Pelham Smithers Associates Ltd - PSA Today 8 May: Lower on weak earnings / Video Games round-up / Disappointing results from Rohm, Omron, Toyota, MHI / Solid results and rising shareholder returns from TIS / April KPIs for Koshidaka – Nikkei 225 -1.63% | ¥$155.22

Report

Pelham Smithers Associates Ltd

Hiroyuki Terada ...

Joel Scheiman
Julie Boote
Lindsay Whipp
Pelham Smithers
William Nestuk

PSA Today 8 May: Lower on weak earnings / Video Games round-up / Disappointing results from Rohm, Omron, Toyota, MHI / Solid results and rising shareholder returns from TIS / April KPIs for Koshidaka – Nikkei 225 -1.63% | ¥$155.22

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk, Lindsay Whipp and Hiroyuki Terada
Tags: Ricoh (7752 JT), JFE (5411 JT), Nintendo (7974 JT), Mitsubishi Heavy Industries (7011 JT), Sumitomo Corp (8053 JT), Sony (6758 JT), Paramount (PARA US), Nintendo (7974 JT), Two Interactive (TTWO US), JMDC (4483 JT), Yokogawa Electric (6841 JT), AGC (5201 JT), Lintec (7966 JT), KH Neochem (4189 JT), Toray (3402 JT), Microsoft (MSFT US), Nintendo (7974 JT), Electronic Arts (EA US), Capcom (9697 JT), Colopl (3668 JT), DeNA (2432 JT), Gree (3632 JT), Wolfspeed (WOLF US), Coherent (COHR US), Rohm (6963 JT), Omron (6645 JT), Intel (INTC US), Keyence (6861 JT), Toyota Motor (7203 JT), Daihatsu, Hino Motors (7205 JT), Toyota Industries (6201 JT), TIS Inc (3626 JT), Koshidaka (2157 JT)
Main Points
• Tokyo shares slide as earnings disappoint
• Video games industry round-up
• Rohm forecasts -68% fall in FY24 OP
• Omron FY23 Q4 OP -72% YoY but ahead of consensus
• Toyota predicts large drop in FY24 profits
• MHI disappoints on Energy one-offs and soaring R&D
• TIS FY23 Q4 sales outperform, DPS raised and new medium-term plan released
• Koshidaka KPIs running ahead of 2H guidance

08/05/2024 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

Lindsay Whipp

Pelham Smithers

William Nestuk

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PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman and William Nestuk Tags: Sumitomo Mitsui Financial Group (8316 JT), Mitsubishi UFJ Financial Group (8306 JT), Takashimaya (8233 JT), Minebea Mitsumi (6479 JT), Nidec (6594 JT), Ricoh (7752 JT), Konica Minolta (4902 JT), Nikon (7731 JT), Tokyo Electron (8035 JT), Socionext (6526 JT), Renesas (6723 JT), Daifuku (6383 JT), Japan Steel Works (5631 JT), Konami (9766 JT), Yokogawa Bridge (5911 JT), Yokowo (6800 JT), Square Enix (9684 JT), Honda Motor (7267 JT), Take Two Interactive (TTWO US), Sony (6758 JT), Nintendo (797...

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PSA Today 8 May: Lower on weak earnings / Video Games round-up / Disappointing results from Rohm, Omron, Toyota, MHI / Solid results and rising shareholder returns from TIS / April KPIs for Koshidaka – Nikkei 225 -1.63% | ¥$155.22

The PSA Weekly Research Round up for the week to 17 May 2024

PSA Today 17 May: Mixed as bonds slide on rate concerns / Video game industry update / MLCCs fizzing out? / Japan automakers to co-develop software – will it work? / Denyo's MTP – Nikkei 225 -0.34% | ¥$155.72

PSA Autos / New Mobility: Nissan and Honda: A Match Made in Heaven?

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