reports
- Hiroyuki Terada
- Julie Boote
- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
PSA Today 17 Sep: 45K resistance, SBI Shinsei, Toyota e-Palette, govt ...
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Lindsay Whipp, Thao Nguyen & Hiroyuki Terada Tags: Tokyo Electron (8035 JT), Advantest (6857 JT), Tokyo Ohka Kogyo (4186 JT), Kioxia (285A JT), Askul (2678 JT), Park24 (4666 JT), Capcom (9697 JT), Square Enix (9684 JT), Marvelous (7844 JT), Sony (6758 JT), Nippon Shokubai (4114 JT), Nippoh Chemicals (pvt), Ise Chemicals (4107 JT), K&O Energy Group (1663 JT), Eneos Holdings (5020 JT), Inpex Corp (1605 JT), Toyota Motor (7203 JT), Ni...
- Hiroyuki Terada
- Joel Scheiman
- Julie Boote
- Pelham Smithers
PSA Today 16 Sep: Flirting with 45k, NAND pricing, TOK incentives, Son...
PSA Today Japan Market Comment by Pelham Smithers, Joel Scheiman, Julie Boote, Hiroyuki Terada Tags: Sumco (3436 JT), Disco (6146 JT), Screen HD (7735 JT), Kioxia (285A JT), SanDisk (SNDK US), Murata (6981 JT), TDK (6762 JT), Asteria (3853 JT), Densan Systems (4072 JT), SBI HD (8473 JT) (¥), Ceres (3696 JT), Monex (8698 JT), Nintendo (7974 JT), Bandai Namco (7832 JT), Sony (6758 JT), Anycolor (5032 JT), KLab (3656 JT), Koei Tecmo [KT] (3635 JT), Micron (MU US), Advanced Micro Devices (AMD U...
- Hiroyuki Terada
- Joel Scheiman
- Julie Boote
- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
- William Nestuk
The PSA Research Round-Up for the Week to 12 September 2025
Weekly Comment Summary Japan’s central bank has now dropped enough hints about the future of its Japeq holdings, the question now is “what are the parameters for the ETF unwind? Pelham Smithers discusses and suggests a solution to consider. PSA Weekly Contents at a Glance Company / Sector / Thematic Comments Reports / Flash Notes Summaries 1. Capcom (9697 JT) – Levelling Up 2. Open Up Group (2154 JT) – Retention Rate Starts Improving 3. Cover (5253 JT): A Revi...
- Hiroyuki Terada
- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
- William Nestuk
PSA Today 12 Sep: New highs on heavy volume / Video games round-up / M...
PSA Today Japan Market Comment by Pelham Smithers, William Nestuk, Lindsay Whipp, Hiroyuki Terada and Thao Nguyen Tags: Kokusai Electric (6525 JT), Tokyo Electron (8035 JT), Socionext (6526 JT), Lam (LRCX US), Micron (MU US), Broadcom (AVGO US), AMD (AMD US), Kioxia (285A JT), SanDisk (SNDK US), GA Technologies (3491 JT), Visional (4194 JT), Timee (215A JT), Anycolor (5032 JT), Gumi (3903 JT), Smaregi (4431 JT), Enigmo (3665 JT), Konami (9766 JT), Sega Sammy (6460 JT), Sports Interactive (pvt), ...
- Thao Nguyen
PSA Media & Entertainment: Cover Corp (5253 JT) – A Revisit
In contrast to peer Anycolor, which has seen its shares double YTD, the share price of Cover has lost -23.5% YTD. In this report, Thao Nguyen talks about the oshikatsu phenomenon, which benefits IP generating companies like Cover, provides earnings forecast and reiterates her positive view on the stock.
- Joel Scheiman
- Julie Boote
- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
PSA Today 11 Sep: New highs on AI & earnings / Kioxia and AI optimizat...
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, Lindsay Whipp and Thao Nguyen Tags: Asteria (3853 JT), Densan Systems (4072 JT), Anycolor (5032 JT), Cover Corp (5253 JT), SoftBank Group (9984 JT), ARM Holdings (ARM US), Mitsubishi Research Institute (3636 JT), Disco (6146 JT), Screen (7735 JT), Kioxia (285A JT), Apple (AAPL US), Ibiden (4062 JT), Tokyo Ohka Kogyo (4186 JT), Nissan Motor (7201 JT), Shimano (7309 JT), MonotaRO (3064 JT), GA Technologies (3491 JT), ...
- Pelham Smithers
- Joel Scheiman
- Julie Boote
- Pelham Smithers
- Thao Nguyen
- William Nestuk
PSA Today 10 Sep: Higher on US tech, BoJ comment / iPhone launch / Cab...
