Earnings GrowthDespite strong intellectual property, earnings growth remains muted, affecting the analyst's recommendation.
Price Target ReductionAnalyst is lowering the price target to ¥3,172, aligning with consensus due to current valuation concerns.
Valuation ConcernsThe stock has surged approximately 86% from its 52-week low, now near all-time highs, leading to a downgrade to HOLD as valuation appears stretched.