reports
- Pelham Smithers
- Joel Scheiman
- Julie Boote
- Pelham Smithers
- William Nestuk
- Joel Scheiman
- Pelham Smithers
PSA Today Christmas Eve: AI stocks the spark on this quiet day / Good ...
PSA Today Japan Market Comment by Pelham Smithers and Joel Scheiman Tags: Ibiden (4062 JT), Advantest (6857 JT), Sumitomo Metal Mining (5713 JT), Dowa Holdings (5714 JT), Panasonic (6752 JT), Chubu EP (9502 JT), Yaskawa (6506 JT), Sapporo Holdings (2501 JT), Amazon (AMZN US), Nintendo (7974 JT), Nexon (3659 JT), KLab (3656 JT), Oracle Japan (4716 JT), BayCurrent (6532 JT), Fujitsu (6702 JT), Ricoh (7752 JT), Casio (6952 JT), Toyota Motor (7203 JT), Nippon Sheet Glass (5202 JT), Samsung Electron...
- Lindsay Whipp
PSA IT Services / Software: Oracle (4716 JT) Japan Misses FY25 Q2 Esti...
Lindsay Whipp reviews the FY25 Q2 performance and notes that although the 20% decline in the share price over the past six months as lowered Oracle Japan’s FY26 EV/OP down to 18.5x, which is not too expensive for a company generating an OPM of 32.9%, uncertainty around the pace of OP growth this fiscal year remains a concern.
- Hiroyuki Terada
- Joel Scheiman
- Lindsay Whipp
- Pelham Smithers
PSA Today 23 Dec: Winding down running up to Christmas / Nov Japan SPE...
PSA Today Japan Market Comment by Pelham Smithers, Joel Scheiman and Lindsay Whipp Tags: Subaru (7270 JT), Mazda Motor (7261 JT), Nissan Motor (7201 JT), Shimano (7309 JT), Nintendo (7974 JT), Capcom (9697 JT), Sony (6758 JT), Toho (9602 JT), Konami (9766 JT), Bandai Namco (7832 JT), Electronic Arts (EA US), Tokyo Seimitsu (7729 JT), Towa (6315 JT), Ulvac (6728 JT), Square Enix (9684 JT), Osaka Organic Chemical (4187 JT), Oracle Corp Japan (4716 JT), Oracle (ORCL US) Main Points Quieter day...
- William Nestuk
- Julie Boote
TSLA TESLA INC
000270 KIA MOTORS CORPORATION
7267 HONDA MOTOR CO. LTD.
7211 MITSUBISHI MOTORS CORPORATION
MARUTI MARUTI SUZUKI INDIA LIMITED
7201 NISSAN MOTOR CO. LTD.
6758 SONY CORPORATION
7269 SUZUKI MOTOR CORP.
7261 MAZDA MOTOR CORP.
7203 TOYOTA MOTOR CORP.
7270 SUBARU CORP
A0M32L CHONGQING CHANGAN AUTOMOBILE COMPANY LIMITED CLASS A
VOLV AB VOLVO
- Pelham Smithers
- Joel Scheiman
- Julie Boote
- Pelham Smithers
PSA Today 22 Dec: BoJ post-hike comments, SOX gains sends Japan higher...
PSA Today Japan Market Comment by Pelham Smithers, Joel Scheiman and Julie Boote Tags: SanDisk (SNDK US), Micron (MU US), Lam Research (LRCX US), Kioxia (285A JT), Kokusai Electric (6525 JT), Tokyo Electron (8035 JT), Tokyo Seimitsu (7729 JT), Nvidia (NVDA US), Mitsui Kinzoku (5706 JT), Resonac (4004 JT), Ibiden (4062 JT), Fujikura (5803 JT), Sumitomo Electric (5802 JT), Japan Steel Works (5631 JT), Fanuc (6954 JT), Yaskawa Electric (6506 JT), Renesas (6723 JT), Mazda Motor (7261 JT), Ricoh (77...
- Hiroyuki Terada
- Joel Scheiman
- Julie Boote
- Lindsay Whipp
- Pelham Smithers
- Thao Nguyen
- William Nestuk
The PSA Research Round-Up for Week to 19 December 2025
Weekly Comment Summary Nagoya Railroad is reviewing its plans to redevelop Nagoya Station as a scheduled contractor withdrew its bid, citing difficulties in securing personnel. Labour shortages, rising wages, rising costs, and now higher interest rates, are likely to weigh not only on future development plans but ongoing projects. Pelham Smithers discusses. PSA Weekly Contents at a Glance Reports / Flash Notes Summaries 1. PSA Micro- / Small- / Mid-Cap Recap Company / Sector / Thematic Com...
