reports
- Julie Boote
- Nia Dokova
- Pelham Smithers
- William Nestuk
PSA Today 27 Mar: Nikkei lower, Topix mixed / Focus on climate change ...
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk and Nia Dokova Tags: Mazda (7261 JT), Subaru (7270 JT), Nippon Steel (5401 JT), Nintendo (7974 JT), Nvidia (NVDA US), Advantest (6857 JT), Disco (6146 JT), Fujikura (5803 JT), Furukawa Electric (5801 JT), Microsoft (SMFT US), Hachijuni Bank (8359 JT), Shizuoka Financial Group (5831 JT), Yamanashi Chuo Bank (8360 JT), Chiba Bank (8331 JT), Shinko Electric (6967 JT), Fujitsu (6702 JT), Toho Gas (9533 JT), Eisai (4523 ...
- Pelham Smithers
PSA Media & Entertainment: Rating Japanese Video Game Stocks Ahead of ...
Traditionally, the Japanese video game sector is quite a seasonal one, with the shares roughly tracking activity in the real world. So, you buy the sector in August / September, and by the end of March, you should be looking to take profits. Given that the past six months have indeed been good for Japanese video game stocks, that should apply here. However, this time does look rather different. The obvious reason for sector exceptionalism in 2025 is the launch of the Switch 2, which not only giv...
- Joel Scheiman
- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
- William Nestuk
PSA Today 26 Mar: Nikkei 225 recovers 38,000 level / Ahead of the Swit...
PSA Today Japan Market Comment by Pelham Smithers, Joel Scheiman, William Nestuk, Lindsay Whipp and Thao Nugyen Tags: Sumitomo Metal Mining (5713 JT), Mitsui Mining & Smelting (5706 JT), Dowa Mining (5714 JT), Nintendo (7974 JT), Sony (6758 JT), DeNA (2432 JT), Capcom (9697 JT), Konami (9766 JT), Bandai Namco (7832 JT), Nexon (3659 JT), Konica Minolta (4902 JT), Sega Sammy (6460 JT), Square Enix (9684 JT), Take Two (TTWO US), Warner Bros Discovery (WBD US), Microsoft (MSFT US), Square Enix (968...
- Joel Scheiman
- Julie Boote
- Nia Dokova
- Pelham Smithers
- Thao Nguyen
PSA Today 25 Mar: Moving parts / Compact camera Jan ASPs / Nippon Sans...
PSA Today Japan Market Comment by Pelham Smithers, Joel Scheiman, Julie Boote, Thao Nugyen and Nia Dokova Tags: Nexon (3659 JT), Konami (9766 JT), CyberAgent (4751 JT), DeNA (2432 JT), Amvis (7071 JT), CUC Inc (9158 JT), Sunwels (9229 JT), Kaneka (4118 JT), NEC Corp (6701 JT), Nxera Pharma (4565 JT), Tempero Bio (pvt), Sony (6758 JT), Canon (7751 JT), Nikon (7731 JT), Nippon Sanso Holdings (4091 JT), Timee (215A JT), Recruit Holdings (6098 JT), Mercari (4385 JT), VW (VOW GR), Tesla (TSLA US), ...
- Julie Boote
PSA Tire & Rubber: Bridgestone (5108 JT) Opportunities and Risks for F...
Bridgestone is facing another challenging year, with rising competition from Asian imports, higher expenses and increasing raw material prices. At the same time, the tire maker is successfully expanding its high-margin product line-up and starting to benefit from restructuring measures taken in the last few years. Analyst Julie Boote evaluates key factors determining the profit outlook, and how markets might react to the latest developments.
- Joel Scheiman
- Julie Boote
- Nia Dokova
- Pelham Smithers
PSA Today 24 Mar: Market lower despite property stock interest / Video...
PSA Today Japan Market Comment by Pelham Smithers, Joel Scheiman, Nia Dokova and Julie Boote Tags: Sumitomo Realty (8830 JT), Mitsui Fudosan (8801 JT), Konami (9766 JT), CyberAgent (4751 JT), Oracle Japan (4716 JT), Finatext Holdings (4419 JT), Seven & I (3382 JT), Couche-Tard (ATD CN), Taiyo Holdings (4626 JT), Yamaichi Electronic (6941 JT), Itoham Yonekyu (2296 JT), Itfor Inc (4743 JT), Iwai Cosmo (8707 JT), Miroku Information Service (9928 JT), Monex Group (8698 JT), Nishi-Nippon Railroad (9...
