In the DFC Intelligence Interactive Entertainment Stock Index, the Konami Group (9766.T-JP: Tokyo) was one of the strongest performers with a 5% increase in stock price from January 2022 to January 2023. The overall index was down 30%.
Konami was actually one of the few companies to have a nice run in mid-2022. In early June Konami stock was actually up 58% from January 2022. Unfortunately, results for the first half of the year were just OK, nothing to get excited about.
The big news for Konami is the potential to once again become an international player in the video game space. In October, Konami announced major plans to bring back the Silent Hill franchise. Like many Japanese companies, Konami has a library of classic content that can be brought back for a new audience.
Analysts are bullish on Konami expecting a 38% rise in stock price. DFC Intelligence is actually even more bullish forecasting a 60% increase in Konami stock value during 2023.
Of course, it should be noted that the rise in valuation of the U.S. dollar in comparison to the Japanese yen is always something to monitor.
