- Joel Scheiman
- Julie Boote
- Lindsay Whipp
- Pelham Smithers
- William Nestuk
PSA Today 7 May: Higher but FX concerns remain / Sony upsets gamers, investor / IC backend collaboration / FY23 results for Nintendo, Ricoh, JMDC / Nervousness on automakers' FY24 CE / Fujikura review / Insource Q2 – Nikkei 225 +1.57% | ¥$1
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk, Lindsay Whipp and Hiroyuki TeradaTags: TSMC (2330 TT), Intel (INTC US), Resonac (4004 JT), Daifuku (6383 JT), Rorze (6323 JT), Daiichi Sankyo (4568 JT), Nidec (6594 JT), Sony (6758 JT), Paramount (PARA US), Nintendo (7974 JT), Toyota Industries (6201 JT), Aichi Corp (6345 JT), Arrowhead (pvt), Apollo Management (pvt), Skydance (pvt), Omron Corp (6645 JT), Sharp Corp (6753 JT), Sinfonia Technology (6507 JT), Hirata Corp (6258 JT), Shin-Etsu Polymer (7970 JT), Miraial (4238 JT), Tokyo Ohka Kogyo (4186 JT), Ricoh (7752 JT), Toyota Motor (7203 JT), Hino Motors (7205 JT), Fujikura (5803 JT), JMDC (4483 JT), Insource (6200 JT)
Main Points
• Japan shares bounce on Wall Street gains, stronger yen, but currency concerns remain
• Sony upsets gamers, investors alike
• Nintendo FY23 Q4 OP -31% YoY
• New IC backend collaboration sends shares up
• Ricoh FY23 Q4 OP -36% YoY
• Market nervousness over auto sector’s FY24 outlook
• Fujikura nears ¥3,000 ahead of 13 May earnings release
• JMDC FY23 OP misses expectations due to one-time cost
• Insource: FY24 Q2 results in line with recent revision but full year forecasts continue to look conservative
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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