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk and Thao Nguyen Tags: Oracle (ORCL US), Oracle Corp Japan (4716 JT), SoftBank Group (9984 JT), Fujikura (5803 JT), Furukawa Electric (5801 JT), Sumitomo Electric (5802 JT), Advantest (6857 JT), Kokusai Electric (6525 JT), Disco (6146 JT), Kioxia Holdings (285A JT), Apple (AAPL US), Sony (6758 JT), TDK (6762 JT), Metaplanet (3350 JT), Ceres (3696 JT), Remixpoint (3825 JT), Mazda Motor (7261 JT), Casio (...
- Pelham Smithers
PSA Entertainment: Capcom (9697 JT) – Levelling Up
Pelham Smithers outlines Capcom’s game line-up and new lines of business, with the move to mobile, in addition to its strong PC / console game offering. Earnings growth for FY26~FY27 is set to expand at a double-digit rate, taking the OPM to 43%, up from 39% in FY25. Our FY27 EV/OP of 19x is below that of Take Two’s 21x, despite the high expectations for GTA6.
- Hiroyuki Terada
- Hiroyuki Terada
- Julie Boote
- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
- William Nestuk
PSA Today 9 Sep: Lower ahead of Fed rate decision / Considering next J...
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk, Lindsay Whipp, Hiroyuki Terada and Thao Nguyen Tags: Advantest (6857 JT), Tokuyama (4043 JT), Dexerials (4980 JT), Shift Inc. (3697 JT), Citizen Watch (7762 JT), BayCurrent (6532 JT), Shimano (7309 JT), Takeda Pharmaceutical (4502 JT), Apple (AAPL US), TSMC (2330 TT), SanDisk (SNDK US), Mitsubishi Electric (6503 JT), Daifuku (6383 JT), Nabtesco (6268 JT), ), Fanuc (6954), THK (6481 JT), Keyence (6861 JT), Harmonic D...
- Hiroyuki Terada
- Julie Boote
- Pelham Smithers
- William Nestuk
PSA Today 8 Sep: Ishiba quitting, Sox gains help market / Considering ...
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk, Hiroyuki Terada and Cyrus Chang Tags: Socionext (6526 JT), Advantest (6857 JT), Kioxia (285A JT), SanDisk (SNDK US), Samsung Electronics (005930 KS), SK Hynix (000660 KS), Eisai (4523 JT), Otsuka Holdings (4578 JT), PeptiDream (4587 JT), Nxera (4565 JT), SRE Holdings (2980 JT), Appier (4180 JT), JX Advanced Metals (5016 JT), Insource (6200 JT), Konami (9766 JT), Nintendo (7974 JT), Sony (6758 JT), Nissan Motor (7201...
- Pelham Smithers
PSA Spotlight on Accounting Irregularities / Nidec (6594 JT)
With news this week of yet further improper accounting issues at Nidec (6594 JT), this note is a compendium of comments from Pelham Smithers and Julie Boote. Pelham takes us through accounting issues seen at Japanese companies and Julie comments on Nidec.
- Hiroyuki Terada
- Joel Scheiman
- Julie Boote
- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
- William Nestuk
The PSA Research Round-Up for the Week to 5 September 2025
Weekly Comment Summary Monday [8 Sep] sees the LDP decide whether or not to bring forward an LDP Presidential election that would likely see Ishiba being ousted. Can Ishiba hang on, asks Pelham Smithers. PSA Weekly Contents at a Glance Company / Sector / Thematic Comments Reports / Flash Notes Summaries 1. Gumi (3903 JT) Buys XRP as It Looks to Ripple for In-Game Transactions 2. Isuzu Motors (7202 JT): Facing Challenges in FY25 and Beyond 3. Japan’s Banking Indu...
- Joel Scheiman
- Julie Boote
- Pelham Smithers
PSA Today 5 Sep: Rally as bond fears abate / July real wages / Switch ...
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote and Joel Scheiman Tags: Nikon (7731 JT), Konica Minolta (4902 JT), Kioxia (285A JT), SanDisk (SNDK US), Samsung Electronics (005930 KS), SK Hynix (000660 KS), Tokyo Ohka Kogyo (4186 JT), Toyota Motor (7203 JT), Subaru (7270 JT), Mazda Motor (7261 JT), Honda Motor (7267 JT), Mitsubishi Motors (7211 JT), Nidec (6594 JT), Miraial (4238 JT), Resonac (4004 JT), Tokyo Electron (8035 JT), Ulvac (6728 JT), Nintendo (7974 JT), Bandai Namco ...
- Julie Boote
PSA Autos / New Mobility: Isuzu (7202 JT) Facing Challenges in FY25 an...
