PSA Today 24 Apr: Results season underway / PPI / Canon's Q1 / CyberAg...

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk and Hiroyuki Terada Tags: Tesla (TSLA US), Nvidia (NVDA US), Renesas (6723 JT), Socionext (6526 JT), Nidec (6594 JT), Shimano (7309 JT), Obic (4684 JT), Obic Business Consultant (4733 JT), Fanuc (6954 JT), Yaskawa Electric (6506 JT), Harmonic Drive Systems (6324 JT), Resonac (4004 JT), Shin-Etsu Polymer (7970 JT), Shin-Etsu Chemical (4063 JT), Canon (7751 JT), Canon Marketing (8060 JT), CyberAgent (475...

PSA Chemicals: Shin-Etsu Chemical (4063 JT) FY23 Earnings Preview and ...

Ahead of the full-year FY23 results release on 25 April, analyst Joel Scheiman reviews the key divisions and provides insights on what to watch out for.

PSA Today 23 Apr: Waiting for earnings, eco data / Japan's PMI recover...

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk and Nia Dokova Tags: Japan Exchange Group (8697 JT), Disco (6146 JT), Denso (6902 JT), Fast Retailing (9983 JT), Rengo (3941 JT), PeptiDream (4587 JT), Santen (4536 JT), Osaka Gas (9532 JT), Lixil (5938 JT), Obic Co (4684 JT), Shimano (7309 JT), Nidec (6594 JT), Obic Business Consultant (4733 JT), Sony (6758 JT), Paramount Global (PARA US), Embracer (EMBRACB SS), Koei Tecmo (3635 JT), Nidec (6594 JT), Yaskawa Electr...

PSA Today 22 Apr: Middle East tensions ease / Video games round-up / ...

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk and Hiroyuki Terada Tags: Tesla (TSLA US), Sysmex (6869 JT), Omron (6645 JT), Chugai Pharmaceutical (4519 JT), M3 Inc (2413 JT), Olympus (7733 JT), Pfizer (PFE US), Roche (ROG SW), Disco (6146 JT), Advantest (6857 JT), Super Micro Computer (SMCI US), Nvidia (NVDA US), SoftBank Group (9984 JT), Hitachi (6501 JT), NEC Corp (6701 JT), Nidec (6594 JT), JVCKenwood (6632 JT), Osaka Gas (9532 JT), Prima Meat (2281 JT), Lix...

The PSA Weekly Research Round up for the week to 19 April 2024

Weekly Comment Summary The conclusions of Ben Bernanke’s report on Bank of England forecasting are being echoed in Tokyo, where next week, we will see Japan’s central bank having to square its decision to raise rates with its current inflation forecasts, says Pelham Smithers. PSA Company Visits, Tours and Interviews • Visited / Calls with: Treasure Factory (3093 JT), Curves (7085 JT), Insource (6200 JT) • Presentations at: Fujifilm Holdings (4901 JT), Mitsui Mining & Smelting (5706 JT) PSA ...

PSA Today 19 Apr: Israel Iran trouble spooks market / March inflation ...

PSA Today Japan Market Comment by Pelham Smithers and Julie Boote Tags: TSMC (2330 TT), Tokyo Electron (8035 JT), Lasertec (6920 JT), MHI (7011 JT), KHI (7012 JT), NEC Corp (6701 JT), Hitachi (6501 JT), Astellas (4503 JT), Chugai Pharmaceutical (4519 JT), Sakura Internet (3778 JT), KDDI (9433 JT), Shinko Electric (6967 JT), Nvidia (NVDA US), Advanced Micro Devices (AMD US), Nissan Motor (7201 JT) Main Points • Nikkei 225 drops 1,000+ points on Middle East, TSMC news • Japan inflation slows ...

PSA Consumer Services: Inbound Tourism Hits Historical High: PSA Ideas

With tourism to Japan booming, we review visitor spending patterns and highlight the beneficiaries of this trend.

PSA Retail: Treasure Factory (3093 JT) – Rising Inbound Tourists Could...

Analyst Hiroyuki Terada provides feedback from his discussion with Treasure Factory post the release of its FY23 results. He remains positive on the outlook thanks to the rising number of tourists and provides forecasts out to FY26 that suggest valuations are undemanding.

PSA Today 18 Apr: Bounce on yen, Buffet bond / Toshiba and Japan's wor...

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote and William Nestuk Tags: Berkshire Hathaway (BRK/A US), ASML (ASML NA), Disco (6146 JT), ARM Holdings (ARM US), SoftBank Group (9984 JT), Fujifilm (4901 JT), Oriental Land (4661 JT), JR West (9021 JT), Koshidaka (2157 JT), Kyoritsu Maintenance (9616 JT), Aeon Fantasy (4343 JT), Nidec (6594 JT), Tesla (TSLA US), Toshiba (pvt), Kioxia (pvt), Hitachi (6501 JT), Mitsubishi Electric (6503 JT), NEC (6701 JT), Siemens (SIE GY), Sony (6758...

PSA Consumer Electronics: Update on Global Smartphone and PC Shipment ...

Pelham Smithers highlights some interesting trends in the global smartphone and PC markets.

PSA Today 17 Apr: Profit taking / ASML's Q1 / Fujifilm's Vision 2030 /...

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, Hiroyuki Terada and Nia Dokova Tags: ASML (ASML NA), Lasertec (6920 JT), Resonac (4004 JT), Shin-Etsu Chemical (4063 JT), Hoya (7741 JT), Nvidia (NVDA US), Fanuc (6954 JT), Panasonic (6752 JT), Komatsu (6301 JT), Daikin (6367 JT), Sony (6758 JT), Fujifilm Holdings (4901 JT), Kawasaki Heavy (7012 JT), Mitsubishi Heavy (7011 JT), Oriental Land (4661 JT), Mitsubishi Chemical (4188 JT), Money Forward (3994 JT), Sansan (4...

