- Joel Scheiman
- Julie Boote
- Pelham Smithers
- William Nestuk
PSA Today 9 May: Attention shifts to bonds, China / Wage data / Results for Capcom, Konami, Nikon, MMC, KHI, Sysmex, Amvis / MHI falls again / HCM's US hopes boosts Takeuchi / April KPIs for Treasure Factory, Kakuyasu – Nikkei 225 -0.34% |
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk, and Hiroyuki TeradaTags: Kawasaki Heavy (7012 JT), Mitsubishi Heavy (7011 JT), Yamaha Corp (7951 JT), IHI (7013 JT), Omron (6645 JT), Orix (8591 JT), Yamato Holdings (9064 JT), Taiyo Yuden (6976 JT), Trend Micro (4704 JT), DeNA (2432 JT), Mitsubishi Motors (7211 JT), Toyota Motor (7203 JT), Socionext (6526 JT), Tokyo Electron (8035 JT), SoftBank Group (9984 JT), Lasertec (6920 JT), Fujikura (5803 JT), Nissha (7915 JT), Capcom (9697 JT), Koei Tecmo (3635 JT), Konami (9766 JT), Nikon (7731 JT), ASML (ASML NA), Canon (7751 JT), Sony (6758 JT), Nissan Motor (7201 JT), Honda Motor (7267 JT), HCM (6305 JT), Takeuchi (6432 JT), Sysmex (6869 JT), Olympus (7733 JT), Amvis Holdings (7071 JT), Treasure Factory (3093 JT), Kakuyasu Group (7686 JT)
Main Points
• Tokyo delivers mixed performance as attention shifts to bonds, China
• Wage data provides a little something for everyone
• Capcom: FY23 Q4 OP -46% YoY, FY24 OP below consensus
• Konami: FY23 Q4 OP +138% YoY but underwhelms on FY24 outlook
• Nikon’s FY23 Q4 OP +25% YoY, but disappoints on FY24 forecast
• Mitsubishi Motors’ FY23 Q4 results short of consensus estimates
• KHI comes through as we hoped
• MHI keeps sinking on R&D surprise
• Positive HCM guidance may have helped Takeuchi
• Full-Year FY23 results for Sysmex
• Amvis: Q2 performance better than expected
• Treasure Factory’s April KPIs continue to come in ahead of guidance
• Kakuyasu: Solid KPIs for April given tough comps
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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