Goldman Sachs
May 11, 2026
Konami Group 4Q Earnings Review
Single Stock ReportEquitiesCommunication Services
Konami Group reported a strong 4Q beat with operating profit of ¥34.1bn, leading Goldman Sachs to maintain a Buy rating and raise the price target to ¥22,500.
Key Takeaways
- 1.4Q operating profit of ¥34.1 bn beat GS and consensus estimates, primarily driven by strong eFootball performance in the digital entertainment business.
- 2.The FY3/27 management guidance of ¥143.0 bn is considered conservative as it excludes potential upside from major sporting events and new titles.
- 3.The 2026 FIFA World Cup is expected to serve as a significant catalyst for eFootball sales growth starting in June 2026.
Table of Contents
- 4Q Earnings Review
- Key Data
- GS Forecast
- GS Factor Profile
- Ratios & Valuation
- Growth & Margins
- Price Performance
- Income Statement
- Balance Sheet
- Cash Flow
- Our estimates
- Price Target Risks and Methodology
- Disclosure Appendix
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Authors
Minami MunakataHaruki Kubota
Securities
9766.T
Themes
Live Service Game GrowthSports Event Catalysts
Regions
Asia PacificJapan