Konami: Upgraded FY2026 Outlook and 2026 Sports Catalysts Reinforce Upside and Buy Rating

Jefferies analyst Atul Goyal reiterated a Buy rating on KONAMI HOLDINGS today and set a price target of Yen29,580.00.

Atul Goyal has given his Buy rating due to a combination of factors tied to Konami’s upgraded outlook and resilient operating performance. The company has lifted its operating profit guidance for FY2026 by 17%, supported by a solid 9M operating profit increase of 17% year over year, and Q3 results that grew despite difficult comparisons and a deliberate easing of eFootball monetization. This demonstrates both underlying strength in the core business and management’s confidence in future earnings, which Goyal interprets as supportive of further upside in the stock.
In addition, he highlights powerful upcoming catalysts in 2026, notably the World Baseball Classic in March and the Soccer World Cup in June–July, which should drive renewed profit acceleration in flagship titles such as eFootball and Pro Baseball. These global sporting events are expected to boost user engagement, monetization, and overall franchise performance, providing visibility on growth beyond the current fiscal year. Reflecting these tailwinds and the improved guidance, Goyal raises his estimates and price target, reinforcing his conviction that the shares remain attractive at current levels, hence the reiterated Buy recommendation.