In a report released today, Shunki Nakamura from Jefferies maintained a Buy rating on BANDAI NAMCO Holdings, with a price target of Yen5,970.00.
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Shunki Nakamura has given his Buy rating due to a combination of factors that highlight Bandai Namco Holdings’ strong performance and strategic positioning. The company’s first-quarter results exceeded market expectations, primarily driven by the outstanding performance of its Gundam mobile game. This success is attributed to the increased engagement with the Gundam intellectual property across various media platforms, showcasing the effectiveness of the company’s cross-business IP strategy.
Despite potential challenges such as tariff impacts on margins in the upcoming quarter, Bandai Namco has plans in place to mitigate these effects, which are expected to be minimal. Furthermore, the company anticipates additional positive contributions in the second quarter, particularly from the Gundam card game. These factors collectively underpin Nakamura’s confidence in the company’s future performance, justifying the Buy rating.