reports
- Pelham Smithers
PSA Media & Entertainment: Are We at Peak Japan Soft Power? Considerin...
Switch 2, Hello Kitty and Demon Slayer have underlined the success of Japan’s global pop culture influence. In this review, Pelham Smithers discusses whether 2025 will be the peak, or if there more to come. In light of the capital limitations faced by Japanese game developers evident at TGS2025, Pelham thinks further consolidation is likely and suggests three likely scenarios.
NEH NETEASE INC. SPONSORED ADR
NFLX NETFLIX INC.
9697 CAPCOM CO. LTD.
9684 SQUARE ENIX HOLDINGS CO. LTD.
9468 KADOKAWA CORPORATION
9766 KONAMI HOLDINGS CORP
7974 NINTENDO CO. LTD.
8136 SANRIO COMPANY LTD.
6758 SONY CORPORATION
9602 TOHO CO. LTD.
3765 GUNGHO ONLINE ENTERTAINMENT INC.
EA ELECTRONIC ARTS INC.
MSFT MICROSOFT CORPORATION
6460 JP SEGA SAMMY
GRVY GRAVITY CO. LTD. ADS
78320 BANDAI NAMCO
36350 KOEI TECMO
- 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.
- Pelham Smithers
- Pelham Smithers
PSA Media & Entertainment: PSA's Rankings of Video Game Stocks After A...
This CY25 Q2 has been another tremendous quarter for the Japanese video game sector, driven by the release of the Switch 2. Analyst Pelham Smithers reviews the performance and offerings of the video game stocks PSA covers and delivers his updated rankings.
NVDA NVIDIA CORPORATION
9697 CAPCOM CO. LTD.
9684 SQUARE ENIX HOLDINGS CO. LTD.
9468 KADOKAWA CORPORATION
3932 AKATSUKI INC.
7974 NINTENDO CO. LTD.
6758 SONY CORPORATION
9602 TOHO CO. LTD.
3765 GUNGHO ONLINE ENTERTAINMENT INC.
3659 NEXON CO. LTD.
00700 TENCENT HOLDINGS LTD.
EA ELECTRONIC ARTS INC.
6460 JP SEGA SAMMY
21210 MIXI
EMBRAC B EMBRACER GROUP
78320 BANDAI NAMCO
36350 KOEI TECMO
WBD WARNER BROS. DISCOVERY INC.
215A TIMEE INC
- Pelham Smithers
- Pelham Smithers
PSA Media & Entertainment: Video Game Third-Party Publishers’ FY24 Q4 ...
The US market has been good to Japanese game developers, so far, in 2025. Pelham Smithers updates us on what is performing well in the charts and what implications it has for the upcoming earnings season. Several companies have seen their shares rise April-to-date, so the FY25 outlook will be closely watched.
- Pelham Smithers
PSA Strategy: Japan Stock Market Quarterly for 2025 Q2
In this quarterly strategy report, we look to evaluate where we are with regards the bull market conditions, and where those indicators might be headed, factoring in the downside risks, from Trump tariffs and the US economy, BoJ actions, Japanese earnings and valuations.
AMAT APPLIED MATERIALS INC.