After a solid post-Covid profit rebound, Isuzu is once again navigating through troubled water: Its pick-up truck sales in Thailand have collapsed, the US sales situation is uncertain, and commercial vehicle sales in Asia are stagnating. Isuzu expects sales volumes will recover, and earnings will continue to benefit from further price hikes. Analyst Julie Boote is examining the truck maker’s prospects in light of increasing competition and rising geopolitical and macro-economic uncertainties.
PCAR PACCAR INC
VOLVB VOLVO AB-B SHS
600104 SAIC MOTOR CORPORATION LIMITED CLASS A
600166 BEIQI FOTON MOTOR (A)
7205 HINO MOTORS LTD.
7202 ISUZU MOTORS LIMITED
7203 TOYOTA MOTOR CORP.
601633 GREAT WALL MOTOR CO. LTD. CLASS A
TATAMOTORS TATA MOTORS LIMITED
1211 BYD COMPANY LIMITED CLASS H
VOW VOLKSWAGEN (VOW GR)
005380 KS HYUNDAI MOTOR UNTITLED
DTG DAIMLER TRUCK
MBG MERCEDES BENZ GROUP AG
- Hiroyuki Terada
- Julie Boote
- Pelham Smithers
PSA Today 4 Sep: Nasdaq rise offsets Nidec, LDP woes / Nidec's account...
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote and Hiroyuki Terada Tags: Fujikura (5803 JT), Advantest (6857 JT), Zozo (3092 JT), Kajima (1812 JT), Sony (6758 JT), Eisai (4523 JT), IHI (7013 JT), Biogen (BIIB US), Furukawa Electric (5801 JT), Sumitomo Electric (5802 JT), Nidec Corp (6594 JT), Rohm (6963 JT), Nikon (7731 JT), Ricoh (7752 JT), Ernst & Young ShinNihon (pvt), Olympus (7733 JT), Hitachi (6501 JT), Panasonic (6752 JT), Fujitsu (6702 JT), Toshiba (unlisted), Itochu (80...
- Lindsay Whipp
PSA IT Services: Japanese Banking Industry’s Investment in DX Deepens
The most recent quarterly earnings for the system integrators highlighted the sustained increase in spending by Japanese financial institutions over recent quarters, as they seek to improve products and services amid a shift in interest rates and the introduction of tax-exempt investment accounts, and as interest in digital currencies grows. Analyst Lindsay Whipp reviews some of the DX spending undertaken by Japan’s banking industry and highlights beneficiaries'.
4307 NOMURA RESEARCH INSTITUTE LTD.
8306 MITSUBISHI UFJ FINANCIAL GROUP INC.
8316 SUMITOMO MITSUI FINANCIAL GROUP INC.
9432 NIPPON TELEGRAPH AND TELEPHONE CORPORATION
3774 INTERNET INITIATIVE JAPAN
7182 JAPAN POST BANK CO. LTD.
3994 MONEY FORWARD
3626 JT TIS INC
8473 JT NTT LTD
9682 JT SBI HOLDINGS [STRATEGIC BUSINESS INNOVATOR GROUP] (8473 JT)
DTS CORP (9682 JT)
- Joel Scheiman
- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
PSA Today 3 Sep: Bonds a worry now / Capcom's Sony pricing gripes / Co...
PSA Today Japan Market Comment by Pelham Smithers, Joel Scheiman, Lindsay Whipp and Thao Nguyen Tags: SoftBank Group (9984 JT), ARM Holdings (ARM US), Rakuten Bank (5838 JT), SBI Holdings (8473 JT), Asteria (3853 JT), Densan Systems (4072 JT), IIJ (3774 JT), Japan Post Bank (7182 JT), Metaplanet (3350 JT), Monex (8698 JT), Eisai (4523 JT), Shionogi (4507 JT), Tsuruha (3391 JT), Welcia (3141 JT), ABC-Mart (2670 JT), Intermestic (262A JT), Visionary Holdings, Mitsui Chemicals (4183 JT), TSMC (233...
- Hiroyuki Terada
- Julie Boote
- Pelham Smithers
PSA Today 2 Sep: Rotation into domestic demand names continues / Consi...
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote and Hiroyuki Terada Tags: Asteria (3853 JT), Densan Systems (4072 JT), IIJ (3774 JT), Metaplanet (3350 JT), Mercari (4385 JT), Net Protections (7383 JT), Visional (4194 JT), Cybozu (4776 JT), BayCurrent (6532 JT), Berkshire Hathaway (BRK/A US), J Front Retail (3086 JT), Takashimaya (8233 JT), Isetan Mitsukoshi (3099 JT), Ryobi (5851 JT), Techtronic Industries (669 HK), Makita (6586 JT), Max (6454 JT), Stanley Black & Decker (SWK US...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.