (3093 JT), Open Up Group (2154 JT)
Main Points
 Japan shares slide as yen strength hits exporters
 Dec Household spending +2.7% YoY in real terms
 Sega Sammy Q3 OP ¥10.9bil -27% YoY; revises up
 Square Enix FY24 Q3 OP -31% YoY
 Sumco FY24 OP halved YoY
 Subaru raises FY24 guidance on weaker Yen
 Mazda FY24 Q3 OP below estimates
 IHI Q3 OP -51% YoY disappoints
 KHI Q3 OP -7% YoY but strong Q4 guidance
 Mercari possible US exit outweighs MAU decline
 Kakaku investors look past unchanged guidance
 DeNA’s FY24 Q3 earnings beat
 NTT Data FY24 Q3 OP miss, but beats on sales
 SRE Holdings Q3 miss but shares soar
 Sysmex FY24 Q3 earnings preview
 Mitsubishi Chemical to divest pharma subsidiary
 Kyoritsu Maintenance Q3 and upward revision
 Treasure Factory Jan SSS +10.6% YoY
 Open Up Group FY25 Q2 better than expected
 Anicom FY24 Q3 above plan
07/02/2025 1 EN
Provider
Pelham Smithers Associates Ltd
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. 

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Analysts
Hiroyuki Terada

Joel Scheiman

Julie Boote

Lindsay Whipp

Pelham Smithers

Thao Nguyen

William Nestuk

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