6146 DISCO CORPORATION
5108 BRIDGESTONE CORPORATION
7751 CANON INC.
9697 CAPCOM CO. LTD.
4519 CHUGAI PHARMACEUTICAL CO. LTD.
4755 RAKUTEN INC.
9684 SQUARE ENIX HOLDINGS CO. LTD.
8473 SBI HOLDINGS INC.
6954 FANUC CORPORATION
4324 DENTSU GROUP INC.
6861 KEYENCE CORPORATION
6869 SYSMEX CORPORATION
8306 MITSUBISHI UFJ FINANCIAL GROUP INC.
6501 HITACHI LTD.
6305 HITACHI CONSTRUCTION MACHINERY CO. LTD.
7267 HONDA MOTOR CO. LTD.
6301 KOMATSU LTD.
6503 MITSUBISHI ELECTRIC CORP.
6723 RENESAS ELECTRONICS CORPORATION
7974 NINTENDO CO. LTD.
6594 NIDEC CORPORATION
7731 NIKON CORP.
8604 NOMURA HOLDINGS INC.
7733 OLYMPUS CORP.
4666 PARK24 CO. LTD.
2371 KAKAKU.COM INC.
9984 SOFTBANK GROUP CORP.
1803 SHIMIZU CORPORATION
4063 SHIN-ETSU CHEMICAL CO LTD
6758 SONY CORPORATION
7269 SUZUKI MOTOR CORP.
1801 TAISEI CORP
6857 ADVANTEST CORP.
4186 TOKYO OHKA KOGYO CO. LTD.
8035 TOKYO ELECTRON LTD.
7203 TOYOTA MOTOR CORP.
2413 M3 INC.
2160 GNI GROUP LTD.
3659 NEXON CO. LTD.
6098 RECRUIT HOLDINGS CO. LTD.
3769 GMO PAYMENT
6460 JP SEGA SAMMY
4385 MERCARI INC.
3993 PKSHA TECHNOLOGY INC.
9434 SOFTBANK CORP.
78320 BANDAI NAMCO
45870 PEPTIDREAM INC
3491 JT GA TECHNOLOGIES
3394 JT MONEY FOWARD
6532 JT BAYCURRENT CONSULTING (6532 JT)
4483 JMDC
4180 JP APPIER GROUP
TSE: 2980 SRE HOLDINGS CORP
4194 VISIONAL INC
6526 SOCIONEXT INC
5032 JT ANYCOLOR INC
5838 RAKUTEN BANK LTD.
5253 JT COVER CORPORATION (5253 JT)
9616 JT KYORITSU MAINTENANCE (9616 JT)
Capcom annonce un partenariat avec la Coupe du monde de l’e-sport
OSAKA, Japon--(BUSINESS WIRE)-- Capcom Co., Ltd. (TOKYO : 9697) (Capcom) a annoncé aujourd’hui un partenariat de trois ans avec la Coupe du monde de l’e-sport (Esports World Cup, EWC) de l’Esports World Cup Foundation, qui se tient en Arabie Saoudite, dans le cadre de l’initiative liée aux sports électroniques de l’entreprise. Ce communiqué de presse contient des éléments multimédias. Voir le communiqué complet ici : Street Fighter 6/EWC Collaboration (Graphic: Business Wire) Dans le cadre d’un projet national de l’Arabie saoudite, la première édition de l’EWC a rassemblé l’an dernier 1 500 jo...
Capcom Announces Partnership with the Esports World Cup!
OSAKA, Japan--(BUSINESS WIRE)-- Capcom Co., Ltd. (TOKYO:9697) (Capcom) today announced a three-year partnership with the Esports World Cup Foundation’s Esports World Cup (EWC) event held in Saudi Arabia as part of the company’s esports initiative. This press release features multimedia. View the full release here: Street Fighter 6/EWC Collaboration (Graphic: Business Wire) As part of a national project in Saudi Arabia, the inaugural EWC last year brought together 1,500 top players and 200 clubs from 100 countries, significantly influencing the global esports tournament scene. In the first yea...
Le nouveau Monster Hunter Wilds de Capcom dépasse les 8 millions d'uni...
OSAKA, Japon--(BUSINESS WIRE)-- Capcom Co., Ltd. (TOKYO : 9697) a annoncé aujourd'hui que les ventes mondiales de Monster Hunter Wilds, sorti le 28 février 2025, ont dépassé les 8 millions d'unités en 3 jours. C'est la première fois qu'un titre parvient à se hisser à ce niveau dans l'histoire de l'entreprise. Ce communiqué de presse contient des éléments multimédias. Voir le communiqué complet ici : Monster Hunter Wilds (Graphic: Business Wire) Monster Hunter Wilds est le dernier opus de la franchise Monster Hunter. Le jeu se déroule dans un monde en évolution dynamique qui représente une natu...
