Report
Joel Scheiman ...
  • Julie Boote
  • Lindsay Whipp
  • Nia Dokova
  • Pelham Smithers
  • William Nestuk

PSA Today 8 Nov: Mixed day / Results for Sony, Square Enix, Ricoh, UBE, Suzuki Motor, Daifuku, Olympus / Impressive gains in KHI, Furukawa Electric / PKSHA preview – Nikkei 225 +0.30% | ¥$152.68

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk, Lindsay Whipp and Nia Dokova
Tags: Zozo (3092 JT), NRI (4307 JT), Konami (9766 JT), Bandai Namco (7832 JT), Furukawa Electric (5801 JT), Japan Steel Works (5631 JT), Ajinomoto (2802 JT), Murata Mfg (6981 JT), Taiyo Yuden (6976 JT), Rohm (6963 JT), Nissan Motor (7201 JT), UBE Corp (4208 JT), Sunwels (9229 JT), Amvis Holdings (7071 JT), CUC (9158 JT), Sony (6758 JT), Huawei (pvt), Square Enix (9684 JT), Ricoh (7752 JT), Canon (7751 JT), Fujifilm (4901 JT), Kyocera (6971 JT), Suzuki Motor (7269 JT), Maruti Suzuki (MSIL IN), KHI (7012 JT), Boeing (BA US), Fujikura (5803 JT), Daifuku (6383 JT), Olympus (7733 JT), PKSHA (3993 JT)
Main Points
 Mixed day for Japanese shares as FOMC rate cut, earnings replace politics as market focus
 Sony FY24 Q2 OP +73% YoY
 Square Enix FY24 Q2 OP -27% YoY
 Ricoh revises down after only breaking even in FY24 Q2
 UBE Corp shares down on earnings concerns
 Suzuki raises FY24 OP guidance, net sales unchanged
 KHI up 17% over past five sessions
 Fujikura strong but Furukawa shines
 Daifuku raises OP guidance again
 Scandal-ridden Olympus reports FY24 Q2
 PKSHA FY24 Q4 preview
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. 

Analysts
Joel Scheiman

Julie Boote

Lindsay Whipp

Nia Dokova

Pelham Smithers

William Nestuk

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