Jefferies analyst Shunsuke Kuriyama maintained a Hold rating on Kadokawa Corporation today and set a price target of Yen3,200.00.
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Shunsuke Kuriyama has given his Hold rating due to a combination of factors, including a weaker-than-expected Q4 and a cautious earnings outlook. Operating profit significantly undershot both his and the street’s estimates, with most business segments underperforming internal plans, highlighting execution challenges in games, publishing, and anime.
At the same time, management’s new mid-term plan emphasizes restoring profitability in key segments and pruning loss-making operations, which could support earnings over the medium term. However, given that the profit guidance still trails his forecasts and consensus, and with the price target left unchanged at ¥3,200, he sees limited near-term upside, justifying a Hold stance.
Kuriyama covers the Consumer Cyclical sector, focusing on stocks such as Ryohin Keikaku Co, FAST RETAILING CO, and Oriental Land Co. According to TipRanks, Kuriyama has an average return of 24.3% and a 55.00% success rate on recommended stocks.