Pelham Smithers Associates Ltd - PSA Today 8 Nov: Japan falls on Lower US treasury yields / Sony Q2 preview / Q2 results for Daikin, KHI, Fujikura, Recruit / Money Forwards CEO buys more shares / Park24, Insource updates – Nikkei 225 -0.33% | ¥$150.70

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Pelham Smithers Associates Ltd

Joel Scheiman ...

Julie Boote
Lindsay Whipp
Pelham Smithers
Thao Nguyen
William Nestuk

PSA Today 8 Nov: Japan falls on Lower US treasury yields / Sony Q2 preview / Q2 results for Daikin, KHI, Fujikura, Recruit / Money Forward's CEO buys more shares / Park24, Insource updates – Nikkei 225 -0.33% | ¥$150.70

PSA Today Japan Market Comment by Pelham Smithers, Joel Scheiman, Julie Boote, William Nestuk, Thao Nguyen and Lindsay Whipp
Tags: Unicharm (8113 JT), Tokai Carbon (5301 JT), Nintendo (7974 JT), Square Enix (9684 JT), Bandai Namco (7832 JT), Kadokawa Corp (9468 JT), Sega Sammy (6460 JT), Toyota Motor (7203 JT), Mazda Motor (7261 JT), Suzuki Motor (7269 JT), Nissan Motor (7201 JT), Honda Motor (7267 JT), LY Corp (4689 JT), BASE Inc (4477 JT), Fujifilm Holdings (4901 JT), Johnson & Johnson (JNJ US), Sony (6758 JT), Daikin Industries (6367 JT), KHI (7012 JT), MHI (7013 JT), Boeing (BA US), Fujikura (5803 JT), BT (BT/A LN), Money Forward (3994 JT), Park24 (4666 JT), Insource (6200 JT)
Main Points –
• Topix, Nikkei 225 slide as lower US treasury yields encourage selling in Japan bank shares
• Analysts shave Sony Q2 OP expectations ahead of results
• Losses in Europe mess up an otherwise strong performance for Sega Sammy
• Daikin shines in the US
• KHI disappoints with Powersports and dividend cut
• Fujikura strong Q2 but weak guidance on carrier demand
• Recruit’s FY23 Q2 OP misses
• Money Forward CEO adds to stake in company
• Feedback from calls with Park24 and Insource

08/11/2023 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

Lindsay Whipp

Pelham Smithers

Thao Nguyen

William Nestuk

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PSA Today 8 Nov: Japan falls on Lower US treasury yields / Sony Q2 preview / Q2 results for Daikin, KHI, Fujikura, Recruit / Money Forward's CEO buys more shares / Park24, Insource updates – Nikkei 225 -0.33% | ¥$150.70

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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