Capcom’s New Monster Hunter Wilds Roars Past 8 Million Units Sold with...
OSAKA, Japan--(BUSINESS WIRE)-- Capcom Co., Ltd. (TOKYO:9697) today announced that worldwide sales of Monster Hunter Wilds, released on February 28, 2025, surpassed 8 million units in 3 days, which is the fastest a title has reached this milestone in the company’s history. This press release features multimedia. View the full release here: Monster Hunter Wilds (Graphic: Business Wire) Monster Hunter Wilds is the latest entry in the Monster Hunter series and is set in a dynamically changing world that is in one moment a severe wilderness, swarming with packs of attacking monsters, and in the ne...
- Pelham Smithers
TTWO TAKE-TWO INTERACTIVE SOFTWARE INC.
9697 CAPCOM CO. LTD.
9684 SQUARE ENIX HOLDINGS CO. LTD.
9766 KONAMI HOLDINGS CORP
7974 NINTENDO CO. LTD.
6758 SONY CORPORATION
3659 NEXON CO. LTD.
EA ELECTRONIC ARTS INC.
MSFT MICROSOFT CORPORATION
6460 JP SEGA SAMMY
78320 BANDAI NAMCO
36350 KOEI TECMO
Street Fighter 6 de Capcom remporte le Prix du jeu e-sport de l'année ...
OSAKA, Japon--(BUSINESS WIRE)-- Capcom Co., Ltd. (TOKYO:9697) annonce ce jour que Street Fighter 6 a remporté le Prix du jeu e-sport de l'année 2024, et que Street Fighter League a remporté le Prix de la compétition e-sport de l'année 2024 aux JAPAN eSPORTS AWARDS 2024, qui se sont déroulés le 15 janvier. Ce communiqué de presse contient des éléments multimédias. Voir le communiqué complet ici : Street Fighter 6 (Graphic: Business Wire) Marquant la seconde édition de l'événement, les JAPAN eSPORTS AWARDS 2024 (organisés par l'Union japonaise de l'e-sport et la ville de Yokohama) sont une céré...
Capcom’s Street Fighter 6 Wins Esports Game of the Year 2024 at the JA...
OSAKA, Japan--(BUSINESS WIRE)-- Capcom Co., Ltd. (TOKYO:9697) today announced that Street Fighter 6 won the eSports Game of the year 2024 award, and Street Fighter League won the eSports Competition of the year 2024 award at the JAPAN eSPORTS AWARDS 2024 held on January 15. This press release features multimedia. View the full release here: Street Fighter 6 (Graphic: Business Wire) Marking the show’s second year, the JAPAN eSPORTS AWARDS 2024 (hosted by the Japan esports Union and Yokohama City) is an annual awards ceremony that celebrates the achievements and contributions of the players, te...
Capcom annonce Onimusha Way of the Sword, le premier nouveau titre de ...
OSAKA, Japon--(BUSINESS WIRE)-- Capcom Co., Ltd. (TOKYO : 9697) a annoncé aujourd’hui la sortie d’Onimusha Way of the Sword, le premier nouveau titre de la série Onimusha depuis plus de 20 ans, ainsi que le début des travaux sur le projet d’une suite pour Okami. Ce communiqué de presse contient des éléments multimédias. Voir le communiqué complet ici : Onimusha Way of the Sword (Graphic: Business Wire) La franchise Onimusha consiste en des jeux d’action au sabre dans lesquels les joueurs endossent le rôle de guerriers dotés des pouvoirs surhumains de l’Oni et combattent des monstres détermin...
Capcom Announces Onimusha Way of the Sword, Marking the First New Titl...
OSAKA, Japan--(BUSINESS WIRE)-- Capcom Co., Ltd. (TOKYO:9697) today announced that Onimusha Way of the Sword, the first new title in the Onimusha series in over 20 years, is scheduled to be released, while work on an Okami sequel project has also started. This press release features multimedia. View the full release here: Onimusha Way of the Sword (Graphic: Business Wire) The Onimusha series consists of swordplay action games where players assume the role of warriors with the superhuman powers of the Oni and fight against monsters bent on world domination. Onimusha Way of the Sword, scheduled...
