reports
- Hiroyuki Terada
- Joel Scheiman
- Julie Boote
- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
- William Nestuk
The PSA Research Round-Up for the Week to 1 August 2025
Weekly Comment Summary With 22 “beats” and 18 “misses”, this has been a patchy results season, with the effects made worse by the market caring more about the misses than the beats. One miss in particular stands out – that of Tokyo Electron. Pelham Smithers looks into the reasons behind the short-fall. PSA Weekly Contents at a Glance Company / Sector / Thematic Comments Technology: Consumer Electronics, Gaming 1. Video Games Round-Up 2. Capcom FY25 Q1 OP +91% YoY, Beats...
- Hiroyuki Terada
- Joel Scheiman
- Julie Boote
- Pelham Smithers
- Thao Nguyen
- William Nestuk
PSA Today 1 Aug: Mixed, but a tech hardware slump / Analyst comments o...
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk, Thao Nguyen and Hiroyuki Terada Tags: Hoya (7741 JT), Tokyo Electron (8035 JT), Socionext (6526 JT), Advantest (6857 JT), Capcom (9697 JT), Hitachi (6501 JT), Konami (9766 JT), Fuji Electric (6504 JT), Istyle (3660 JT), Nintendo (7974 JT), CD Projekt (CDR PW), Koei Tecmo (3635 JT), TDK (6762 JT), Casio (6952 JT), Bax Music (pvt), GAK Music Emporium (pvt), Mitsubishi Electric (6503 JT), Fanuc (6954 JT...
- Joel Scheiman
- Julie Boote
- Lindsay Whipp
- Pelham Smithers
- William Nestuk
PSA Today 31 July: Rates stand pat, results perk up / Macro round-up /...
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk and Lindsay Whipp Tags: Kyocera (6971 JT), Astellas (4503 JT), Panasonic (6752 JT), Disco (6146 JT), Screen Holdings (7735 JT), Daiichi Sankyo (4568 JT), JCR Pharmaceuticals (4552 JT), Sanwa Holdings (5929 JT), Yamato Kogyo (5444 JT), Anritsu (6754 JT), Wacom (6727 JT), Capcom (9697 JT), ARE Holdings (5857 JT), Nippon Sanso (4091 JT), Fujikura (5803 JT), Furukawa Electric (5801 JT), SEI (5802 JT), SBI ...
- Hiroyuki Terada
- Joel Scheiman
- Julie Boote
- Pelham Smithers
- Thao Nguyen
- William Nestuk
PSA Today 30 July: BOJ rate decision tomo / Q1s for Capcom, tech names...
PSA Today Japan Market Comment by Pelham Smithers, Joel Scheiman, Julie Boote, William Nestuk, Thao Nguyen and Hiroyuki Terada Tags: Shimano (7309 JT), Keyence (6861 JT), NEC Corp (6701 JT), NRI (4307 JT), Fujitsu (6702 JT), TIS (3626 JT), Hitachi (6501 JT), Advantest (6857 JT), Corning (GLW US), Fujikura (5803 JT), Sumitomo Pharma (4506 JT), Capcom (9697 JT), Nintendo (7974 JT), Tencent (700 HK), Take Two (TTWO US), Anritsu (6754 JT), Panasonic (6752 JT), Fujitsu (6702 JT), Kyocera (6971 JT),...
- Hiroyuki Terada
- Joel Scheiman
- Julie Boote
- Lindsay Whipp
- Pelham Smithers
- William Nestuk
PSA Today 29 July: A slide / Bank of Japan in July / Chugai, A's D and...
PSA Today Japan Market Comment by Pelham Smithers, Joel Scheiman, Julie Boote, William Nestuk, Lindsay Whipp and Hiroyuki Terada Tags: Taiyo Yuden (6976 JT), Yaskawa Electric (6506 JT), Mazda (7261 JT), Shimizu (1803 JT), Taisei (1801 JT), Kajima (1812 JT), Advantest (6857 JT), Lasertec (6920 JT), Tokuyama (4043 JT), Sumco (3436 JT), Nitto Denko (6988 JT), Screen Holdings (7735 JT), Ebara (6361 JT), Furukawa Electric (5801 JT), Fujikura (5803 JT), SBI Holdings (8473 JT), Nomura Research Instit...
- Joel Scheiman
- Julie Boote
- Lindsay Whipp
- Pelham Smithers
PSA Today 28 July: Political jitters, weak earnings / Ishiba / Video g...