- Julie Boote
- Lindsay Whipp
- Pelham Smithers
PSA Today 19 Dec: Higher on Micron, CPI, BoJ rates hike / Nov CPI data...
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote and Lindsay Whipp Tags: Micron (MU US), Tokyo Electron (8035 JT), Advantest (6857 JT), Screen Holdings (7735 JT), Kokusai Electric (6525 JT), Shift (3697 JT), Cybozu (4776 JT), GA Technologies (3491 JT), SRE Holdings (2980 JT), Nintendo (7974 JT), Konami (9766 JT), Sony (6758 JT), Mazda Motor (7261 JT), Toyota Motor (7203 JT), Microsoft (MSFT US), Square Enix (9684 JT), Koei Tecmo (3635 JT), Tencent (700 HK), Bandai Namco (7832 JT)...
- Pelham Smithers
PSA Media & Entertainment: PS5 Outsells Switch 2 in Nov / Sony’s (6758...
This note contains two articles related to Sony: One highlighting how November sales of the 5-yr-old PS5 is outselling the Switch 2 and an update on Sony’s new game Marathon. It is due in next year but PSA’s gaming expert, Pelham Smithers, is not expecting much.
- Hiroyuki Terada
- Julie Boote
- Pelham Smithers
- Thao Nguyen
PSA Today 18 Dec: Oracle issues triggers another sell-off in tech hard...
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Thao Nguyen and Hiroyuki Terada Tags: Oracle (ORCL US), SoftBank Group (9984 JT), Lasertec (6920 JT), KHI (7012 JT), Japan Steel Works (5631 JT), Shift (3697 JT), BayCurrent (6532 JT), Nintendo (7974 JT), Sony (6758 JT), Honda (7267 JT), Nexperia (pvt), Wingtech (600745 CH), Koei Tecmo (3635 JT), Sega Sammy (6460 JT), Electronic Arts (EA US), Take Two (TTWO US), Capcom (9697 JT), Microsoft (MSFT US), BattleState Games (pvt), Nexon ...
- Pelham Smithers
PSA Macro: Machinery Order Backlog Continues to Grow Despite Weak Defe...
Pelham Smithers notes that the machinery order data for October is something of a curate’s egg. The numbers are strong but the pressure on capacity remains strained. As a result, companies may start to focus on making savings in non-production areas, such as G&A.
- Pelham Smithers
PSA Semiconductors: Kioxia’s (285A JT) AiSAQ Gains Traction
We at the point where (1) any increase in AI chip production poses problems for DRAM supply and (2) DRAM is starting to become a speed bottleneck in the AI training process. One solution has been to work out a way to offload work done by DRAM onto NAND. Kioxia’s open-source software AiSAQ meets this need. Pelham Smithers explains.
- Hiroyuki Terada
- Julie Boote
- Pelham Smithers
- Thao Nguyen
PSA Today 17 Dec: Mixed day, public sector spending plans reiterated /...
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Thao Nguyen and Hiroyuki Terada Tags: Nvidia (NVDA US), Kioxia (285A JT), MHI (7011 JT), SBI Shinsei Bank (8303 JT), SBI Holdings (8473 JT), Rakuten Bank (5838 JT), Tokyo Seimitsu (7729 JT), Advantest (6857 JT), Hitachi (6501 JT), Honda (7267 JT), Ferrotec (6890 JT), Nintendo (7974 JT), Visional (4194 JT), Cybozu (4776 JT), Zilliz (pvt), Dell (DELL US), SanDisk (SNDK US), Nissan Motor (7201 JT), Toyota Motor (7203 JT), Honda Motor ...
- Thao Nguyen
PSA Interactive Services: GA Technologies (3491 JT) Conservatively Kee...
The market was probably disappointed with the fact that J-Tech kept its FY26 guidance unchanged, as it sent the share price down a sharp -10.3% today [16 Dec]. However, analyst Thao Nguyen thinks the company has established a pattern of overachieving its goals, and FY26 is likely to be no exception as the firm’s prospects continue to look promising.
- Lindsay Whipp
PSA Enterprise Software / IT Services: Visional (4194 JT) FY26 Q1 OP C...
Analyst Lindsay Whipp is encouraged by the Q1 performance and even though investment is weighted to H2, that was also the case in FY25, when it significantly outperformed. There is a strong change it could do it again this year.
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