Pelham Smithers Associates Ltd - PSA Today 9 Aug: Woes aplenty / Japans June results falling short / Sony, Fujifilm, Honda Q1s / Daifuku and Daikin shares both lose -11% on Q1s / NTT Data Q1 / IIJ Q1 – Nikkei 225 -0.53% | ¥$143.18

Report

Pelham Smithers Associates Ltd

Joel Scheiman ...

Julie Boote
Lindsay Whipp
Pelham Smithers
Thao Nguyen
William Nestuk

PSA Today 9 Aug: Woes aplenty / Japan's June results falling short / Sony, Fujifilm, Honda Q1s / Daifuku and Daikin shares both lose -11% on Q1s / NTT Data Q1 / IIJ Q1 – Nikkei 225 -0.53% | ¥$143.18

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk, Thao Nguyen and Lindsay Whipp
Tags: Sysmex (6869 JT), Daikin (6367 JT), Nikon (7731 JT), SoftBank Group (9984 JT), Kirin Holdings (2503 JT), Nitori (9843 JT), Kobe Steel (5406 JT), Asics (7936 JT), Tokyo Ohka Kogyo (4186 JT), JSR (4185 JT), Bandai Namco (7832 JT), Kadokawa (9468 JT), Daiichi Sankyo (4568 JT), Eisai (4523 JT), Chugai Pharmaceutical (4519 JT), Biogen (BIIB US), Mazda Motor (7261 JT), Yamaha Motor (7272 JT), Trend Micro (4704 JT), Sony (6758 JT), Apple (AAPL US), Fujifilm Holdings (4901 JT), Daifuku (6383 JT), Samsung Electronics (005930 KS), Cover Corp (5253 JT), NTT Data (9613 JT), TIS Inc (3626 JT), Nomura Research Institute (4307 JT), NS Solutions (2327 JT), IIJ (3774 JT)
Main Points
• Tokyo shares fall on Wall St weakness, domestic earnings, China CPI
• Japan June results season falling short
• Sony’s FY23 Q1 OP -31% YoY
• Fujifilm Q1 results helped by imaging
• Honda produces strong FY23 Q1 results, but leaves guidance unchanged
• Daifuku falls -11% on disappointing Q1
• Daikin also falls -11% on heat pump shock
• Cover off to a strong start
• NTT Data FY23 Q1 OP misses market expectations
• IIJ FY23 Q1 OP and sales miss market expectations

09/08/2023 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 9 Aug: Woes aplenty / Japan's June results falling short / Sony, Fujifilm, Honda Q1s / Daifuku and Daikin shares both lose -11% on Q1s / NTT Data Q1 / IIJ Q1 – Nikkei 225 -0.53% | ¥$143.18

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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