PSA Today Japan Market Comment by Pelham Smithers, Joel Scheiman, Julie Boote and Lindsay Whipp Tags: Aozora Bank (8304 JT), Mitsubishi Motors (7211 JT), Sharp (6753 JT), Konica Minolta (4902 JT), Screen (7735 JT), Intel (INTC US), Advantest (6857 JT), Renesas (6723 JT), Fanuc (6954 JT), Yaskawa (6506 JT), Misumi (9962 JT), Mitsui Chemicals (4183 JT), Euglena (2931 JT), Nintendo (7974 JT), Sony (6758 JT), Microsoft (MSFT US), Bandai Namco (7832 JT), Kadokawa (9468 JT), Koei Tecmo (3635 JT), Kio...
- Hiroyuki Terada
- Joel Scheiman
- Julie Boote
- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
- William Nestuk
The PSA Research Round-Up for the Week to 25 July 2025
Weekly Comment Summary Burdened by higher costs, video game publishers are looking to raise prices, but they are facing pushback, and may have to rethink. Pelham Smithers explains why. PSA Weekly Contents at a Glance Reports / Flash Notes Summaries 1. Insource (6200 JT) – Short-Term Burden But Longer-Term Growth Drivers in Place Add title 2. Koshidaka (2157 JT) – Aggressive Cost Control & Acceleration of New Store Openings Company / Sector / Thematic Comments Technol...
- Joel Scheiman
- Julie Boote
- Lindsay Whipp
- Pelham Smithers
PSA Today 25 July: Lower on earnings, macro concerns / Tokyo CPI data ...
PSA Today Japan Market Comment by Pelham Smithers, Joel Scheiman, Julie Boote and Lindsay Whipp Tags: Mazda (7261 JT), Yaskawa Electric (6506 JT), JFE (5411 JT), Disco (6146 JT), BayCurrent (6532 JT), Advantest (6857 JT), IHI (7013 JT), Shin-Etsu Chemical (4063 JT), Mitsubishi Motors (7211 JT), Renesas (6723 JT), Canon (7751 JT), Wolfspeed (WOLF US), Nidec (6594 JT), Chugai Pharm (4519 JT), Nintendo (7974 JT), Capcom (9697 JT), Nexon (3659 JT), Bandai Namco (7832 JT), Sony (6758 JT), Pacific In...
- Joel Scheiman
- Julie Boote
- Lindsay Whipp
- Pelham Smithers
PSA Today 24 July: Topix hits new high / Nintendo's record US sales / ...
PSA Today Japan Market Comment by Pelham Smithers, Joel Scheiman, Julie Boote and Lindsay Whipp Tags: Furukawa Electric (5801 JT), Fujikura (5803 JT), Hitachi (6501 JT), NEC Corp (6701 JT), Toyota Motor (7203 JT), Taiho Kogyo (6470 JT), Nikon (7731 JT), Ricoh (7752 JT), Resona Bank (8308 JT), Bank of Iwate (8345 JT), Japan Steel Works (5631 JT), MHI (7011 JT), Shin-Etsu Polymer (7970 JT), Canon Marketing (8060 JT), Obic Business Consultants (4733 JT), Japan Aviation Electronics (6807 JT), GNI (...
- Joel Scheiman
- Julie Boote
- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
PSA Today 23 July: Japan soars on US trade deal / Takaichi vs Koizumi ...
PSA Today Japan Market Comment by Pelham Smithers, Joel Scheiman, Julie Boote, Lindsay Whipp and Thao Nguyen Tags: Mazda Motor (7261 JT), Subaru (7270 JT), Fanuc (6954 JT), Yaskawa Electric (6506 JT), Kubota (6326 JT), TDK (6762 JT), Minebea Mitsumi (6479 JT), Rakuten Bank (5838 JT), Resona Bank (8308 JT), Furukawa Electric (5801 JT), Fujikura (5803 JT), Japan Steel Works (5631 JT), Toho (9602 JT), Bandai Namco (7832 JT), Net Protections (7383 JT), Recruit Holdings (6098 JT), Anycolor (5032 JT...
- Hiroyuki Terada
- Pelham Smithers
- William Nestuk
PSA Today 22 July: Mixed day / What next for Japanese government? / Vi...
PSA Today Japan Market Comment by Pelham Smithers, William Nestuk and Hiroyuki Terada Tags: MHI (7011 JT), Japan Steel Works (5631 JT), IHI (7013 JT), Tokyo Electric Power (9501 JT), Kansai Electric Power (9503 JT), Nippon Steel (5401 JT), JFE (5411 JT), Komatsu (6301 JT), Sumitomo Pharma (4506 JT), Chugai Pharm (4519 JT), Daiichi Sankyo (4568 JT), Taiyo Yuden (6976 JT), Alps Alpine (6770 JT), Ebara (6361 JT), Lasertec (6920 JT), Renesas (6723 JT), Fujikura (5803 JT), Arm Holdings (ARM US), Sof...
