CCOEF - Capcom: Consider Operating Profit Outlook And Recent Developments

2024-05-31 12:49:39 ET

Summary

• I am worried about a potential FY 2024 operating income miss for Capcom.
• However, I have a positive view of the extension of the successful Monster Hunter game series and the company's recent moves relating to talent management.
• A Hold rating for CCOEY is retained, taking into consideration the company's financial prospects and latest announcements.

Elevator Pitch

My rating for Capcom Co., Ltd. ( CCOEY ) ( CCOEF ) (9697:JP) is a Hold. Previously, I evaluated Capcom's share price underperformance and assessed the stock's valuations in my January 5, 2024 initiation piece ....

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