PSA Media & Technology: Koei Tecmo (3635 JT) Revises Down

Koei Tecmo (3635 JT) slashed its FY23 (Mar yr-end) OP forecast to ¥27bil from ¥37.5bil, but has raised its NP forecast to ¥32bil from ¥31bil, due to a stronger-than-expected performance from the non-operating account. Pelham Smithers discusses.

PSA Today 16 Apr: Slide on worries / BoJ and inflation / Global smartp...

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, Hiroyuki Terada and Nia Dokova Tags: Mitsubishi Heavy (7011 JT), Sumitomo Real Estate (8830 JT), J Front Retailing (3086 JT), Hioki EE (6866 JT), Furuno (6814 JT), Toho (9602 JT), Koei Tecmo (3635 JT), Olympus (7733 JT), Nidec (6594 JT), Konica Minolta (4902 JT), Fujifilm Holdings (4901 JT), Sumitomo Chemical (4005 JT), Shift (3697 JT), Sansan (4443 JT), Money Forward (3994 JT), Apple (AAPL US), Vivo, Honor, Huawei,...

PSA Today 15 April: Some recovery from low open / Machinery orders / V...

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk and Hiroyuki Terada Tags: Mitsubishi Heavy (7011 JT), Kawasaki Heavy (7012 JT), Astellas (4503 JT), Chugai Pharmaceutical (4519 JT), Lasertec (6920 JT), SoftBank Group (9984 JT), ARM Holdings (ARM US), Inter-Action (7725 JT), Sony (6758 JT), Takashimaya (8233 JT), Ryohin Keikaku (7453 JT), Bic Camera (3048 JT), Money Forward (3994 JT), Shift (3697 JT), Sansan (4443 JT), Toyota Motor (7203 JT), Honda (7267 JT), DMG Mo...

The PSA Weekly Research Round up for the week to 12 April 2024

Weekly Comment Summary Because of the Lunar New Year Holiday, it is difficult to assess how the Chinese economy is doing. Next week sees a slew of economic data releases out of Beijing, which should afford some clarity about how China’s economy is performing, says Pelham Smithers. PSA Company Visits, Tours and Interviews • Visited: Koshidaka Holdings (2157 JT) • Conference Calls with: Curves (7085 JT), S-Pool (2471JT) • Presentations at: Tresure Factory (3096 JT), Koshidaka Holdings (2157 JT)...

PSA Today 12 Apr: Small gain on US PPI, Mitsui Fudosan / Industrial pr...

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, Lindsay Whipp and Hiroyuki Terada Tags: Mitsui Fudosan (8801 JT), Oriental Land (4661 JT), Mitsubishi Estate (8802 JT), Sumitomo Real Estate (8830 JT), Seven & I (3382 JT), Fast Retailing (9983 JT), Takashimaya (8233 JT), Shift (3697 JT), Sansan (4443 JT), Nidec (6594 JT), Murata (6981 JT), Taiyo Yuden (6976 JT), Kuraray (3405 JT), Toyota Motor (7203 JT), Nintendo (7974 JT), Sony (6758 JT), Koei Tecmo (3635 JT), Capc...

PSA Technology: How Nidec (6594 JT) Could Benefit from the AI Boom

With the EV market in the doldrums, Julie Boote looks at the opportunities for Nidec as potentially an AI-play as the firm moves its focus to liquid cooling systems for data centres.

PSA Today 11 April: A weak start / China's PPI and CPI data / Dreamlin...

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk, Lindsay Whipp and Hiroyuki Terada Tags: Mitsubishi Heavy (7011 JT), Mitsubishi Electric (6503 JT), Hitachi (6501 JT), Toyota Motor (7203 JT), Subaru (7270 JT), Nissan Motor (7201 JT), Seven & I (3382 JT), Shift (3697 JT), Money Forward (3994 JT), Treasure Factory (3093 JT), Boeing (BA US), Toray (3402 JT), Fujikura (5803 JT), Shift Inc (3697 JT), Sansan (4443 JT), S-Pool (2471 JT) Main Points • To...

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote and Hiroyuki Terada Tags: Sony (6758 JT), Nissan Motor (7201 JT), Toyota Motor (7203 JT), Isuzu Motor (7202 JT), Microsoft (MSFT US), Sakura Internet (3778 JT), Heroz (4382 JT), Hibiya Engineering (1982 JT), Kinden (1944 JT), Nidec (6594 JT), Chugai Pharmaceutical (4519 JT), Hoya (7741 JT), BayCurrent Consulting (6532 JT), Comformia Residential REIT (3282 JT), Universal (UMG NA), Warner (WBD US), Rimas (pvt.) Big Hit (pvt), Avex (...

PSA Today 9 Apr: Boost by commodities / Live service gaming / Shin-Ets...

PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman, William Nestuk and Hiroyuki Terada Tags: Sumitomo Metal Mining (5713 JT), Shin-Etsu Chemical (4063 JT), Tokyo Electron (8035 JT), Lasertec (6920 JT), Hitachi (6501 JT), Toyo Gosei (4970 JT), NEC Corp (6701 JT), Renesas (6723 JT), Socionext (6526 JT), Rohm (6963 JT), Microsoft (MSFT US), Sony (6758 JT), Capcom (9697 JT), CyberAgent (4751 JT), Nexon (3659 JT), Krafton (259960 KS), Bandai Namco (7832 JT), Kadokawa (964...