- Hiroyuki Terada
- Joel Scheiman
- Julie Boote
- Pelham Smithers
- Thao Nguyen
PSA Today 21 Mar: Winning streak extended by banks / Feb CPI / US Feb ...
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, Thao Nguyen and Hiroyuki Terada Tags: Nintendo (7974 JT), Bandai Namco (7832 JT) DeNA (2432 JT), Sony (6758 JT), Mercari (4385 JT), GMO Payment (3769 JT), BASE Inc (4477 JT), Melco Holdings (6676 JT), Kakaku (2371 JT), Capcom (9697 JT), Take Two (TTWO US), Embracer (EMBRACB SS), Microsoft (MSFT US), Sega Sammy (6460 JT), Valve (pvt), Mitsubishi Motors (7211 JT), Hon Hai (2317 TT), Nissan Motor (7201 JT), Tesla (TSL...
- Thao Nguyen
PSA Broadline Retail: Mercari (4385 JT) – Empowering Ecosystem
PSA Broadline Retail: Mercari (4385 JT) – Empowering Ecosystem with New Services Mercari is Japan's largest marketplace app, and is expanding with new services in fintech, payments, and on-demand jobs, etc., trading on attractive valuations.
- Hiroyuki Terada
- Joel Scheiman
- Julie Boote
- Lindsay Whipp
- Nia Dokova
- Pelham Smithers
- Thao Nguyen
PSA Today 19 Mar: Contrarian drift / Where tech interest is focused / ...
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, Thao Nguyen, Lindsay Whipp, Hiroyuki Terada and Nia Dokova Tags: Nvidia (NVDA US), Toyota (7203 JT), Nidec (6594 JT), Advantest (6857 JT), Disco (6146 JT), Kioxia (285A JT), Fujikura (5803 JT), Tokyo Electron (8035 JT), MHI (7011 JT), Mitsubishi Corp (8058 JT), JX Advanced Metals (5016 JT), KHI (7012 JT), Nintendo (7974 JT), Bandai Namco (7832 JT) Capcom (9697 JT), Konami (9766 JT), Square Enix (9684 JT), Sony (675...
- Lindsay Whipp
PSA: Enterprise Software: SMID-Cap IT Services Valuations-Growth Gap
PSA: Enterprise Software: SMID-Cap IT Services Valuations-Growth Gap Looking for opportunities in SMID-cap IT services and SaaS companies with significant gaps between valuations and growth among those well positioned for growth in a changing world.
- Pelham Smithers
PSA: Semiconductors / SPE: Disco (6146 JT) - Enjoying Its Near-Monopol...
PSA: Semiconductors / SPE: Disco (6146 JT) - Enjoying Its Near-Monopoly Disco's performance has improved due to better gross margins and sales growth. The company expects continued growth in revenue and gross profit, despite some challenges. Future growth is anticipated in the AI chip and SiC markets.
- Joel Scheiman
- Julie Boote
- Nia Dokova
- Pelham Smithers
- Thao Nguyen
PSA Today 18 Mar: Positive headway made / Will Nintendo's next console...
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, Thao Nguyen and Nia Dokova Tags: Toyota (7203 JT), Honda (7267 JT), Resona Holdings (8308 JT), Tokio Marine Holdings (8766 JT), Berkshire Hathaway (BRK/A US), Mitsubishi (8058 JT), Marubeni (8002 JT), Nvidia (NVDA US), Intel (INTC US), Renesas (6723 JT), Socionext (6526 JT), Kioxia (285A JT), Advantest (6857 JT), Tokyo Seimitsu (7729 JT), Bandai Namco (7832 JT), Nintendo (7974 JT), Gift Holdings (9279 JT), Zenkoku Ho...
- Julie Boote
- Lindsay Whipp
- Pelham Smithers
- William Nestuk
PSA Today 17 Mar: Positive news both domestically and abroad / Video g...
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk and Lindsay Whipp Tags: MHI (7011 JT), KHI (7012 JT), IHI (7013 JT), Mitsubishi Electric (6503 JT), Japan Steel Works (5631 JT), Ryoyu Systems (4685 JT), Kioxia (285A JT), Renesas (6723 JT), Alt Inc (260A JT), SRE Holdings (2980 JT), PKSHA (3993 JT), Smaregi (4431 JT), Pole to Win Holdings (3657 JT), Macbee Planet (7095 JT), Recruit (6098 JT), Berkshire Hathaway (BRK/A US), Mitsui & Co (8031 JT), Mitsubishi Corp (805...