- Hiroyuki Terada
- 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 Summary Pelham 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 Neg...
- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
- William Nestuk
PSA Today 18 July: Ahead of election, Disco discomforts tech names / J...
PSA Today Japan Market Comment by Pelham Smithers, William Nestuk, Lindsay Whipp and Thao Nguyen Tags: TSMC (2330 TT), Disco (6146 JT), Advantest (6857 JT), Monex (8698 JT), SBI Holdings (8473 JT), Ceres (3696 JT), Metaplanet (3350 JT), Gumi (3903 JT), Remixpoint (3825 JT), Tokyo Steel (5423 JT), Seven & I (3382 JT), Yaskawa Electric (6506 JT), Rockwell Automation (ROK US), Fujikura (5803 JT), Nvidia (NVDA US), Nomura Research Institute (4307 JT), Timee (215A JT) Main Points Japan shares sl...
- Julie Boote
- Pelham Smithers
- Thao Nguyen
PSA Today 17 July: Tech sector appetite improves / June exports / Cons...
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote and Thao Nguyen Tags: ASML (ASML NA), Lasertec (6920 JT), Sumco (3436 JT), Nissan Chemical (4021 JT), Ferrotec (6890 JT), Mitsui E&S (7003 JT), LY Corp (4689 JT), Toray Industries (3402 JT), Nintendo (7974 JT), NEC Corp (6701 JT), Sansan (4443 JT), Money Forward (3994 JT), Shift (3697 JT), BayCurrent (6532 JT), Seven & I (3382 JT), Alimentation Couche-Tard (ATD CN), Nissan Motor (7201 JT), Subaru (7270 JT), Mazda Motor (7261 JT), Re...
- Julie Boote
- Lindsay Whipp
- Julie Boote
- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
PSA Today 16 July: Mixed as early gains reversed on ASML (lack of) gui...
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Lindsay Whipp and Thao Nguyen Tags: ASML (ASML NA), Nvidia (NVDA US), Tokyo Electron (8035 JT), Advantest (6857 JT), Disco (6146 JT), Tokyo Seimitsu (7729 JT), Lasertec (6920 JT), Towa (6315 JT), Tokuyama (4043 JT), Tokyo Ohka Kogyo (4186 JT), Toho Co (9602 JT), Fuji Media (4676 JT), Toei (9605 JT), TBS (9401 JT), Square Enix (9684 JT), Nintendo (7974 JT), CyberAgent (4751 JT), Nidec (6594 JT), Toyota Motor (7203 JT), Guangzhou Auto...
- Joel Scheiman
PSA Chemicals: Shin-Etsu (4063 JT) FY25: Can the Positives Exceed the ...
Shin-Etsu’s FY25 Q1 will likely feature strength by semiconductor silicon but weaker conditions for PVC. Nevertheless, shareholder returns are improving and valuations remain undemanding. Analyst Joel Scheiman expects earnings will recover from FY26, modelling for 2-yr forward OP CAGR of 10%.
- Hiroyuki Terada
- Julie Boote
- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
PSA Today 15 July: Tech hardware demand / Political polls / Data centr...
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Thao Nguyen, Lindsay Whipp and Hiroyuki Terada Tags: Gunosy (6047 JT), Create Restaurants (3387 JT), Create SD (3148 JT), TSI Holdings (3608 JT), IDOM (7599 JT), Serverworks (4434 JT), Sansan (4443 JT), Gumi (3903 JT), Renesas (6723 JT), Furukawa Electric (5801 JT), Fujikura (5803 JT), Ebara (6361 JT), Tokyo Electron (8035 JT), Disco (6146 JT), Kokusai Electric (6525 JT), Torex Semiconductor (6616 JT), Hitachi (6501 JT), Electric ...
- Hiroyuki Terada
- Julie Boote
- Lindsay Whipp
- Pelham Smithers
PSA Today 14 July: Election jitters / Macro data underscores 2-speed n...
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Lindsay Whipp and Hiroyuki Terada Tags: MHI (7011 JT), IHI (7013 JT), KHI (7012 JT), Nissan Motor (7201 JT), Hino Motors (7205 JT), Daiichi Sankyo (4568 JT), Astellas (4503 JT), Sumitomo Pharma (4506 JT), Disco (6146 JT), Advantest (6857 JT), Furukawa Electric (5801 JT), NEC (6701 JT), Hitachi (6501 JT), Nexon (3659 JT), Nintendo (7974 JT), Mercari (4385 JT), Gumi (3903 JT), Samsung Electronics (005930 KS), SK Hynix (000660 KS),...
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