Japan Specialist

Mark Chadwick

Over 20 years experience in equities and asset management in Asia and Japan. Qualified CFA with experience analyzing companies as a buy-side analyst. In-depth knowledge of company fundamental analysis, corporate governance and valuations.

Nintendo (7974) | Delayed...Or Just Fashionably Late

Nintendo (7974) | No Christmas Present This Year

Equity Bottom-Up

<ul>
<li>Nintendo's Q2 results show solid performance but still fall short of expectations, with a conservative full-year profit outlook</li>
<li>The impending release of "Switch 2" in 2H24 raises questions about the company's ability to replicate the original Switch's success</li>
<li>We see the current 11x EV/EBIT as fair for the stock and do not anticipate a valuation breakout until the market can assess the credentials of "Switch 2"</li>
</ul>


Nintendo's Q2 results show solid performance but still fall short of expectations, with a conservative full-year profit outlook
The impending release of "Switch 2" in 2H24 raises questions about the company's ability to replicate the original Switch's success
We see the current 11x EV/EBIT as fair for the stock and do not anticipate a valuation breakout until the market can assess the credentials of "Switch 2"


Nintendo (7974) | Stock Performance Ahead 'Switch 2' Speculation