- Pelham Smithers
- Hiroyuki Terada
- Joel Scheiman
- Julie Boote
- Lindsay Whipp
- Nia Dokova
- Pelham Smithers
- Thao Nguyen
- William Nestuk
The PSA Weekly Research Round-Up for the Week to 14 March 2025
Weekly Comment Summary When relaunched as a tax-effective retail product, the NISA was seen as the great hope for the Japanese stock market, but it didn’t turn out that way, as NISAs were used as a savings vehicle. Now however, there are signs that they are being put to use as an investment vehicle. Pelham Smithers discusses the implications. PSA Company Visits, Tours and Interviews Visited: Nissui Con (261A JT), Bridgestone (5108 JT), Subaru (7270 JT) Presentations at: Park24 (4666 JT), W-S...
- Hiroyuki Terada
- Joel Scheiman
- Julie Boote
- Nia Dokova
- Pelham Smithers
- Thao Nguyen
- William Nestuk
PSA Today 14 Mar: Rally / Are Japanese shares decoupling? / TOY's plan...
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk, Thao Nguyen, Hiroyuki Terada and Nia Dokova Tags: Fujikura (5803 JT), Disco (6146 JT), Advantest (6857 JT), NEC Corp (6701 JT), Mitsubishi Electric (6503 JT), Visional (4194 JT), GA Technologies (3491 JT), Timee (215A JT), AnyColor (5032 JT), Smaregi (4431 JT), Mercari (4385 JT), Money Forward (3994 JT), Baycurrent Consulting (6532 JT), Shift (3697 JT), Seven & I (3382 JT), Couche Tard (ATD CN), Ninte...
- Pelham Smithers
PSA Media & Entertainment: Sony (6857 JT) FY25 – Another Transformatio...
Analyst Pelham Smithers reviews the business outlook for Sony and explains why, under the guidance of incoming President / CEO and current CFO Hiroki Totoki, it is likely to look quite different this time next year. The company should deliver FY24 Q4 OP ahead of implied guidance [¥127bil] but perhaps not quite as good as consensus [¥194bil], depending on what happens to mark-to-market losses in Financial Services. The year ahead looks very exciting, particularly on the gaming side, where strong ...
- Julie Boote
- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
- William Nestuk
PSA Today 13 Mar: Global concerns rekindled / Pay increases / Subaru o...
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk, Thao Nguyen and Lindsay Whipp Tags: Nvidia (NVDA US), Disco (6146 JT), Advantest (6857 JT), MHI (7011 JT), Mitsubishi Electric (6503 JT), Japan Steel Works (5631 JT), IHI (7013 JT), KHI (7012 JT), Idemitsu Kosan (5019 JT), Inpex (1605 JT), Gumi (3903 JT), Metaplanet (3350 JT), Rakuten Bank (5838 JT), Nishi-Nippon Financial (7189 JT), Chiba Bank (8331 JT), AnyColor (5032 JT), Timee (215A JT), GA Technologies (3491 JT...
- Julie Boote
- Nia Dokova
- Pelham Smithers
- Thao Nguyen
PSA Today 12 Mar: Focus on domestic issues / Feb PPI / Nissan has a ne...
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Thao Nguyen and Nia Dokova Tags: PeptiDream (4587 JT), Sanrio (8136 JT), GNI Group (2160 JT), Gyre (GYRE US), Astroscale (186A JT), Ispace (9348 JT), NEC Corp (6701 JT), Mitsubishi Electric (6503 JT), Renesas (6723 JT), Screen (7735 JT), Advantest (6857 JT), Teradyne (TER US), Towa Corp (6305 JT), Mitsui High-Tec (6966 JT), AnyColor (5032 JT), Nissan Motor (7201 JT), Renault (RNO FP), Cover Corp (5253 JT), Sysmex (6869 JT) Medicar...
- Hiroyuki Terada
PSA Leisure Facilities: Koshidaka (2157 JT) – FY25 Q2 Outlook Disappoi...
Tags: Koshidaka (2157 JT), Kakuyasu Group (7686 JT), Daiichikosho (7458 JT) Hiroyuki Terada lowers his FY25~27 OP estimates for karaoke operator Koshidaka and discusses how a possible income tax threshold hike might benefit demand.
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