- Pelham Smithers
PSA Technology: Semiconductor Industry 2025 Outlook
Following the recent results season where several leading semiconductor and SPE companies globally produced either disappointing results or guidance, we look at where the semiconductor industry is at present, where it looks to be headed in 2025 and identify opportunities in the Japanese IC / SPE space.
005930 SAMSUNG ELECTRONICS CO. LTD.
TSFA TAIWAN SEMICONDUCTOR MANUFACTURING CO. LTD. SPONSORED ADR
WDC WESTERN DIGITAL CORPORATION
TER TERADYNE INC.
ORCL ORACLE CORPORATION
ON ON SEMICONDUCTOR CORPORATION
NVDA NVIDIA CORPORATION
MU MICRON TECHNOLOGY INC.
LRCX LAM RESEARCH CORPORATION
INTC INTEL CORPORATION
GOOGL ALPHABET INC. CLASS A
COHR COHERENT INC.
AMAT APPLIED MATERIALS INC.
NFLX NETFLIX INC.
MRVL MARVELL TECHNOLOGY GROUP LTD.
7751 CANON INC.
9697 CAPCOM CO. LTD.
6383 DAIFUKU CO. LTD.
7735 SCREEN HOLDINGS CO. LTD
5803 FUJIKURA LTD
6861 KEYENCE CORPORATION
6501 HITACHI LTD.
000660 SK HYNIX INC
6920 LASERTEC CORP.
6728 ULVAC INC.
6723 RENESAS ELECTRONICS CORPORATION
6902 DENSO CORPORATION
6701 NEC CORP.
7731 NIKON CORP.
7201 NISSAN MOTOR CO. LTD.
7105 MITSUBISHI NICHIYU FORKLIFT
6963 ROHM CO. LTD.
9984 SOFTBANK GROUP CORP.
6758 SONY CORPORATION
6857 ADVANTEST CORP.
8035 TOKYO ELECTRON LTD.
7203 TOYOTA MOTOR CORP.
AIR AIR PARTNER PLC
5930 SAMSUNG ELECTRONICS CO LTD
AMZN AMAZON.COM INC.
AMD ADVANCED MICRO DEVICES INC.
AAPL APPLE INC.
MSFT MICROSOFT CORPORATION
STM STMICROELECTRONICS NV
00981 SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORP.
AVGO BROADCOM INC.
3993 PKSHA TECHNOLOGY INC.
6600 JT KIOXIA HOLDINGS (6600 JT)
ASO ACADEMY SPORTS AND OUTDOORS
CRSR CORSAIR GAMING
WOLF WOLFSPEED INC
TSE: 2980 SRE HOLDINGS CORP
688728 GALAXYCORE INC
688234 SICC CO LTD
6526 SOCIONEXT INC
6526 JT SOCIONEXT (6526 JT)
ARM ARM HOLDINGS PLC
ACCL DOLOMITE HOLDINGS LTD
- Pelham Smithers
- Pelham Smithers
PSA Media & Entertaiment: Capcom (9697 JT) FY24 Q2 Results
A lack of new hit titles for the quarter and a weak performance in its back catalogue sales were the reasons behind the FY24 Q2 performance coming in short of consensus. Already on a high valuation, will the Feb 25 launch of Monster Hunter Wilds be enough to exceed the already higher than guidance estimates in the street?
- Pelham Smithers
PSA Media & Entertainment: Video Games Round-Up
It has been a busy week for bean counters in the video games industry, with the release of global console sales data for September, US software and hardware markets for September, and weekly software sales for UK, Japan and Steam. These figures seem to paint a similar picture: hardware sales are bad, though not as bad as over the summer, while software sales are okay. Pelham Smithers elaborates.
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