Capcom Co Ltd

Capcom – Can They Keep Suppressing Profit?

Equity Bottom-Up
218 Views, 11 May 2022 20:15
EXECUTIVE SUMMARY
  • Capcom results were previously flagged with a late guidance upgrade and so were unsurprising. 
  • Guidance was a touch above consensus at both the revenue and OP levels but look somewhat conservative even on assumed unit volumes. 
  • But we think there is significant upside to unit volumes and Capcom’s biggest challenge will be to hold down profit so they can generate double digit growth the year after.
detail (4-minute read)
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Mio Kato
Japan/Asia Long-Short
LightStream Research
JapanEquity Bottom-UpEquity Capital Markets

Over 15 years analysing Japanese and Asian stocks from a long/short perspective I focus on cyclically driven sectors su... 

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