Pelham Smithers Associates Ltd - PSA Today May 11 : Nasdaq trips Tokyo up / Capcoms pivotal RE Engine / Results comments on Subaru, Daikin, Toyota Industries, Dexerials, NTT Data – Nikkei -3.08%

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Pelham Smithers Associates Ltd

Joel Scheiman ...

Julie Boote
Lindsay Whipp
Pelham Smithers
William Nestuk

PSA Today May 11 : Nasdaq trips Tokyo up / Capcom's pivotal RE Engine / Results comments on Subaru, Daikin, Toyota Industries, Dexerials, NTT Data – Nikkei -3.08%

Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk and Lindsay Whipp
Nikkei ¥28,608.59 (-¥909.75 / -3.08%); Topix ¥1,905.92 (-¥46.35 / -2.37%); ¥/$108.92
Tags: Tesla (TSLA US), Panasonic (6752 JT), Capcom (9697 JT), Gree (3632 JT), SoftBank Group (9984 JT), Tokyo Seimitsu (7729 JT), Tokyo Electron (8035 JT), Lasertec (6920 JT), Advantest (6857 JT), Moderna (MRNA US), Takeda Pharmaceutical (4502 JT), Chugai Pharmaceutical (4519 JT), Ono Pharmaceutical (4528 JT), Daiichi Sankyo (4568 JT), ZOZO (3092 JT), MonotaRO (3064 JT), Activision (ATVI US), Square Enix (9684 JT), Koei Tecmo (3635 JT), Subaru (7270 JT), Daikin (6367 JT), Toyota Industries (6201 JT), Dexerials (4980 JT), NTT Data (9613 JT)
Main Points
• Nasdaq woes send Tokyo tumbling
• How the RE Engine has changed Capcom’s fortunes
• Subaru forecasts doubling in OP, but undershoots estimates
• Daikin FY21 OP ¥270bil (+13% YoY) no surprise
• Toyota Industries’ positive conference call
• Dexerials announcement impresses
• NTT Data’s FY20 falls short of analyst estimates, but forecasts solid FY21

11/05/2021 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

William Nestuk

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PSA Today May 11 : Nasdaq trips Tokyo up / Capcom's pivotal RE Engine / Results comments on Subaru, Daikin, Toyota Industries, Dexerials, NTT Data – Nikkei -3.08%

PSA Today 28 Apr: Sentiment uptick / FY24s for Hitachi, NEC / Socionext woes / TDK, Komatsu: weak FY25 guidance / Toyota Industries to be taken private? / JMDC preview / CUC FY25 guidance conservative – Nikkei 225 +0.38% | ¥$143.83

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

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