- Joel Scheiman
- Julie Boote
- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
- William Nestuk
The PSA Research Round-Up for the Week to 18 July 2025
Weekly Comment SummaryPelham Smithers outlines what we should expect from this June quarterly results season.
He discusses the main results due out over the coming four-day market week, explaining that by next Friday [25 Jul], we should have a decent steer on both the impact of the yen, and tariffs.
PSA Weekly Contents at a Glance
Reports / Flash Notes Summaries
1. Japan's Autonomous Driving Road Map
2. Shin-Etsu Chemical (4063 JT) – Can the Positives Exceed the Negatives for FY25?
3. Smaregi (4431 JT) – A Revisit
4. Park24 (4666 JT) – No Equity Finance Risk Any More
Company / Sector / Thematic Comments
Technology: Industrial & Consumer Electronics / Components / Semis & SPE / Precision
1. Now DDR5 DRAM Prices are Surging
2. Japan Set to Add 700MW of Data Centre Capacity in 2025
3. Nidec Back in e-Axle Business in China
4. How Good Will NEC’s Q1 Profits Be?
5. Disco FY25 Q1 OP +3% YoY; Implied 1H for a -22% Slump Conservative?
6. Other News & Moves That Caught Our Eye
Autos / New Mobility
7. Nissan Could Build Trucks for Honda in the US
8. Other News & Moves That Caught Our Eye
Auto Parts / Machinery / Capital Goods
9. Cable Makers Up on Trump Initiative
10. Fujikura Hits New High as New Hyperscaler Product Launched
11. Yaskawa America’s Unexciting Presentation
12. Other News & Moves That Caught Our Eye
Internet / eCommerce
13. Demae-can Revises Downward
14. Timee Announces Investment and Partnership with Korea’s Needer Inc.
15. Key Findings from Timee’s Latest Spot Work Market Quarterly Report
16. Other News & Moves That Caught Our Eye
IT Services / ERP Software
17. Sansan FY24 OP Misses Expectations
18. Money Forward FY25 Q2 Sales and Operating Loss Miss Expectations
19. BayCurrent Outperforms Consensus Estimates in FY25 Q1
20. NRI: FY25 Q1 Preview
21. Other News & Moves That Caught Our Eye
Small- / Mid-Cap Insights
22. Curves: FY25 Q3 Slightly Short of Plan
23. TKP FY25 Q1 Ahead of Consensus
24. Park24 FY25 Q2 Below Plan
Miscellaneous / Market / Strategy / Macro
25. Macro Data Underscores Two-Speed Nature of Japan’s Economy
26. Japan’s Exports / CPI for June
27. June CPI -0.1% MoM / +3.3% YoY
28. Polls Still Put LDP on Course to Retain Upper House Majority
29. Other News & Moves That Caught Our Eye
List of Recently Published PSA Notes & Reports
Important Disclosure Statement from Pelham Smithers Associates Limited
PSA in the Press
PSA’s Autos / New Mobility analyst Julie Boote features in the following articles:
Despite tariffs, it's still America first for Asia's legacy automakers | Reuters, 14th July
Japan voters see little hope for tariff reprieve in carmaker Mazda's hometown - The Japan Times, 18th July
PSA Company Visits, Tours and Interviews
Visited: Curves Holdings (7085 JT), TKP (3479 JT), Park24 (4666 JT), S-Pool (2471 JT)
1-1 Call with: Sanrio (8136 JT)
Presentations at: Park 24 (4666 JT)
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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